Individual Eligibility a. An eligible faculty member who elects early separation through resignation or early retirement by October 15, to be effective the beginning of the subsequent academic year, or a date mutually agreed upon by the faculty member and the Administration, except those faculty qualifying under paragraph b below, shall receive a payment equal to the faculty member’s base salary minus ten percent (10%) for each year beyond age fifty-five (55). The faculty member shall receive this amount in two (2) equal payments; the first payment shall be made at the time of the faculty member’s separation from employment and the second payment shall be made before the earlier of the following dates i) eighteen (18) months after the date of separation, or ii) the end of the fiscal year following the fiscal year in which the separation occurred. These payments shall be deposited into the employee’s post-retirement health care savings account. If the separation payment is less than ten thousand dollars ($10,000), it will be paid to the faculty member as a lump sum cash payment at the time of separation from employment. In the event a faculty member who is otherwise eligible for the separation incentive described in this section, and has provided the advance notice of the faculty member’s intention to retire as provided in this section, dies before the identified separation date, the incentive payment shall be made to the beneficiary designated by the faculty member under a State retirement program, or lacking any such beneficiary, to the faculty member’s estate. Part-time faculty, not including faculty on the Annuitant Employment Program or the Phased Retirement Program described in Article 15, shall receive this benefit on a pro- rated basis.
Individual Eligibility a. An eligible faculty member who elects early separation through resignation or early retirement by October 15, to be effective the beginning of the subsequent academic year, or a date mutually agreed upon by the faculty member and the Administration, except those faculty qualifying under paragraph b below, shall receive a payment equal to his/her base salary minus ten percent (10%) of his/her base salary for each year beyond age fifty-five (55). The faculty member shall receive this amount in two
Individual Eligibility a. An eligible faculty member who elects early separation through resignation or early retirement by October 1, to be effective the beginning of the subsequent academic year, or a date mutually agreed upon by the faculty member and the Administration, except those faculty qualifying under paragraph b. below, shall receive compensation equal to his/her base salary minus ten percent (10%) of his/her base salary for each year beyond age fifty-five (55). The faculty member shall receive the compensation in two (2) equal annual payments, the first at the beginning of the ensuing fiscal year and the second in the following fiscal year. If the separation payment is less than ten thousand dollars ($10,000), it will be paid to the faculty member in a lump sum. In no circumstance shall a faculty member eligible for an early separation payment receive such payment in any one fiscal year which would result in compensation in excess of one hundred percent (100%) of total salary, exclusive of overload and summer sessions. In the event a faculty member who is otherwise eligible for the separation incentive described in this Section, and has provided the advanced notice of his/her intention to retire as provided in this Section, dies before his/her separation date, the incentive payment shall be made to his/her estate.
Individual Eligibility. Client eligibility for services shall be governed by Federal and State laws, rules and regulations and the provisions of this contract.
Individual Eligibility a. An eligible faculty member who elects early separation through resignation or early retirement by October 1, to be effective the beginning of the subsequent academic year, or a date mutually agreed upon by the faculty member and the Administration, except those faculty qualifying under paragraph
Individual Eligibility. Employees in a position deemed telework eligible are eligible to telework after they satisfy the minimum requirements outlined in the provisions of the Program [See requirements at 1.C.2.] and they meet the statutory eligibility requirements [See Section I.B.5.]. The number of days a position is deemed eligible for telework will decree the maximum number of days an employee is eligible to telework.
