Other Conditions Regarding Retirement Sample Clauses

Other Conditions Regarding Retirement. The parties agree that under no circumstances will the increases in reportable earnings from one year to the next for Employees who are within ten (10) years of becoming eligible for retirement, or who are eligible to retire under any IMRF Retirement Program, exceed the maximum allowable annual increase as established by IMRF without penalty to the Board of Education. The parties agree that if (whether due to promotion, increased hours, or any other reasons) the maximum allowable rate without penalty to the Board of Education is exceeded, the parties will meet and agree to restructure the Employee’s assignment or compensation so that the maximum allowable rate without penalty to the Board of Education will not be exceeded. The parties acknowledge the purpose of such agreement is to avoid liability for penalties, which may result from increases in reportable earnings from one year to the next in excess of the maximum allowable rate without penalty to the Board of Education.
Sample 1
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Other Conditions Regarding Retirement. The parties agree that under no circumstances will the increases in creditable earnings from one year to the next for teachers who are within ten (10) years of becoming eligible for retirement, or who are eligible to retire under any TRS Retirement Program, exceed the maximum allowable annual increase as established by TRS without penalty to the Board of Education. The parties agree that if (whether due to promotion, extra- duty stipends, or any other reasons) the maximum allowable rate without penalty to the Board of Education is exceeded, the parties will meet and agree to restructure the teacher’s assignment or compensation so that the maximum allowable rate without penalty to the Board of Education will not be exceeded. The parties acknowledge the purpose of such agreement is to avoid liability for penalties, which may result from increases in creditable earnings from one year to the next in excess of the maximum allowable rate without penalty to the Board of Education. Creditable earnings paid during the retirement notice period shall be inclusive of extra-duty compensation. A teacher who takes on a new extra duty assignment during the notice period shall receive no additional compensation. If during the notice period the Board discontinues an extra duty position filled by a teacher who has given his/her retirement notice, no deduction shall be made from the specified annual increases. If, however, a teacher voluntarily discontinues such an assignment, or the teacher is removed from the position, compensation for the position will be deducted from the total creditable earnings received for that year.
Sample 1

Related to Other Conditions Regarding Retirement

  • Adverse Weather Conditions Except in emergency situations, the Employer shall not require an employee:

  • Weather Conditions In the event of temporary suspension of work or during inclement weather or whenever the OWNER shall direct, the CONSTRUCTION MANAGER will, and will cause its Subcontractors to protect carefully its and their work and material against damage or injury from the weather. If, in the opinion of the OWNER, any Work or material shall have been damaged or injured by reason of failure on the part of the CONSTRUCTION MANAGER or any of its Subcontractors so to protect his work, said materials shall be removed and replaced at the expense of the CONSTRUCTION MANAGER.

  • Public Employees Retirement System “PERS”) Members. For purposes of this Section 1, “employee” means an employee who is employed by the State on August 28, 2003 and who is eligible to receive benefits under ORS Chapter 238 for service with the State pursuant to Section 2 of Chapter 733, Oregon Laws 2003.

  • BASIC CONDITIONS The State shall have no obligation to disburse money for the Project under this Grant Agreement until the Grantee has satisfied the following conditions:

  • Other Conditions v1.10 Questions? xxxxxxxxxxxx@xxxxxxxxx.xxx or +0-000-000-0000 (toll free in the US) or

  • SUPERIOR CONDITIONS 21.01 All existing benefits, rights, privileges, practices, terms or conditions of employment which may be considered to be superior to those contained herein and which are set out in Appendix 4 are specifically retained by this Agreement unless otherwise agreed by the local parties. The parties agree to remove from Appendix 4 those superior conditions which no longer have application. Where the parties cannot agree on whether a superior condition continues to have application, the issue will be reduced to a grievance and referred to arbitration.

  • OTHER CONDITIONS OF EMPLOYMENT Certificate based on Masters degree, 18 total years pay credit or classified step, Non-Probationary ,Local Longevity =$1000, Base Contract @ $48,532. All contracts are issued contingent upon employee having appropriate certification or endorsement or approved ALP. All contracts are also contingent upon successful completion of criminal background check. Where applicable, certified salaries include $3000 from the “Targeted Educator Compensation Act” of 2001. Where applicable the employee has also had included within Compensation For Services a stipend for 18 years of Local Longevity Credit.

  • Termination Conditions This Agreement terminates upon the earlier of any of the following events: 18.1. Podmínky ukončení platnosti smlouvy Platnost této smlouvy skončí, jakmile nastane kterákoliv z následujících událostí:

  • Non-Vested Retirement Gratuity for Teachers 1. The minimum years of service for retirement gratuity shall be defined as the lesser of the contractual minimal service requirement in the 2008-2012 collective agreement, or ten (10) years.

  • Employment Conditions Staff employed on the twilight shift shall be subject to the following employment conditions:

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