Common use of Retirement Age Clause in Contracts

Retirement Age. 15.01 It is agreed that the first day of retirement shall be the first day of the month following the month an employee retires and resigns their employment. It is understood that once an employee has determined a date of retirement, they are responsible to advise their manager in writing of their intent to retire and specify the retirement date, with a copy to Human Resources. It is preferred the employee provide written notice of retirement no less than three months in advance of the retirement date as a reasonable period to process the retirement.

Retirement Age. 15.01 It is agreed that the first day of retirement shall be the first day of the month following the month an employee retires and resigns their employment. It is understood that once an employee has determined a date of retirement, they are responsible to advise their manager in writing of their intent to retire and specify the retirement date, with a copy to Human Resources. It is preferred the employee provide written notice of retirement no less than three (3) months in advance of the retirement date as a reasonable period to process the retirement.