Retirement Notice Award Sample Clauses

Retirement Notice Award. Regular employees who give between six (6) and nine (9) months’ advance notice of retirement and are at least age fifty-five
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Retirement Notice Award. Eligible regular employees who give between six (6) and nine (9) months’ advance notice of retirement and are at least age fifty-five (55) with at least twelve (12) years of continuous service will be eligible for a Retirement Notice Award. The Award will be pro-rated for FTE at the employee’s regular rate of pay at the time of retirement. The Award will be paid at the end of the employee’s career with Group Health. If an employee previously received a retirement PTO award before January 1, 2014 (whether or not they actually retired), they are not eligible to receive this Retirement Notice Award. Retirement Notice Award Schedule: • 12 through 19 years of service – 80 hours of pay • 20 or more years of service - 120 hours of pay
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Retirement Notice Award. Regular employees who give between six (6) and nine
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Retirement Notice Award. All regular employees who give between six (6) and nine (9) months’ advance notice of separation and are at least age fifty-five (55) with at least twelve (12) years of continuous service will be eligible for a Retirement Notice Award. The Award will be prorated by assigned FTE at the time of the employee’s separation and will be paid at the employee’s regular rate of pay at the time of separation. (Example: A 0.5 FTE employee with fifteen (15) years of service would receive the equivalent of forty (40) hours of pay.) The Award will be paid at the end of the employee’s career with the Employer. If an employee previously received the retirement PTO award in existence before September 1, 2012 (whether or not they actually retired), they are not eligible to receive this Retirement Notice Award. RETIREMENT NOTICE AWARD SCHEDULE Twelve (12) through nineteen (19) years of service – eighty (80) hours of pay. Twenty (20) or more years of service – one hundred twenty (120) hours of pay.
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Retirement Notice Award. Beginning September 1, 2012, regular employees who give between six (6) and nine (9) months’ advance notice of retirement and are at least age fifty-five (55) with at least twelve (12) years of continuous service will be eligible for a Retirement Notice Award. The Award will be prorated for FTE at the employee’s regular rate of pay at the time of retirement. The Award will be paid at the end of the employee’s career with Group Health. If an employee previously received the retirement PTO award in existence before September 1, 2012 (whether or not they actually retired), they are not eligible to receive this Retirement Notice Award. Retirement Notice Award Schedule:  12 through 19 years of service – 80 hours of pay  20 or more years of service - 120 hours of pay ARTICLE 13 - PAID TIME OFF (PTO) / EXTENDED ILLNESS BANK (EIB)
Sample 1
Retirement Notice Award. Regular employees who give between six (6) and nine (9) months' advance notice of retirement and are at least age fifty-five (55) with at least twelve (12) years of continuous service will be eligible for a Retirement Notice Award. The Award will be pro-rated for FTE at the employee's regular rate of pay at the time of retirement. The Award will be paid at the end of the employee's career with Group Health. Retirement Notice Award Schedule: ● 12 through 19 years of service - 80 hours of pay ● 20 or more years of service - 120 hours of pay
Sample 1

Related to Retirement Notice Award

  • Performance Award You are hereby awarded, on the Grant Date, a Performance Award with a target value of [AMOUNT].

  • Service Award Named Plaintiff may apply to the Court for a service award of up to ten thousand dollars ($10,000). Subject to the Court’s approval, the service award shall be paid from the Settlement Fund ten (10) days after the Effective Date.

  • Incentive Award The three (3) year rolling average of earnings growth and Return On Equity (the "XXX") and determined as of December 31 of each plan year shall determine the Director's Incentive Award Percentage, in accordance with the attached Schedule A. The chart on Schedule A is specifically subject to change annually at the sole discretion of the Company's Board of Directors. The Incentive Award is calculated annually by taking the Director's Annual Fees for the Plan Year in which the XXX and Earnings Growth was calculated times the Incentive Award Percentage.

  • Performance Share Award If your Award includes a Performance Share Award, and you voluntarily terminate your employment prior to the end of the Performance Period, you will forfeit your entire Performance Share Award. 

  • Stock Option Award Within the 60-day period following the Start Date, Executive will receive an award of stock options to purchase Common Stock (the “Options”). The terms and conditions of the Options will be governed by Parent’s 2010 Equity Incentive Plan and the Stock Option Agreement in substantially the form attached hereto as Exhibit A. The number of shares covered by such Options shall equal 50,000. The Options shall have a per share exercise price equal to the fair market value per share of such Option on the date of grant, as determined by the Board.

  • NOTICE OF STOCK OPTION GRANT Name: Address: You have been granted an option to purchase Common Stock of the Company, subject to the terms and conditions of the Plan and this Award Agreement, as follows: Grant Number Date of Grant Vesting Commencement Date Exercise Price per Share $ Total Number of Shares Granted Total Exercise Price $ Type of Option: Incentive Stock Option Nonstatutory Stock Option Term/Expiration Date:

  • Performance Share Units The Committee may, in its discretion, grant to Executive performance share units subject to performance vesting conditions (collectively, the “Performance Units”), which shall be subject to restrictions on their sale as set forth in the Plan and an associated Performance Unit Grant Letter.

  • Restricted Stock Unit Award Subject to the terms and conditions of the Plan and this Award Agreement, the Company hereby grants to the Participant the number of Restricted Stock Units indicated in the Notice of Grant (the “RSUs”). Each RSU represents one notional Share.

  • Employment Option If the State determines that it would be in the State’s best interest to hire an employee of the Contractor, the Contractor will release the selected employee from any non-competition agreements that may be in effect. This release will be at no cost to the State or the employee.

  • Performance Shares The Performance Shares earned by the Grantee will be determined and delivered to the Grantee as soon as practicable subsequent to the determination of the Corporation’s financial results for the Performance Cycle and approval by the Plan Administrator. The corresponding shares of the Corporation’s common stock will be purchased on the open market.

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