Retirement or Termination. Employees who retire after 10 years of service shall have the option of being paid for ½ of unused, accrued sick leave up to a maximum of 17 days or utilizing such amount toward extension of service credit as provided in Article 33. Employees who voluntarily terminate after 10 years of service will be paid for one-third of unused, accrued sick leave up to a maximum of 15 days.
Retirement or Termination. Upon Retirement or termination of employment of the Participant for reasons other than those described in Section 11 of this Agreement, Option privileges shall apply only to that portion of the Option immediately exercisable as of the date of such Retirement or termination. The Committee, however, in its discretion, may provide on a case-by-case basis that any portion of the Option that is not exercisable as of the date of such Retirement or termination may become exercisable in accordance with a schedule to be determined by the Committee. The portion of the Option exercisable upon the Retirement of the Participant shall remain exercisable for three (3) years after Retirement. The portion of the Option exercisable upon termination for reasons other than Retirement or those described in Section 11 of this Agreement shall remain exercisable for three (3) months after such termination.
Retirement or Termination. An Association member upon retirement or termination of employment, with proper notice, shall be paid an amount of money calculated at the rate of seventy dollars ($70.00) per accrued sick days up to a maximum of two hundred five (205) days for the 2008-2009 school year, two hundred ten (210) days for the 2009-2010 school year, and two hundred fifteen (215) days for the 2010-2011 school year. Payment of accumulated personal and sick leave shall be made directly to the Association member. However, there is no limit on the amount of sick days accrued for potential use when an Association member is sick. It is specifically understood and agreed that for an Association member's last year of employment he/she shall receive the amount of sick pay calculated above upon retirement for each month worked and fifty percent (50%) of the above amount of the remaining sick days.
Retirement or Termination. An Employee terminating their employment, at any time during the fiscal year, shall be entitled to a proportionate payment of salary or wages in lieu of such vacation, less vacation already taken.
Retirement or Termination. At the time an Employee retires, or is terminated for any reason, all accrued banked time shall be paid to the Employee at the Employee’s current hourly rate of pay. The Employee may, however, request the Company, in writing, to transfer such accrued banked time to the Employee’s individual R.R.S.P. account.
Retirement or Termination. At the time an Employee retires, or is terminated for any reason, all accrued banked time shall be paid to the Employee at the rate of pay when the banked time was earned. The Employee may; however, request the Company in writing, to transfer such accrued banked time to the Employee's individual RRSP account (see 13.02(d)).
Retirement or Termination. Upon retirement or other termination of regular employment with the Company, the Participant shall become eligible for deferred compensation payments under this Plan.
Retirement or Termination. When an Employee retires or is terminated for cause, they will be paid the value of any accumulated TOIL and Vacation Bank as a lump sum payment less usual and required deductions.
Retirement or Termination. When an Employee retires or their employment is terminated, they will be paid the value of any earned annual vacation entitlement as a lump sum payment less usual and required deductions, including pension. In the event an Employee retires or their employment is terminated, having exceeded their annual vacation entitlement, they will have an amount equal to the exceeded annual vacation entitlement deducted from their final pay or they will have to repay the Employer the value of the excess leave the exceeds the final pay.
