Retirement Payoff Sample Clauses

Retirement Payoff. After ten years of continuous service, or at age of sixty years or above, upon termination or retirement, an employee shall be paid for sixty (60%) of his/her accumulated sick leave up to a maximum of 240 hours. All payments will be made at the current rate of pay. Employees hired after January 1, 2013 are not eligible for this benefit.
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Retirement Payoff. Upon retirement or death, an employee shall be paid his/her accumulated sick leave up to a maximum of seven hundred fifty (750) hours subject to the following restrictions:
Retirement Payoff. An employee in lieu of cashing out 500 hours of sick leave upon retirement may convert up to 750 hours of their accumulated sick leave to the purchase of individual only health benefits under the County health plan.
Retirement Payoff. Upon retirement at age 65 or death, an employee (or his/her beneficiary) with at least ten
Retirement Payoff. Upon retirement or death, an employee shall be paid his/her accumulated sick leave up to a maximum of five hundred (500) hours. In lieu of the cash out of five hundred (500) hours, retiring employees may convert up to seven hundred fifty (750) hours of their Unit F-SEIU 11/10/2011 accumulated sick leave to the purchase of individual only health benefits under the County Health Plan.

Related to Retirement Payoff

  • Retirement Contribution The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay the cost of the 6.5% or 7.5% retirement contribution for employees in the following classifications. Corrections Firearms Instructor Oil & Hazardous Material Responder I Oil & Hazardous Material Responder II

  • Public Benefit It is Raghuvir’s understanding that the commitments it has agreed to herein, and actions to be taken by Xxxxxxxx under this Settlement Agreement, would confer a significant benefit to the general public, as set forth in Code of Civil Procedure § 1021.5 and Cal. Admin. Code tit. 11, § 3201. As such, it is the intent of Xxxxxxxx that to the extent any other private party initiates an action alleging a violation of Proposition 65 with respect to Xxxxxxxx failure to provide a warning concerning exposure to DEHP prior to use of the Products it has manufactured, distributed, sold, or offered for sale in California, or will manufacture, distribute, sell, or offer for sale in California, such private party action would not confer a significant benefit on the general public as to those Products addressed in this Settlement Agreement, provided that Xxxxxxxx is in material compliance with this Settlement Agreement.

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