Semi-Retirement Sample Clauses

Semi-Retirement. When a priest has reached an age where, in his judgment and in the judgment of the Xxxxxx, full responsibility for a ministerial assignment is not in his or the Diocese's best interest, the Xxxxxx may arrange with the priest an assignment of semi-retirement. In such an assignment, the Diocese, by direction and calculation of the Xxxxxx, will assist the parish or institution in question in providing for normal compensation for the priest according to the Priests’ Compensation Policy. After reaching his full retirement age, a priest who is still serving in a semi-retirement assignment can choose to receive his vested and accrued retirement benefit as well as semi-retirement compensation by mutual agreement with the Xxxxxx.
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Semi-Retirement. 16.1 Employees with a minimum of twenty (20) years seniority, and who either hold a full-time position or have reached fifty-five (55) years of age, may semi-retire before the age of sixty-five (65) years. They shall return to work for the entire summer season, May 1st to October 15th inclusive, or may apply for a leave of absence.
Sample 1
Semi-Retirement. The parties agree to a semi-retirement provision for regular employees who are at least 55 years old and who are eligible to collect a pension within five years as follows:
Sample 1
Semi-Retirement. Employees with a minimum of twenty (20) years seniority, and who either hold a full- time position or have reached fifty-five (55) years of age, may semi-retire before the age of sixty-five (65) years. They shall return to work for the entire summer season, May 1st to October 15th inclusive, or may apply for a leave of absence. April March Collective Agreement between Gray Line of and CAW Local Section I (General) During the summer season, semi-retirees shall be subject to all provisions of this Agreement. For the purpose of changing their home depot only, they may sign at any time of the year. Semi-retirees shall be credited with one year's additional seniority for each summer season they return to work. A semi-retiree may, on one (1) occasion only, return to employment and in the depot retired from or obtained through a posting. Should these provisions be amended or deleted in the future, those who have chosen to semi-retire shall be protected under the above until they have reached the age of sixty-five (65) years. GI When there are no employees available, a semi-retiree may continue working after October but shall leave employment when employees become available. By mutual agreement between the Parties, semi-retirees may be offered part-time work to cover extraordinary circumstances.
Sample 1

Related to Semi-Retirement

  • Normal Retirement Unless Separation from Service or a Change in Control occurs before Normal Retirement Age, when the Executive attains Normal Retirement Age the Bank shall pay to the Executive the benefit described in this section 2.1 instead of any other benefit under this Agreement. If the Executive’s Separation from Service thereafter is a Termination with Cause or if this Agreement terminates under Article 5, no further benefits shall be paid.

  • Disability Retirement If, as a result of your incapacity due to physical or mental illness, You shall have been absent from the full-time performance of your duties with the Company for 6 consecutive months, and within 30 days after written notice of termination is given You shall not have returned to the full-time performance of your duties, your employment may be terminated for "Disability." Termination of your employment by the Company or You due to your "Retirement" shall mean termination in accordance with the Company's retirement policy, including early retirement, generally applicable to its salaried employees or in accordance with any retirement arrangement established with your consent with respect to You.

  • Deferred Retirement a. An employee who, upon separation from County service, is eligible for paid retirement and elects deferred retirement must defer participation in the Grant until such time as he or she becomes an active retiree.

  • Post-Retirement Employment Unit members who retire from the University during the term of this Agreement may propose a post-retirement appointment of up to three years duration. During this post-retirement appointment, the total of retirement benefits and post-retirement salary paid by the University shall not exceed the salary paid at the time of retirement. The annual compensation received from the University for the post-retirement appointment shall not exceed fifty (50) percent of the annual salary at the time of retirement. The duties for a post-retirement appointment shall be defined and agreed to in writing by the bargaining unit member and the Employer/University Administration prior to the bargaining unit member's retirement. Such appointments are at the discretion of the Employer/University Administration and are subject to existing law and all rules and regulations of the State Retirement Board. The decision of the Employer/University Administration not to approve a proposal for a post-retirement appointment shall not be grievable under the Grievance and Arbitration Procedure, Article 7.

  • Normal Retirement Date The date on which the Executive attains age sixty-five (65).

  • Pre-Retirement Leave An employee scheduled to retire and to receive a superannuation allowance under the applicable Superannuation Act(s), or who has reached the mandatory retiring age, shall be entitled to:

  • Re-employment After Retirement Employees who have reached retirement age as prescribed under the Pension (Municipal) Act and continue in the Employer's service, or are re-engaged within three (3) calendar months of retirement, shall continue at their former increment step in the pay rate structure of the classification in which they are employed, and the employee's previous anniversary date shall be maintained. All perquisites earned up to the date of retirement shall be continued or reinstated.

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • Normal Retirement Age Normal Retirement Age shall mean the date on which the Executive attains age sixty-five (65).

  • RETIREMENT PICK-UP 257. For the term of this Agreement, the CITY shall pick up the full amount of the employees’ contribution to retirement.

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