Upon Retirement. 1. Upon retirement, eligible employees and their eligible family members may remain in their County health/dental plan, but without County-paid life insurance coverage, if immediately before their proposed retirement the employees and dependents are either active subscribers to one of the County contracted health/dental plans or if while on authorized leave of absence without pay, they have retained continuous coverage during the leave period. The County will pay the health/dental plan monthly premium subsidies set forth in Section 19.2 for eligible retirees and their eligible family members.
Upon Retirement. (i) Except as provided otherwise in Section 5(a)(ii), Employee’s employment shall automatically terminate upon the Employee’s sixty-fifth birthday.
Upon Retirement. When a nurse will retire due to physical/mental disability, 30 the disabled nurse can use the time in the EIB before retiring.15.
Upon Retirement. Subject to the provisions of subsection 3(e), upon the Employee's retirement on or after the attainment of age sixty-five, the Bank shall pay the Employee 240 monthly Installment Payments equal to the quotient of (1) the product of (a) the Base Benefit Amount, multiplied by (b) the Performance Ratio; (2) divided by 12. Installment Payments will commence not later than thirty days after the Employee reaches age sixty-five or his actual retirement date, if later.
Upon Retirement. Executive is eligible to terminate his employment by Retirement upon the giving of written Notice as provided in this Agreement, at any time he is eligible for Retirement as that term is defined in Section 11.11.5 of this Agreement.
Upon Retirement. 1. If this Award is a Nonqualified Stock Option or a Stock Appreciation Right, to the extent this Award is not exercisable, this Award will become fully exercisable and may be exercised at any time before the earlier of (a) the expiration date specified in this Agreement or (b) one year after the Retirement date;
Upon Retirement. Subject to the provisions of Section 17.3 below and upon retirement and for the term of the Agreement employees are eligible to receive the benefits provided.
Upon Retirement. After at least ten (10) complete years (i.e. 120 months) of continuous service with the City, an employee, who is laid off or who qualifies for retirement benefits under the State of Ohio's "Public Employees Retirement System", and actually retires from City Service with a pension from said system, shall be entitled to receive payment for accrued unused sick leave. The rate of pay for such unused sick leave shall be at the employee's straight time hourly rate of pay at separation multiplied by one-third (1/3) of the total number of accrued sick leave hours. Total payment under this provision shall not exceed five hundred forty (540) hours (67.5 paid days). In the event an employee dies while in the employ of the City, except as provided in paragraph (D) of this section, and the employee qualifies for the employee’s respective retirement/pension fund, the employee’s surviving spouse, or secondarily, the employee’s estate shall be paid the aforementioned rate of redemption for accrued unused sick leave.
Upon Retirement the Employee shall be entitled to receive from the Bank the annual sum of $25,000, payable in annual installments beginning not later than three months after retirement, for a period of ten years. If the Employee should die during said ten year period, the installments shall continue to be payable until the expiration of said ten year period to such individual or individuals as the Employee shall have designated in writing filed with the Bank or, in the absence of such designation, to the estate of the Employee.
Upon Retirement. (i) At the time of retirement, the Employee shall be paid in a lump sum payment all accrued salary, any benefits then due and payable under any plans of the Company in which the Employee is a participant (in accordance with the provisions of the applicable plan), accrued vacation pay and reimbursement of any appropriate business expenses incurred by the Employee in connection with his duties hereunder, all to the date of termination (“Accrued Compensation”).
