Vesting Requirements. A Teacher shall be fully vested in the retirement benefits described in this Section if the retiring Teacher has satisfied the following requirements: The Teacher has at least fifteen (15) years of employment in the Corporation as a Teacher as defined in this Agreement, and is at least fifty-five (55) years of age as of December 31 during the calendar year in which he/she retires.
Appears in 5 contracts
Samples: Professional Agreement, Professional Agreement, Professional Agreement
Vesting Requirements. A Teacher shall be fully vested in the retirement benefits described in this Section if the retiring Teacher has satisfied the following requirements: The Teacher has at least fifteen (15) years of employment in the Corporation as a Teacher as defined in this Agreement, and is at least fifty-five (55) years of age as of December 31 during the calendar year in which he/she retiresthey retire.
Appears in 5 contracts
Samples: Professional Agreement, Professional Agreement, Professional Agreement
