Common use of EARLY RETIREMENT INCENTIVE PLAN Clause in Contracts

EARLY RETIREMENT INCENTIVE PLAN. 16:18.1 The Board will pay an allowance to regular or school-term employees who resign from the School District before reaching age 64, subject to the following conditions: The employee must: - have been actively at work on a regular and continuing basis for the previous twelve (12) month period, - be age 55 or over, - have completed ten (10) years of service in this District, - submit an application to the Human Resources Department no later than June 30 in the year in which they wish to retire, - retire from employment in this District prior to his/her 64th birthday.

EARLY RETIREMENT INCENTIVE PLAN. 16:18.1 The Board will pay an allowance to regular or school-term employees who resign from the School District before reaching age 6465, subject to the following conditions: The employee must: - have been actively at work on a regular and continuing basis for the previous twelve (12) month period, - be age 55 or over, - have completed ten (10) years of service in this District, - submit an application Provide two (2) calendar months’ written working notice to their Manager. With the Human Resources Department no later than June 30 in Employer’s agreement, the year in which they wish to retirerequirement for two (2) calendar months’ working notice may be reduced or waived, - retire from employment in this District prior to his/her 64th 65th birthday.

EARLY RETIREMENT INCENTIVE PLAN. 16:18.1 The Board will pay an allowance to regular or school-term school‐term employees who resign from the School District before reaching age 6465, subject to the following conditions: The employee must: - have been actively at work on a regular and continuing basis for the previous twelve (12) month period, - be age 55 or over, - have completed ten (10) years of service in this District, - submit an application Provide two (2) calendar months’ written working notice to their Manager. With the Human Resources Department no later than June 30 in Employer’s agreement, the year in which they wish to retirerequirement for two (2) calendar months’ working notice may be reduced or waived, - retire from employment in this District prior to his/her 64th 65th birthday.