Common use of Lump Sum Payments Clause in Contracts

Lump Sum Payments. The retiring allowance shall be paid in annual instalments, to a maximum of three (3) instalments of one-third of annual salary, to be paid on agreed-upon dates acceptable to the faculty member and shall be based on scale salary* without allowances at the date of retirement (i.e. last day worked) in the following amounts: Full Years to Retirement Pay Out 1 20% of annual salary 2 40% of annual salary

Lump Sum Payments. The retiring allowance shall be paid in annual instalmentsinstallments, to a maximum of three (3) instalments installments of one-third of annual salary, to be paid on agreed-upon dates acceptable to the faculty member and shall be based on scale salary* without allowances at the date of retirement (i.e. last day worked) in the following amounts: ): Full Years to Retirement Pay Out 1 20% of annual salary 2 40% of annual salaryOut

Lump Sum Payments. The retiring allowance shall be paid in annual instalments, to a maximum of three (3) instalments of one-third of the annual salary, to be paid on agreed-upon mutually agreeable dates acceptable to the faculty member and shall be based on scale salary* the annual salary without allowances at the date of retirement (i.e. last day worked) in the following amounts: Full Years to Retirement Pay Out 1 20% of annual salary 2 40% of annual salaryPayout

Lump Sum Payments. The retiring allowance shall be paid in annual instalments, to a maximum of three (3) 3 instalments of one-third of annual salary, to be paid on agreed-upon dates acceptable to the faculty member employee and shall be based on scale salary* without allowances at the date of retirement (i.e. last day worked) in the following amounts: Full Years to Retirement Pay Out Payout 1 20% of annual salary 2 40% of annual salary

Lump Sum Payments. The retiring allowance shall be paid in annual instalments, to a maximum of three (3) instalments of one-third of annual salary, to be paid on agreed-upon dates acceptable to the faculty member instructor and shall be based on scale salary* without allowances at the date of retirement (i.e. last day worked) in the following amounts: Full Years to Retirement Pay Out Payout 1 20% of annual salary 2 40% of annual salary

Lump Sum Payments. The retiring allowance shall be paid in annual instalmentsinstallments, to a maximum of three (3) instalments installments of one-third of annual salary, to be paid on agreed-upon dates acceptable to the faculty member and shall be based on scale salary* without allowances at the date of retirement (i.e. last day worked) in the following amounts: ): Full Years to Retirement Pay Out 1 20% of annual salary 2 40% of annual salaryRetirement