Retirement Schedule Sample Clauses

Retirement Schedule. Teachers with twelve (12) years or more service in the Orangeville School District at the time of retirement will qualify for a retirement incentive provided the school district will not incur a penalty through TRS. Upon presenting an irrevocable notice of retirement a certified employee will receive the TRS allowable percentage increase (6% as of 2016-2017) for a maximum of four years. The TRS reportable wages during the notice year will serve as the base for the 6% raise and each ensuing year shall be increased by the maximum allowable percentage over the previous year. The notice year is identified as July 1 through June 30 of the year before the increase is to begin. If less than a four year notice is given, the teacher will receive one percent less than the maximum TRS allowable increase during the next year and each ensuing year until retirement. For teachers hired before January 1, 1999, BS + 40 shall be equivalent to MS of the salary schedule, plus all hours over 18 must be in the respective teaching area. Hours earned are to be effective from the beginning of the school year following completion of the course work. Teachers hired after January 1, 1999 shall only move beyond BS + 18 if they complete a Master’s Degree. This paragraph will expire when all applicable employees have ceased employment with the district.
Sample 1Sample 2
AutoNDA by SimpleDocs
Retirement Schedule. Effective as of January 1, 2001, Xxxxxx shall retire as Chief Executive Officer of Pentair, and effective as of May 1, 2001, Xxxxxx shall retire as a full-time employee of Pentair and from such other positions or offices as he may hold with Pentair or with any other company which is a member of the controlled group of companies which includes Pentair (collectively, the "Group") as shown on the attached Exhibit X. Xxxxxx shall continue to serve as Chairman of the Board of Directors of Pentair (the "Board") until the date of the 2002 Pentair annual shareholders meeting, at which time he shall retire as a Board member and cease to serve as Chairman of the Board. Xxxxxx, together with the Chief Executive Officer of Pentair and the Chairman of the Compensation Committee of the Board shall develop a description of the duties and responsibilities to be assumed by Xxxxxx as Chairman of the Board.
Sample 1
Retirement Schedule. 1. A teacher shall receive $125 per year for each year of employment with the Penn Manor School District plus $50 per day for each unused sick and/or personal day.
Sample 1

Related to Retirement Schedule

  • Supplemental Retirement Benefits The terms and conditions for the payment of supplemental retirement benefits are set forth in a separate written agreement between the parties.

  • Supplemental Retirement Plan During the Contract Period, if the Executive was entitled to benefits under any supplemental retirement plan prior to the Change in Control, the Executive shall be entitled to continued benefits under such plan after the Change in Control and such plan may not be modified to reduce or eliminate such benefits during the Contract Period.

  • Retirement Plan The 2.7% at 55 retirement plan will be available to eligible bargaining unit members covered by this Section 6.1.1.

  • Retirement Plans In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, JHSS shall provide the following administrative services:

  • Supplemental Retirement Benefit In addition to the foregoing, Executive shall be eligible to participate in the Supplemental Executive Retirement Plan maintained by Cleco Utility Group Inc. or such other supplemental retirement benefit plans which the Company or its Affiliates may adopt, from time to time, for similarly situated executives (the "Supplemental Plan").

  • Normal Retirement Benefits A Participant shall be entitled to receive the balance held in his or her account upon attaining his or her Normal Retirement Age or at such earlier dates as the provisions of this Article VI may permit. If a Participant elects to continue working past his or her Normal Retirement Age, he or she will continue as an active Participant. Unless the Employer elects otherwise in the Adoption Agreement, distribution shall be made to such Participant at his or her request prior to his or her actual retirement. Distribution shall be made in the normal form, or if elected, in one of the optional forms of payment provided below.

  • 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 Benefit Upon Termination of Employment on or after the Normal Retirement Age for reasons other than death, the Company shall pay to the Executive the benefit described in this Section 2.1 in lieu of any other benefit under this Agreement.

  • Retirement Benefits Due to either investment or employment during the marriage, either the Husband or Wife: (check one) ☐ - DO NOT have retirement plans. ☐ - HAVE retirement plans. The Couple has the following retirement plans: (“Retirement Plans”). Upon signing this Agreement, the Retirement Plans shall be owned by: (check one) ☐ - Husband ☐ - Wife ☐ - Both Spouses ☐ - Other. .

  • Death Benefit Should Employee die during the term of employment, the Company shall pay to Employee's estate any compensation due through the end of the month in which death occurred.

Time is Money Join Law Insider Premium to draft better contracts faster.