Special Arrangements and Early Retirement Sample Clauses

Special Arrangements and Early Retirement a) The Employer may propose a plan to an Employee or to a group of Employees whereby the Employee(s) employment may be discontinued in accordance with a special arrangement, including a suitable financial settlement. Any offer shall be without prejudice. An Employee may submit a request to the Employer to initiate such an arrangement.
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Special Arrangements and Early Retirement. The University may propose a plan to an APT member or to a group of members whereby the member(s) employment may be discontinued in accordance with a special arrangement, including a suitable financial settlement. Any offer shall be without prejudice. A member may submit a request to the University to initiate such an arrangement. The University will keep the Faculty Association and the membership who are eligible for such an arrangement apprised of the basic terms of the arrangement, with the understanding that there may be some flexibility in order to provide for the particular needs of individuals.
Sample 1Sample 2Sample 3
Special Arrangements and Early Retirement. The University may propose a plan to an APT member or to a group of members whereby the member(s) employment may be discontinued in accordance with a special arrangement, including a suitable financial settlement. Any offer shall be without prejudice. A member may submit a request to the University to initiate such an arrangement. The University will keep the Faculty Association and the membership who are eligible for such an arrangement apprised of the basic terms of the arrangement, with the understanding that there may be some flexibility in order to provide for the particular needs of individuals. Early retirement is considered to be retirement before the normal retirement date as set out in the pension plan where the employee has either attained age 55 and completed 3 years of continuous service or where prior to age 55, the employee’s age plus years of continuous service equals at least 80.
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Related to Special Arrangements and Early Retirement

  • Benefits on Early Retirement The Hospital will provide equivalent coverage to all employees who retire early and have not yet reached age 65 and who are in receipt of the Hospital’s pension plan benefits on the same basis as is provided to active employees for semi-private, extended health care and dental benefits. The Hospital will contribute the same portion towards the billed premiums of these benefits plans as is currently contributed by the Hospital to the billed premiums of active employees.

  • Early Retirement An employee entitled to twenty-five (25) or more days of annual vacation shall be entitled to defer up to five (5) days per year of vacation into an Early Retirement Bank. An employee entitled to thirty (30) or more days of annual vacation shall be entitled to defer up to ten (10) days per year of vacation into an Early Retirement Bank. Such deferred vacation may only be taken immediately prior to retirement. The Employer may, at its sole discretion, permit an employee to use such banked vacation under other circumstances.

  • Early Retirement Benefits If elected in the Adoption Agreement, an Early Retirement benefit may be available to individuals who meet the age and Service requirements that are specified in the Adoption Agreement. A Participant who attains his or her Early Retirement Date will become fully vested, regardless of any vesting schedule which otherwise might apply. If a Participant separates from Service with a nonforfeitable benefit before satisfying the age requirements, but after having satisfied the Service requirement, the Participant will be entitled to elect an Early Retirement benefit upon satisfaction of the age requirement.

  • Pre-Retirement Leave An employee scheduled to retire and to receive a superannuation allowance under the applicable Superannuation Act(s), or who has reached the mandatory retiring age, shall be entitled to:

  • Non-Retirement Savings Accounts An account maintained in the Cayman Islands (other than an insurance or Annuity Contract) that satisfies the following requirements under the laws of the Cayman Islands.

  • PENSIONS AND RETIREMENT 13.01(a) All employees enrolled in the Ontario Municipal Retirement System (OMERS) as of January 1, 1998, shall continue to participate in the OMERS plan.

  • Vacation Pay on Retirement Termination is as follows:

  • EARLY RETIREMENT INCENTIVE PLAN 1. The Board will pay an allowance to continuing contract teachers who retire from teaching in the District under the Teachers' Pension Plan, before reaching age sixty (60), subject to the following conditions: The teacher must:

  • 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:

  • Retirement Leave (a) Full-time nurses who:

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