Notification of Intent to Retire Clause Samples

The Notification of Intent to Retire clause requires an employee to formally inform their employer of their decision to retire, typically within a specified notice period before their intended retirement date. This clause outlines the process for providing such notice, including the required format (such as written communication) and the timeline for submission. Its core practical function is to ensure both parties have adequate time to prepare for the transition, allowing the employer to plan for succession and the employee to manage their departure smoothly.
Notification of Intent to Retire. A. The member's choice of Option A and B requires notification of intent to the District by April 15 of the current year. B. Member's choice of Option C requires notification of intent to the District by the first day of the second semester of the current year. C. Notification must be provided to the District by June 15 of the current year for insurance if choosing either Option A or B.
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Notification of Intent to Retire st Faculty members will give at least six (6) months’ notice of their intent to retire to the appropriate Vice President (Vice President in which the faculty member reports) by February 1st or for retirements at the end of the Fall Semester notice will occur no later than June 1 . Should extenuating circumstances prevail, the above requirement shall be waived by the appropriate Vice President.
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Notification of Intent to Retire. Any employee wishing to retire must give written notice to the Township Administrator by November 1 of the preceding year in order for the township to make adequate provisions in the budget. This provision shall not apply to disability retirements. The governing body may also waive this requirement if they deem it to be in the best interest of the township to do so.
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Notification of Intent to Retire st Faculty members will give at least six (6) months’ notice of their intent to retire to the ▇▇▇▇▇▇▇ and Chief Student Services Officer) by February 1st or for retirements at the end of the Fall Semester notice will occur no later than June 1 . Should extenuating circumstances prevail, the above requirement shall be waived by the ▇▇▇▇▇▇▇ and Chief Student Services Officer.
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Notification of Intent to Retire. Effective September 1, 2007, an employee who is at maximum step, has served at least ten (10) consecutive years in the Bridgewater-Raynham Regional Schools, in the Bridgewater Schools, Raynham Schools and Bridgewater-Raynham Regional High School, and gives notice of his/her intent to retire under the provisions of Chapter 32 of the General Laws of Massachusetts, at the end of the school year or at the end of any subsequent school year, will receive an additional three (3%) percent of the base salary to which he/she is entitled in each of the two (2) school years next preceding his/her retirement date. The notice will be given in writing to the Superintendent of Schools not later than the December 1st next preceding the first of such two (2) years. An employee who gives such notice shall be deemed to have submitted his/her resignation to take effect on the day next following his/her announced retirement date if he/she shall not in fact have retired on such date.
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Notification of Intent to Retire. A. Professional employees who intend to retire in a given year of this agreement must provide written notice of their intent to retire at least sixty (60) days prior to the intended day of retirement unless a successor Professional Negotiations Agreement has not been reached and the professional employees provide notice of their possible intent to retire at the end of the final year of the agreement on or before June 1 of that year and subsequently provide irrevocable notice of retirement within thirty (30) days of their notice of intent. B. A retirement incentive will be provided to professional employees that qualify for the accumulated sick leave payment who provide irrevocable notice of retirement on or before January 31 of the retirement year or within thirty (30) days of providing intent to retire in accordance with paragraph A. The amount of the incentive will be $50 for all unused and accumulated sick days not already compensated in Section III of this Appendix if irrevocable notice of retirement is provided on or before January 31 of the retirement year and shall not exceed $8,000 ($15,000 in total when combined with accumulated sick leave payment). The amount of the incentive will be $40 for all unused and accumulated sick days not already compensated in Section III of this Appendix if irrevocable notice of retirement is provided after January 31 of the retirement year, but within thirty (30) days of providing a notice of intent in accordance with paragraph A and shall not exceed $6,400 ($13,400 in total when combined with accumulated sick leave payment). The provision for a retirement incentive for irrevocable notice of retirement after January 31 of the retirement year only applies to the final year of the Professional Negotiations Agreement. This incentive will be deposited into a 403(b) account on behalf of the employee.
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Notification of Intent to Retire. In the event a teacher makes the decision to retire, it is recommended that said teacher notify the District office of that decision as soon as it is made. If written notification of the intent to retire is presented on or before the last day of the first semester, an amount equal to four hundred dollars ($400.00) will be added to the one-time payment. If written notification is presented between the last day of the first semester and the fifteenth (15th) day of March, two hundred dollars ($200.00) will be added. No additional payment will be granted for notification received after March 15.
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Related to Notification of Intent to Retire

  • NOTIFICATION OF INTENTION TO AWARD This Notification of Intention to Award shall be sent to each Tenderer that submitted a Tender. Send this Notification to the Tenderer's Authorized Representative named in the Tender Information Form on the format below. 1. For the attention of ▇▇▇▇▇▇▇▇'s Authorized Representative I) Name: [insert Authorized Representative's name] ii) Address: [insert Authorized Representative's Address]

  • Confirmation of Intent The Depositor intends that the conveyance of the Depositor’s right, title and interest in and to the Mortgage Loans pursuant to this Agreement shall constitute a sale and not a pledge of security for a loan. If such conveyance is deemed to be a pledge of security for a loan, however, the Depositor intends that the rights and obligations of the parties to such loan shall be established pursuant to the terms of this Agreement. The Depositor also intends and agrees that, in such event, (i) the Depositor shall be deemed to have granted to the Trustee (in such capacity) a first priority security interest in the Depositor’s entire right, title and interest in and to the assets comprising the Trust Fund, including without limitation, the Mortgage Loans, all principal and interest received or receivable with respect to the Mortgage Loans (other than principal and interest payments due and payable prior to the Cut-Off Date and Principal Prepayments received prior to the Cut-Off Date), all amounts held from time to time in the Collection Account, the Distribution Account, the Excess Interest Distribution Account, the Interest Reserve Account and, if established, the Excess Liquidation Proceeds Reserve Account and the REO Account, and all reinvestment earnings on such amounts, and all of the Depositor’s right, title and interest in and to any Insurance Proceeds related to such Mortgage Loans and (ii) this Agreement shall constitute a security agreement under applicable law. This Section 12.08 shall constitute notice to the Trustee pursuant to any of the requirements of the applicable UCC.

  • Termination for Cause by The District The District may immediately terminate this Agreement for cause for any of the following reasons: A. Contractor has breached the terms of this Agreement and has failed to cure the default within ten (10) days of the delivery of the written notice of default as provided in this Agreement; B. Contractor, or any of its directors, officers, employees, agents, subcontractors, or any other persons employed or utilized by the Contractor in the performance of this Agreement, have engaged in or expressed an intent to engage in conduct that the District considers to pose an undue risk of causing personal injury to any person or property damage to any property; C. Contractor, or any of its directors, officers, employees, agents, subcontractors, or any other persons employed or utilized by the Contractor in the performance of this Agreement, is charged with a federal, state, or local crime (even if the allegations are ultimately proven to be untrue) or is convicted of a federal, state, or local crime, other than a misdemeanor traffic violation; D. Contractor, or any of its directors, officers, employees, agents, subcontractors, or any other persons employed or utilized by the Contractor in the performance of this Agreement, is alleged to have committed professional malpractice or violated any professional code of conduct applicable to Contractor (even if the allegations are ultimately proven to be untrue) or has been determined by a court of law, professional association, or government agency, to have committed professional malpractice or violated a professional code of conduct applicable to Contractor; or E. Contractor, or any of its directors, officers, employees, agents, subcontractors, or any other persons employed or utilized by the Contractor in the performance of this Agreement, is alleged to have to have engaged in the sexual harassment or sexual abuse of any person or alleged to have violated any federal, state, or local employment laws (even if such allegations are ultimately proven to be untrue) or is determined by a court of law or government agency to have actually engaged in sexual harassment or sexual abuse or to have actually violated a federal, state, or local employment law. For the purposes of this Agreement, sexual harassment shall be defined as: “Unwelcome sexual advances, requests for sexual favors, and all other verbal or physical conduct of a sexual or otherwise offensive nature, especially when 1) submission to such conduct is made either explicitly or implicitly a term or condition of employment; 2) submission to or rejection of such conduct is used as the basis for decisions affecting an individual’s employment; or 3) such conduct has the purpose or effect of creating an intimidating, hostile, or offensive working environment.”

  • Transition to Retirement 24.1 An Employee may advise their Employer in writing of their intention to retire within the next five years and participate in a retirement transition arrangement. 24.2 Transition to retirement arrangements may be proposed and, where agreed, implemented as: (a) a flexible working arrangement (see clause 16 (Flexible Working Arrangements)); (b) in writing between the parties; or (c) any combination of the above. 24.3 A transition to retirement arrangement may include but is not limited to: (a) a reduction in their EFT; (b) a job share arrangement; or (c) working in a position at a lower classification or rate of pay. 24.4 The Employer will consider, and not unreasonably refuse, a request by an Employee who wishes to transition to retirement: (a) to use accrued Long Service Leave (LSL) or Annual Leave for the purpose of reducing the number of days worked per week while retaining their previous employment status; or (b) to be appointed to a role which that has a lower hourly rate of pay or hours (post transition role), in which case: (i) the Employer will preserve the accrual of LSL at the time of reduction in salary or hours; and (ii) where LSL is taken or paid out in lieu on termination, the Employee will be paid LSL hours at the applicable classification and grade, and at the preserved hours, prior to the post transition role until the preserved LSL hours are exhausted.

  • Termination of Insurance A. Your policy will lapse if you do not pay your premium when due. B. We may cancel your policy by mailing written notice to you at your most recent address in our records. We will send you this notice ten (10) days before we cancel your policy. C. You may cancel your policy at any time by notifying us in writing. D. We will refund unearned premiums on a prorated basis if either you or we cancel your policy.