Reduction From Full-Time to Part-Time Employment (▇▇▇▇▇▇ ▇▇▇▇▇ Sample Clauses

Reduction From Full-Time to Part-Time Employment (▇▇▇▇▇▇ ▇▇▇▇▇. 21.5.1. The school district may enter into an agreement with unit members who are qualified certificated employees and who wish to reduce their workload from full-time to part-time duties to assist in phasing into their retirement. 21.5.2. The unit member shall be paid a salary which is the pro rata share of the salary he/she would be earning had he/she not elected to exercise the option of part- 21.5.3. The unit member shall receive health benefits as provided in Section 53201 of the Government Code in the same manner as a full-time unit member. For those individuals accepted into the program, the district and the unit member shall contribute to the Teachers' Retirement Fund the amount that would have been contributed if the unit member was employed on a full-time basis. 21.5.4. In order to participate in this program, the unit member must meet the following criteria: 21.5.4.1. The unit member must tender his/her resignation to be effective at the conclusion of the program but in no case greater than a ten year period for a STRS retiree, and a five-year period for a PERS retiree. The effective date of resignation may be shortened by mutual agreement between the individual and the district superintendent. 21.5.4.2. The option of part-time employment must be exercised at the request of the unit member and can be revoked only with the mutual consent of the District and the unit member. By mutual agreement of the District and the unit member, the provisions of the program can be increased or decreased within the code limitations. 21.5.4.3. The unit member must have reached the age of fifty-five (55) prior to the school year or term in which the reduction in workload starts. 21.5.4.4. The unit member must have been employed full-time in a position requiring certification for at least ten (10) years of which the immediately preceding five (5) years were full-time employment. 21.5.4.5. This program is limited to pre-kindergarten through grade twelve (12) unit members who do not hold positions with salaries above that of a school principal. 21.5.4.6. Unit members who retire into PERS may not participate after age 70. Those individuals who reach age 70 during the school year may continue through the school year. 21.5.4.7. The District and the unit member shall agree to make the appropriate contributions to the applicable Retirement System equal to the amount required of a full-time unit member. 21.5.5. The minimum part-time employment shall be the equivalent of on...
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Related to Reduction From Full-Time to Part-Time Employment (▇▇▇▇▇▇ ▇▇▇▇▇

  • Regular Full-Time Employee A regular full-time employee is one who works full-time on a regularly scheduled basis. Regular full-time employees accumulate seniority on an hourly basis and are entitled to all benefits outlined in this Collective Agreement.

  • Separation from Employment You will, upon separation from employment with the Company and its subsidiaries for any reason (such as termination, resignation, death or disability) (each, a “Separation”), receive such salary and other benefits as have accrued as of the date and time of Separation, and as may otherwise be required by law, as well as such Salary, bonuses and benefits as may be due and owing under this Agreement. Notwithstanding the forgoing, in the event that the Company determines in good faith that your Separation is not considered a “separation from service” under Treasury Regulation § 1.409A-1(h) because (a) you have not separated but have changed status to a part time employee, consultant or independent contractor performing more than 20% of the average level of bona fide services (whether as an employee, consultant or independent contractor) you performed over the immediately preceding 36-month period, or (b) you are continuing employment with another entity that is considered a single entity with the Company (“Employer Group”) under Section 414(b) or (c) of the Internal Revenue Code of 1986, as amended (the “Code”), any Severance Benefits to which you may be entitled under other provisions of this Agreement shall begin immediately when your status changes such that the Company determines that you have “separated from service” under Treasury Regulation § 1.409A-1(h). For this purpose, service performed as an employee or as an independent contractor is counted, except that service as a member of the board of directors of a member of the Employer Group is not counted unless termination benefits under this Agreement are aggregated for purposes of Section 409A of the Code with benefits under any other Employer Group plan or agreement in which you also participate as a director. Notwithstanding any provisions of this Agreement to the contrary, if you are a “specified employee” (within the meaning of Section 409A of the Code and determined pursuant to procedures adopted by the Company) at the time of your separation from service and if any portion of the payments or benefits to be received by you upon separation from service would be considered deferred compensation under Section 409A of the Code, amounts that would otherwise be payable pursuant to this Agreement during the six-month period immediately following your separation from service shall instead be paid or made available, with interest at the Wall Street Journal prime rate as of the date of separation from service, on the earlier of (i) the first business day of the seventh month following the date of your separation from service or (ii) your death.

  • Deductions from Sick Leave A deduction shall be made from accumulated sick leave of all normal working days (exclusive of holidays) absent for sick leave.

  • Full-Time Employment Employees who are employed on a full-time basis will work 38 ordinary hours each week or an average of 38 ordinary hours each week over a cycle of shifts.

  • Regular Full-Time Employees A regular full-time employee is one who works full-time on a regularly scheduled basis. Regular full-time employees accumulate seniority and are entitled to all benefits outlined in this Collective Agreement.