Common use of Termination Assumption Clause in Contracts

Termination Assumption. It is assumed that an employee terminates employment at the end of the school year in which the employee has accumulated a minimum of twenty (20) years creditable teaching experience and at least fifteen (15) years teaching service with ▇▇▇▇▇▇- ▇▇▇▇▇▇▇▇ Special Education Cooperative, and the employee is fifty-five (55) years of age during the calendar year of retirement The Termination Assumption shall be calculated using the Sarinson T3 Actuarial Table.

Termination Assumption. It is assumed that an employee terminates employment at the end of the school year in which the employee has accumulated a minimum of twenty (20) years creditable teaching experience and at least fifteen (15) years teaching service with ▇▇▇▇▇▇- ▇▇▇▇▇▇▇▇ Special Education Cooperative, and the employee is Is fifty-five (55) years of age during the calendar year of retirement The Termination Assumption shall be calculated using the Sarinson T3 Actuarial Table.