Termination/Retirement Clause Samples

Termination/Retirement. Upon termination or retirement, purchased vacation hours not used will be reimbursed to the employee at the original rate the employee paid for the allocation.
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Termination/Retirement. Employees who leave the College or retire are eligible to continue medical/dental benefits through the federal COBRA laws. Other conversions for life insurance may be available. Full information about State Employee Benefits Board (SEBB) benefits and retirement will be made available in the Human Resources Office.
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Termination/Retirement. Employees who leave BTC, or who are laid off, or retire are eligible to continue medical/dental benefits in accordance with the federal COBRA laws. Other conversions for life insurance may be available. Full information about PEBB benefits is available in the Human Resources Office.
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Termination/Retirement. (a) This Agreement is subject to the Company’s Severance Plan, attached hereto. Subject to Sections 14 (b), (c), or (d) below, in the event that the Executive’s employment with the Company terminates for any reason, including but not limited to, by the Company for Cause or by the Executive without Good Reason, then any unvested RSUs shall be forfeited and all of the Executive’s rights hereunder with respect to such unvested RSUs shall cease as of the effective date of termination (the “Termination Date”). (b) All RSUs granted hereunder shall become immediately fully vested as of the Termination Date and settled in accordance with Section 14 e if the Executive’s employment with the Company shall be terminated: (i) by the Company due to, or during, the Executive’s Disability or due to the Executive’s death; or (ii) by the Company without Cause following a Change in Control, or by the Executive with Good Reason following a Change in Control, subject in each case to the execution of a Release Agreement between the Executive and the Company. (c) Subject to the execution and effectiveness of a Release Agreement between the Executive and the Company, if the Executive’s employment with the Company is terminated by the Company without Cause or by the Executive with Good Reason not following a Change in Control, then: (i) the Executive shall immediately vest in the number of unvested RSUs under Section 2(a) of this Agreement at the “Target” level of performance on Corporate Objectives as set forth in Section 2(a); and (ii) provided that the Executive’s Termination Date is in the final year of the Performance Period, the Executive shall be eligible to vest in the unvested RSUs under Section 2(b) of this Agreement based on the Company’s actual performance on Relative NAREIT TSR during Performance Period as determined by the Committee. (d) If the Executive’s employment with the Company is terminated due to Executive’s Retirement, then (i) unvested RSUs under Section 2(a) of this Agreement that may have vested based on Corporate Objectives shall be forfeited and all of the Executive’s rights hereunder with respect to such unvested RSUs shall cease as of the Termination Date, unless otherwise determined by the Committee in its sole discretion; and (ii) provided that the Executive’s Termination Date is in the final year of the Performance Period, then the Executive shall be eligible to vest in the unvested RSUs under Section 2(b) of this Agreement based on the Company’s a...
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Termination/Retirement. (a) Each permanent Child Protection Worker will give one (1) month's notice in writing of termination of employment, unless there are exceptional circumstances, in which case the Executive Director may, at their option, accept a written notice of termination that is less than one (1) month. The Executive Director may, at their option, make payment in lieu of all or part of such notice being worked out. (b) Each permanent employee other than Child Protection Workers will give at least two (2) weeks' notice in writing, unless there are exceptional circumstances, in which case the Executive Director may, at their option, accept a written notice of termination that is less than two (2) weeks. The Executive Director may, at their option, make payment in lieu of all or part of such notice being worked out. (c) Any part of a vacation period shall not be considered part of the notice to the Society as mentioned in paragraphs (a) and (b) of this section. (d) Any employee still on probation may terminate employment with one (1) week's notice in writing.
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Termination/Retirement. Lay-off; Redundancy; Resignation; Severance 20 Re-engagement after Retirement 20 Long Service Awards 20 Staff Meals 20 Traveling on Duty 21 Out of Station Allowance 21 Medical Treatment 21 Acting Allowance 22 Social Security Fund 22 Certificate of Service Bonus. Dispute Resolution Pandemic or Epidemic or Calamity Situation Section 55. Section. 56 Section. 57. Salary Review Migrant Workers Governing Law THE COMPANY/ORGANIZATION This Collective Bargaining Agreement made on this......... day of , 20…….
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Termination/Retirement. Age or retirement whichever comes earlier The cost will be shared between the Company and the employees on an basis with the employee’s contribution payable by payroll deduction. Subject to the eligibility and entitlement provisions of the plan document, all employees will contribute except who provide proof of coverage under another dental plan. Payments with respect to dental claims will only be paid to the employees i.e. cannot be assigned a dentist. The company will pay vision care costs for employees and their dependents as follows: Vision Care Coinsurance Overall months Overall months months months Eye exams /year /year Due to Layoff: Employees‘ life insurance, accidental death and dismemberment, major medical, supplemental hospital (including drug plan) and continue until the last day of the third month following the date of layoff. Should an employee be recalled after the benefit period expires, then payment for premiums is restored immediately. However, should an employee be in arrears on dental premiums or coverage, such arrears (subject to approval of will be deducted from an employee’s Due to Disability: Employees' life insurance, accidental death and dismemberment, major medical, supplemental hospital (including drug plan) and will continue until the last day of the month in which the employee ceases to become eligible for Weekly Indemnity Benefits, or in the case of Workers' Compensation, as required by the Workplace Safety and Insurance Act. However, should an employee be in arrears on dental premiums or coverage, such arrears will be deducted from an employee's pay. of If you leave the Company, all insurance will be terminated. However, you may convert your Group Life Insurance to any of the regular policies (Term Insurance excepted) issued by the Insurance Company, without a medical examination. However, you must make application for conversion within days of the date of termination of employment. Should death occur during this day period following termination of employment, the life insurance will be paid to your bene a Employees will join the and cease to belong in accordance with the Ontario Law. The Company will contribute of the premium commencing with payment due on the first day of the month following the month in which the employee completes probationary period.
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Termination/Retirement. Upon termination or retirement, ▇▇▇▇ Chief will be paid his accrued and unused vacation leave.
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Termination/Retirement. ‌ Bargaining Unit employees will not be paid for accumulated sick leave or disability sick leave upon termination or retirement.
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Related to Termination/Retirement

  • TERMINATION UPON RETIREMENT Termination of Executive’s employment based on “

  • Disability Retirement If, as a result of your incapacity due to physical or mental illness, You shall have been absent from the full-time performance of your duties with the Company for 6 consecutive months, and within 30 days after written notice of termination is given You shall not have returned to the full-time performance of your duties, your employment may be terminated for "Disability." Termination of your employment by the Company or You due to your "Retirement" shall mean termination in accordance with the Company's retirement policy, including early retirement, generally applicable to its salaried employees or in accordance with any retirement arrangement established with your consent with respect to You.

  • Death, Retirement or Disability Executive’s employment shall terminate automatically upon Executive’s death or Retirement during the Employment Period. For purposes of this Agreement, “Retirement” shall mean normal retirement as defined in the Company’s then-current retirement plan, or if there is no such retirement plan, “Retirement” shall mean voluntary termination after age 65 with ten years of service. If the Company determines in good faith that the Disability of Executive has occurred during the Employment Period (pursuant to the definition of Disability set forth below), it may give to Executive written notice of its intention to terminate Executive’s employment. In such event, Executive’s employment with the Company shall terminate effective on the 30th day after receipt of such written notice by Executive (the “Disability Effective Date”), provided that, within the 30 days after such receipt, Executive shall not have returned to full-time performance of Executive’s duties. For purposes of this Agreement, “Disability” shall mean a mental or physical disability as determined by the Board of Directors of the Company in accordance with standards and procedures similar to those under the Company’s employee long-term disability plan, if any. At any time that the Company does not maintain such a long-term disability plan, “Disability” shall mean the inability of Executive, as determined by the Board, to perform the essential functions of his regular duties and responsibilities, with or without reasonable accommodation, due to a medically determinable physical or mental condition which has lasted (or can reasonably be expected to last) for twelve workweeks in any twelve-month period. At the request of Executive or his personal representative, the Board’s determination that the Disability of Executive has occurred shall be certified by two physicians mutually agreed upon by Executive, or his personal representative, and the Company. Failing such independent certification (if so requested by Executive), Executive’s termination shall be deemed a termination by the Company without Cause and not a termination by reason of his Disability.

  • Normal Retirement Normal Retirement Age under the Plan is: (Choose (a) or (b)) [X] (a) 65 [State age, but may not exceed age 65].

  • Retirement, Death or Disability If the Executive’s employment terminates during the Term of this Agreement due to his death, a disability that results in his collection of any long-term disability benefits, or retirement at or after age 62, the Executive (or the beneficiaries of his estate) shall be entitled to receive the compensation and benefits that the Executive would otherwise have become entitled to receive pursuant to subsection (d) hereof upon a resignation without Good Reason.