Transition Year Sample Clauses
The Transition Year clause defines a specific period during which parties adjust from an old arrangement to a new one, often following a significant change such as the start of a new contract or regulatory regime. During this year, certain obligations, pricing, or operational procedures may be modified or phased in to ease the transition, such as allowing for temporary exceptions or gradual implementation of new terms. Its core practical function is to provide a buffer period that minimizes disruption and allows both parties to adapt smoothly to new requirements or conditions.
Transition Year. This Section 12.05(B) applies if as a result of a transaction or similar event a Participating Employer ceases to be a Related Employer in the middle of a Plan Year. In such a situation the Plan Administrator may perform the tests described in Section 12.05(A) (1) as though the Plan Year consisted of two Plan Years, before and after the transaction; or (2) on the basis of a single Plan Year, taking all for each Participating Employer the Employees of Related Employers before the transaction, and disregarding Employees who are not Employees of Related Employers after the transaction.
Transition Year. The sponsoring entities shall make their new board appointments as soon as possible after the effective date of this agreement. The terms of office for all trustees in office on the existing nine-member board on the effective date of this agreement shall terminate on the 1st day of March, 2011. Each sponsoring agency shall designate one of their new appointees to serve until December 31, 2012, and the nominee of the County Judge and Chair of the Hospital District Board shall serve until December 31, 2012. All other new appointees shall serve until December 31, 2013.
Transition Year. 12.11(A) ▇▇▇▇ Deferral. 1.20(B) Trust. 1.63
Transition Year. Revised and Ratified May 23, 2017
a. State laws governing the Public Employees’ Retirement Association (PERA) allow an employee to retire with PERA benefits while working for the district after retirement. Following a one calendar month break of employment, a ▇▇▇▇ retiree may work a specified number of days or hours according to PERA restrictions. (See for details)
b. A transition year may occur in the year immediately following the contract year in which an employee retires. An employee must be PERA eligible and submit documentation provided by PERA of such eligibility at the time of application, for example, ▇▇▇▇’s Benefit Estimate.
c. The employee shall submit an Education Support Professional Transition Application, Appendix D, to the director of human resources by January 15th. The employee may rescind the transition application, in writing, no later than March 31st.
d. If the building principal or supervising administrator has determined, and the superintendent/designee concurs, that the Education Support Professional Transition Application should be forwarded to the Board of Education for approval, the employee will be recommended for the position and the position will not be advertised.
e. The board shall act on the transition application not be approved, the application is considered to be null and void.
f. Retirees in a transition year are not eligible for benefits. Paid holidays are considered a benefit.
g. Per Colorado PERA regulations, all remaining eligible leave for an employee will be paid out upon retirement. During the transition year the retiree will be granted five (5) sick leave days per academic semester. If unforeseen medical circumstances arise, the retiree may request to use their second semester sick leave allocation (in part or full) early by submitting a written request to their supervisor. The supervisor will respond to the request in writing within two (2) working days. If these sick leave days are not used during the transition year, there are no additional payouts at the end of the transition year.
h. The retiree shall not be covered by any section of the Master Agreement except Section 2- Transition Year of Article 16.
i. The retiree shall receive a transition year contract, which places the employee on the same salary step as the year prior to the start of the transition year. This contract shall include an unconditional resignation at the end of the transition year contract and continue an at-will employment status during...
Transition Year. Year One (1) of this Lease (January 1, 2005 - December 31, 2005) shall be a transition year. Landlord and Tenant acknowledge the following:
(1) Equipment belonging to ▇▇▇▇ Fabrics Corporation and/or affiliated entities (together referred to as "the ▇▇▇▇ Equipment") is presently located in the Premises;
(2) ▇▇▇▇ is currently in the process of relocating some of the ▇▇▇▇ Equipment to other ▇▇▇▇ locations and selling the remainder of the ▇▇▇▇ Equipment to third parties;
(3) Until the ▇▇▇▇ Equipment is removed from the Premises, prospective purchasers will be viewing the ▇▇▇▇ Equipment and riggers will be disassembling and removing ▇▇▇▇ Equipment from the Premises in accordance with the schedule set forth in Exhibit B-1 attached hereto and incorporated herein (the "Delivery Schedule");
(4) The ▇▇▇▇ Equipment shall be removed from the Premises in accordance with the Delivery Schedule.
Transition Year. NCQA Patient-Centered Medical Home Recognition: The Practice shall demonstrate substantial efforts to achieve and maintain Level 2 recognition as defined by the NCQA – Patient-Centered Medical Home version Standards (“NCQA-PCMH standards”), by the end of the Transition Year in order to receive the compensation as outlined in Section VIII. Compensation. If level 2 recognition is not achieved, the Practice will work with CSI-RI Project Management to make a plan for resubmission in six (6) months. If after the second submission, the Practice fails to achieve level 2 recognition, continued participation in the CSI-RI Project shall be reviewed and determined by voting members of the CSI-RI Executive Committee. Upon completion of the evaluation, the Provider shall disclose to CSI-RI Management all content and scoring related to the evaluation.
Transition Year. In order to provide transition from the schedules of salary payments in effect during the 2002-03 year to the schedules to be come effective for the 2004-05, the Parties agree to the following schedules and dates of salary payment for the 2003-04 year.
Transition Year. Vacation leave accrual rates will be adjusted on the first day of the month in which an employee will be eligible for additional vacation leave. Employees are eligible for additional vacation leave on the 5th, 10th, or 20th anniversary of hire, subject to adjustment in accordance with Section 11.3.3 above.