Common use of Retirement Incentive Clause in Contracts

Retirement Incentive. X. Xxxxxxxx Those teachers eligible (as defined by article XXI. C.) for retirement by March 1st of the current school year may receive the following incentive based on current sick leave accumulation. Eligibility Rate Limits Maximum Payout 10 Years of Service less than 100 = $45 per day 100 Days $4,500 100 – less than 200 = $70 per day 200 Days $14,000 200 – 250 = $95 per day 250 Days $23,750

Retirement Incentive. X. Xxxxxxxx A. Eligible Those teachers eligible (as defined by article XXI. C.) for retirement by March 1st of the current school year may receive the following incentive based on current sick leave accumulation. Eligibility Rate Limits Maximum Payout 10 Years of Service less than 100 = $45 per day 100 Days $4,500 100 – less than 200 = $70 per day 200 Days $14,000 200 – 250 = $95 per day 250 Days $23,750

Retirement Incentive. X. Xxxxxxxx A. Eligible Those teachers eligible (as defined by article XXI. C.) for retirement by March 1st of the current school year may receive the following incentive based on current sick leave accumulation. Eligibility Rate Limits Maximum Payout 10 Years of Service less than 100 = or less= $45 40 per day 100 Days $4,500 100 4,000 101 – less than 200 = $70 per day 200 Days $14,000 200 201 – 250 = $95 per day 250 Days $23,750

Retirement Incentive. X. Xxxxxxxx A. Eligible Those teachers eligible (as defined by article XXI. C.) for retirement by March 1st of the current school year may receive the following incentive based on current sick leave accumulation. Eligibility Rate Limits Maximum Payout 10 Years of Service less than 100 = $45 40 per day 100 Days $4,500 4,000 100 – less than 200 = $70 per day 200 Days $14,000 200 – 250 = $95 per day 250 Days $23,750

Retirement Incentive. X. Xxxxxxxx Those teachers eligible (as defined by article XXI. C.) for retirement by March 1st of the current school year may receive the following incentive based on current sick leave accumulation. Eligibility Rate Limits Maximum Payout 10 Years of Service less than 100 = or less= $45 40 per day 100 Days $4,500 100 4,000 101 – less than 200 = $70 per day 200 Days $14,000 200 201 – 250 = $95 per day 250 Days $23,750