Examples of Severance Plan in a sentence
Effective January 1, 2015, employees providing six (6) months notification, the maximum amount of money the employee may obtain through the Severance Plan from the combination of early notification incentive and pay for unused sick leave is $26,500.
Effective December 1, 2008, employees who meet eligibility requirements of 13.2 of this Article and who complete, sign and submit a Resignation Notice form to the Director of Human Resources six (6) months in advance of the date of retirement will receive a District contribution of $3,500 to the Severance Plan.
Employees who meet eligibility requirements of 13.2 of this Article and who complete, sign and submit a Resignation Notice form to the Director of Human Resources three months prior to retirement will receive a District contribution of $2,500 to the Severance Plan.
For employees providing less that six (6) months notification, the maximum amount of money the employee may obtain through the Severance Plan from the combination of early notification incentive and pay for unused sick leave is $22,500.
Payment for earned, unused vacation shall be made to the Severance Plan.