Common use of Accumulated Leave Days Clause in Contracts

Accumulated Leave Days. All the unused leave days shall be added at the end of each fiscal year to the employee’s leave day reserve, provided that such leave day reserve shall not exceed a total of one hundred eighty (180) days. Said leave day reserve may be used for reasons 1, 2 and 3 above and/or as a basis for calculating severance pay of one half of a maximum of eighty (80) days of accumulated leave upon termination of employment in the Xxxx School District, providing the employee has five or more years of active service with the District. In addition, an employee who is leaving employment with the District for purposes of immediately activating his/her retirement from the Michigan Public School Employees Retirement System, shall be eligible to accrue and calculate severance pay on an additional twenty (20) leave days upon termination of employment. Said leave day accrual and severance calculation shall be done on the same basis as the first eighty (80) leave days. Severance pay will not be paid in cases where two weeks’ notice of leaving was not given or where illegal conduct by the employee is involved. In case of death, the employee’s beneficiary or beneficiaries as stated on the retirement card shall receive all benefits due the employee. Terminal Pay. All bargaining unit employees who retire with ten or more years of service in Xxxx shall, at their option, be paid terminal pay as set forth below in lieu of severance pay for accumulated sick leave. An employee who opts to receive severance pay for accumulated sick leave shall not be eligible for terminal pay. 10-14 years of service - $1,000.00 15-19 years of service - $100/year of service 20 or more years of service - $150/year of service In case of death, an employee’s beneficiary shall be paid the employee’s severance pay for one half of a maximum of eighty (80) days of accumulated sick leave or the employee’s terminal pay, whichever is greater.

Accumulated Leave Days. All the unused leave days shall be added at the end of each fiscal year to the employee’s leave day reserve, provided that such leave day reserve shall not exceed a total of one hundred eighty (180) days. Said leave day reserve may be used for reasons 1, 2 and 3 above and/or as a basis for calculating severance pay of one half of a maximum of eighty (80) days of accumulated leave upon termination of employment in the Xxxx School District, providing the employee has five or more years of active service with the District. In addition, an employee who is leaving employment with the District for purposes of immediately activating his/her retirement from the Michigan Public School Employees Retirement System, shall be eligible to accrue and calculate severance pay on an additional twenty (20) leave days upon termination of employment. Said leave day accrual and severance calculation shall be done on the same basis as the first eighty (80) leave days. Severance pay will not be paid in cases where two weeks’ notice of leaving was not given or where illegal conduct by the employee is involved. In case of death, the employee’s beneficiary or beneficiaries as stated on the retirement card shall receive all benefits due the employee. Terminal Pay. All bargaining unit employees who retire with ten or more years of service in Xxxx shall, at their option, be paid terminal pay as set forth below in lieu of severance pay for accumulated sick leave. An employee who opts to receive severance pay for accumulated sick leave shall not be eligible for terminal pay. 10-14 years of service - $1,000.00 15-19 years of service - $100/year of service 20 or more years of service - $150/year of service In case of death, an employee’s beneficiary shall be paid the employee’s severance pay for one half of a maximum of eighty (80) days of accumulated sick leave or the employee’s terminal pay, whichever is greater.

Accumulated Leave Days. All the unused leave days shall be added at the end of each fiscal year to the employee’s leave day reserve, provided that such leave day reserve shall not exceed a total of one hundred eighty (180) days. Said leave day reserve may be used for reasons 1, 2 and 3 above and/or as a basis for calculating severance pay of one half of a maximum of eighty (80) days of accumulated leave upon termination of employment in the Xxxx School District, providing the employee has five or more years of active service with the District. In addition, an employee who is leaving employment with the District for purposes of immediately activating his/her retirement from the Michigan Public School Employees Retirement System, shall be eligible to accrue and calculate severance pay on an additional twenty (20) leave days upon termination of employment. Said leave day accrual and severance calculation shall be done on the same basis as the first eighty (80) leave days. Severance pay will not be paid in cases where two weeks’ notice of leaving was not given or where illegal conduct by the employee is involved. In case of death, the employee’s beneficiary or beneficiaries as stated on the retirement card shall receive all benefits due the employee. Terminal Pay. All bargaining unit employees who retire with ten or more years of service in Xxxx Troy shall, at their option, be paid terminal pay as set forth below in lieu of severance pay for accumulated sick leave. An employee who opts to receive severance pay for accumulated sick leave shall not be eligible for terminal pay. 10-14 years of service - $1,000.00 15-19 years of service - $100/year of service 20 or more years of service - $150/year of service In case of death, an employee’s beneficiary shall be paid the employee’s severance pay for one half of a maximum of eighty (80) days of accumulated sick leave or the employee’s terminal pay, whichever is greater.