Amount of Pay. The product of this multiplication will be the number of severance days to be paid to the employee upon retirement based on the days accumulated according to 8-8-2 and 8-8-3 times the daily rate.
Amount of Pay. Days accumulated toward severance pay as noted in 13-10-2, 13-10-3 and 13-10-4 shall be the product of this multiplication and will be the number of days of severance pay to be paid to the teacher upon retirement.
Amount of Pay. Days accumulated toward severance pay as noted in 11-1-2, 11-1-3, and 11-1-4 shall be multiplied by the daily rate of pay.
Amount of Pay. Employees who are called back will be paid for all hours worked at one and one-half (1- 1/2) times their straight time rate or for a minimum of three (3) hours at one and one-half times (1-1/2) their straight time rate, whichever is greater. If, at the commencement of the call-back period, the employee has more than forty (40) hours for the workweek that are considered hours worked for overtime purposes, the time actually worked on call- back is paid at the rate of one and one half (1-1/2) times straight time pay.
Amount of Pay. Excluding the five (5) day waiting period, the amount of the payments shall be 85% or 60% (as described above) of the base hourly rate plus COLA, to include shift differential for base scheduled hours, not to exceed eight (8) hours for workday (40 hours/week). Benefits will be paid by a combination of insurance through the Company's short term disability carrier and salary continuation. An employee on short term disability leave will revert to an 8/hr day 40/hr/wk schedule during the leave. All disability payments provided for in this Contract shall be reduced by the amount or amounts of any other benefits which might be provided through state or federal legislation for the same type of disability and for the same period of absence. Above sets forth major provisions of the coverage. The plan certificate provides coverage details and guidance and is binding. The Company shall not eliminate nor shall they provide less than substantially equivalent benefits, subject to availability of such plan, unless they notify the Union in accordance with applicable federal and state law.
Amount of Pay. Payment for Sick Leave days shall be for an eight (8) hour day, except as otherwise provided for those employees assigned to a four (4) ten (10) hour work week.
Amount of Pay. Payment for sick leave days shall be for a four (4) hour day.
Amount of Pay. In determining the amount of the Separation Pay, the following calculation will be used: Two (2) weeks (80 hours) pay per complete year of continuous service. The minimum Separation Pay shall be two (2) week’s pay. The maximum Separation Pay shall be 78 weeks of pay. A "Week’s Pay" shall be based on 40 hours per week at the hourly rate of pay in effect on the layoff date (excluding shift premium). Where an employee has worked for at least 26 weeks in the 12-month period immediately preceding the date of his layoff in a job classification at the higher rate than the job classification he held at the time of layoff, his separation pay will be computed on the basis of the higher hourly rate.
