Amount of School District Contribution. Subd. 1. Full-time Employees: Full-time, eligible employees, shall be eligible for an annual School District matching contribution of up to $1,500 per year as follows: For each hour of accumulated sick leave in excess of four hundred (400) hours, the employee may elect to receive an amount equal to the employee’s current rate of pay times the accumulated sick leave hours in excess of four hundred (400) hours in matching deferred compensation. All hours applied to this provision shall be deducted from the employee’s accumulated sick leave.
Appears in 7 contracts
Samples: Master Agreement, Master Agreement, Master Agreement
