Common use of Basic Program Clause in Contracts

Basic Program. Each teacher with a minimum of fifteen (15) consecutive years' service in the district shall, upon resignation for the purpose of retirement, or resignation due to illness or death, receive payment of four hundred dollars ($400) for each year's service to the district. In the event of death, the full service credit remuneration will be paid to the beneficiary of the teacher.

Basic Program. Each teacher with a minimum of fifteen (15) consecutive years' service in the district shall, shall upon resignation for the purpose of retirement, or resignation due to illness or death, receive payment of four hundred dollars ($400) for each year's service to the district. In the event of death, the full service credit remuneration will be paid to the beneficiary of the teacher.