- C and M and S. Any employee hired prior to the date the 2007-2010 agreement was signed who retires in compliance with Social Security Regulations, even though not thereafter an employee, shall be carried on the Employer payroll until his/her audited accrued credited sick leave and vacation leave shall be fully paid. An employee hired prior to the date the 2007-2010 Agreement was signed may choose lump sum payment of his/her audited accrued credited sick leave and vacation leave in lieu of being carried on the Employer’s payroll. In either case, the employee shall be required to give notice by March 1 of the school year in which the retirement shall occur. In the event the retiring employee provides notice to the Board of his/her retirement after March 1, the employee shall receive one-half of the payment no later than June 30th of the school year in which the retirement will occur and the remaining one-half payment no later than June 30th of the following calendar year. Any employee hired after the 2007–2010 Agreement was signed shall not be paid for accrued sick leave and shall not be so carried on the payroll.
Appears in 4 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
