Common use of Calculation of Benefit Clause in Contracts

Calculation of Benefit. A teacher will be eligible to receive as retirement incentive pay, upon their retirement, the amount obtained by multiplying eighty-two percent (82%) of their unused number of sick leave days, but in any event not to exceed one hundred twenty-three (123) days times their daily rate of pay.

Appears in 7 contracts

Samples: Terms And, Terms And, Terms And

AutoNDA by SimpleDocs

Calculation of Benefit. A teacher will be eligible to receive as retirement incentive pay, upon their his/her retirement, the amount obtained by multiplying eighty-two percent (82%) of their his/her unused number of sick leave days, but in any event not to exceed one hundred twenty-three (123) days times their his/her daily rate of pay.

Appears in 4 contracts

Samples: Terms And, Terms And, Terms And

AutoNDA by SimpleDocs

Calculation of Benefit. A teacher will shall be eligible to receive as retirement incentive pay, upon their his/her retirement, the amount obtained by multiplying eighty-two percent (82%) of their his/her unused number of sick leave days, but in any event not to exceed one hundred twenty-three (123) days times their his/her daily rate of pay.

Appears in 1 contract

Samples: irle.berkeley.edu

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!