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

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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

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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

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