Common use of Cash Out at Retirement Clause in Contracts

Cash Out at Retirement. At the time of separation from School District employment due to retirement or death, an eligible employee or the employee's estate shall receive remuneration at a rate equal to one day's current monetary compensation of the employee for each four (4) full days accrued leave for illness or injury.

Appears in 6 contracts

Samples: Labor Agreement, Labor Agreement, Labor Agreement

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