Common use of Compensation at Retirement Clause in Contracts

Compensation at Retirement. Upon retirement, a full-time member shall be compensated at the rate of one-fourth (1/4) of daily salary for each day of sick leave standing to the member’s credit as of the last day on the active payroll, up to a maximum of an equivalent of sixty (60) days’ pay.

Appears in 11 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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Compensation at Retirement. Upon retirement, a full-time member shall be compensated at the rate of one-one- fourth (1/4) of daily salary for each day of sick leave standing to the member’s credit as of the last day on the active payroll, up to a maximum of an equivalent of sixty (60) days’ pay.

Appears in 1 contract

Samples: Collective Bargaining Agreement

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