Credit for Unused Sick Days Sample Clauses

Credit for Unused Sick Days. An eligible bargaining unit member who is retiring, after 10 years or 23 more of service within the District, will be granted a service raise equal to $20 for every unused sick day 24 accumulated up to and during his/her final year of service. Normally, the retiring bargaining unit 25 member must file a notice of intent to retire from the District six months in advance of the anticipated 26 date of retirement. Only in unusual and generally unforeseen circumstances, such as sudden illness, 27 change in family status, the unit member may file the notice of intent in less than the required six 28 months. Payment will be made in one lump sum and included in the last check issued by the District 29 prior to retirement.
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Credit for Unused Sick Days. A unit member who works at least 30 weeks per year and at least 30 hours per week, who retires from the District, will be granted a service raise for every unused sick day accumulated to and during their final year according to the following formula: 10 years service $20 for each unused sick day 15 years service $30 for each unused sick day A unit member who works at least 30 weeks per year and at between 20 and 30 hours per week, who retires from the District, will be granted a service raise for every unused sick day accumulated to and during their final year according to the following formula: 10 years service $10 for each unused sick day 15 years service $20 for each unused sick day The retiring bargaining unit member must file a notice of intent to retire from the District ninety days in advance of the anticipated date of retirement. Only in unusual and generally unforeseen circumstances, such as sudden illness or change in family status, the unit member may file the notice of intent in less than the required ninety days. Payment will be made in one lump sum and included in the last check issued by the District prior to retirement. If an eligible employee is laid off by the District because of a reduction in the overall District School Lunch program, that employee will receive credit for unused sick days in the last paycheck received from the District.
Credit for Unused Sick Days. 28 A unit member who works at least 30 weeks per year and at least 30 hours per week, who retires from 29 the District, will be granted a service raise for every unused sick day accumulated to and during their 30 final year according to the following formula: 31 10 years service $20 for each unused sick day 32 15 years service $30 for each unused sick day 33 A unit member who works at least 30 weeks per year and at between 20 and 30 hours per week, who 34 retires from the District, will be granted a service raise for every unused sick day accumulated to and 35 during their final year according to the following formula: 36 10 years service $10 for each unused sick day 37 15 years service $20 for each unused sick day 38 Normally, the retiring bargaining unit member must file a notice of intent to retire from the District ninety 39 days in advance of the anticipated date of retirement. Only in unusual and generally unforeseen 40 circumstances, such as sudden illness or change in family status, the unit member may file the notice of 41 intent in less than the required ninety days. Payment will be made in one lump sum and included in the 42 last check issued by the District prior to retirement. If an eligible employee is laid off by the District 43 because of a reduction in the overall District School Lunch program, that employee will receive credit 44 for unused sick days in the last paycheck received from the District.
Credit for Unused Sick Days. 24 Administrators who retire on or before June 30, 2006 under the New York State Employees and/or 25 Teachers Retirement Program, shall receive credit for all unused sick days accumulated up to and during 26 their final year of service. Administrators may use any portion of their unused sick days to accumulate 27 additional service credit, after which the balance will be credited toward a service raise equal to $20.00 per 28 unused sick day. The administrator's decision regarding the type of credit desired for unused sick days 29 must be stated in writing thirty (30) days before the last payroll check. Payment of the service raise, if any, 30 will be made in one lump sum and be included in the last check issued by the District prior to retirement. 31 This section expires and is not valid for any retirement after June 30, 2006.
Credit for Unused Sick Days. 30 1. An eligible bargaining unit member who is retiring, after 15 years or more of service within 31 the District, will be granted a service raise equal to $35.00 for any unused sick days, 32 accumulated up to and during his/her final year of service. Normally, the retiring bargaining 34 the anticipated date of retirement. Only in unusual and generally unforeseen circumstances, 35 such as sudden illness, change in family status, the unit member may file the notice of intent 36 in less than the required six months. Payment will be made in one lump sum and included in 37 the last check issued by the District prior to retirement. The estate of any unit member who 38 dies while in service will receive $35.00 for any unused sick days accumulated up to and 39 during the final year of service.

Related to Credit for Unused Sick Days

  • Pay for Unused Sick Leave Unused sick leave not to exceed 70 days will be paid at the rate of $50 per day when the teacher retires or leaves U.S.D. 506 employment, provided the teacher has a minimum of 10 years of service in U.S.D. 506. Article VI: Activity Ticket Each teacher of U.S.D. 506 shall be issued an activity ticket, which shall be honored at all regular school functions held within the district. Said ticket shall not be honored at basketball tournaments and special events. Said ticket shall be honored for employee, spouse, and children who have not yet graduated from high school. The Board of Education will have an expectation that those teachers in attendance at school functions will assume a reasonable amount of general supervision as needed.

  • Unused Sick Leave The accrual of unused sick leave hours is unlimited. The City and the Union commit to the evaluation and establishment of a mutually beneficial non-use of sick leave incentive and pay-out policy. Until such time that a policy is established, accumulated sick leave shall be compensated as follows: Upon retirement from the City service, an employee shall be paid sixty percent (60%) of his accumulated sick leave, with the rate of payment based upon his regular pay at the time he retires. Upon the death of an employee, his beneficiary shall be paid sixty percent (60%) of his accumulated unused sick leave, with the payment based upon his regular pay at the date of his death.

  • Commitment Fee The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Credit Lender under each Facility in accordance with its Pro Rata Share, a commitment fee equal to the Applicable Rate with respect to commitment fees times the actual daily amount by which the aggregate Revolving Credit Commitment exceeds the sum of (A) the Outstanding Amount of Revolving Credit Loans (which shall exclude, for the avoidance of doubt, any Swing Line Loans) and (B) the Outstanding Amount of L/C Obligations; provided that (x) any commitment fee accrued with respect to any of the Commitments of a Defaulting Lender during the period prior to the time such Lender became a Defaulting Lender and unpaid at such time shall not be payable by the Borrower so long as such Lender shall be a Defaulting Lender except to the extent that such commitment fee shall otherwise have been due and payable by the Borrower prior to such time and (y) no commitment fee shall accrue on any of the Commitments of a Defaulting Lender so long as such Lender shall be a Defaulting Lender. The commitment fee on each Revolving Credit Facility shall accrue at all times from the Closing Date until the Maturity Date for the Revolving Credit Facility, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date during the first full fiscal quarter to occur after the Closing Date, and on the Maturity Date for the Revolving Credit Facility. The commitment fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect.

  • Facility Fee The Company shall pay to the Administrative Agent for the account of each Lender in accordance with its Applicable Percentage, a facility fee, in Dollars, equal to the Applicable Rate for facility fees times the actual daily amount of the Aggregate Commitments (or, if the Aggregate Commitments have terminated, on the Outstanding Amount of all Committed Loans, Swing Line Loans and L/C Obligations), regardless of usage, subject to adjustment as provided in Section 2.18. The facility fee shall accrue at all times during the Availability Period (and thereafter so long as any Committed Loans, Swing Line Loans or L/C Obligations remain outstanding), including at any time during which one or more of the conditions in Article IV are not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the last day of the Availability Period (and, if applicable, thereafter on demand). The facility fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate for facility fees during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate for facility fees separately for each period during such quarter that such Applicable Rate for facility fees was in effect.

  • Letter of Credit Fees The Borrower shall pay to the Administrative Agent for the account of each Revolving Credit Lender in accordance, subject to Section 2.16 with its Applicable Revolving Credit Percentage a Letter of Credit fee (the “Letter of Credit Fee”) for each Letter of Credit equal to the Applicable Rate times the daily amount available to be drawn under such Letter of Credit. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. Letter of Credit Fees shall be (i) due and payable on the first Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand and (ii) computed on a quarterly basis in arrears. If there is any change in the Applicable Rate during any quarter, the daily amount available to be drawn under each Letter of Credit shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect. Notwithstanding anything to the contrary contained herein, upon the request of the Required Revolving Lenders, while any Event of Default exists, all past due Letter of Credit Fees shall accrue at the Default Rate.

  • Commitment Fees (i) On each Advance Date the Company shall pay to the Investor, directly from the gross proceeds held in escrow, an amount equal to five percent (5%) of the amount of each Advance. The Company hereby agrees that if such payment, as is described above, is not made by the Company on the Advance Date, such payment will be made at the direction of the Investor as outlined and mandated by Section 2.3 of this Agreement.

  • Commitment of Current Revenues Only In the event that, during any term hereof, the Commissioners Court does not appropriate sufficient funds to meet the obligations of County under this Agreement, County may terminate this Agreement upon ninety (90) days written notice to Company. County agrees, however, to use reasonable efforts to secure funds necessary for the continued performance of this Agreement. The parties intend this provision to be a continuing right to terminate this Agreement at the expiration of each budget period of County. Agreements for the acquisition, including lease of real or personal property under Tex. Loc. Govt. Code §271.903: In the event that, during any term hereof, the Commissioner’s Court does not appropriate sufficient funds to meet the obligations of County under this Agreement, County may terminate this Agreement upon ninety (90) days written notice to Company, County agrees, however, to use a best efforts attempt to obtain and appropriate funds for payment of the Agreement. The parties intend this provision, if applicable, to be a continuing right to terminate this at the expiration of each budget period of County in accordance with Tex. Loc. Govt. Code §271.903 (Xxxxxx Supp. 1996).

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