Common use of Early Notice Incentive Clause in Contracts

Early Notice Incentive. 1. Under the Early Notice Incentive program, those individuals who provide written notice of resignation will receive: a. Two hundred seventy five dollars ($275) if written notice of resignation is received on or prior to the last day of February of the year of resignation. Payment of this amount will be made with the employee's final pay. b. Per Article XIV Section O, a severance allowance (minus the final year payment of $150). Payment of this amount will be made following the superintendent's acceptance of the resignation and in compliance with the special pay plan. R: 06 2. These incentives will be provided under the following guidelines: a. There will be no extension of the February deadline for any reason. b. The letter of resignation will be kept confidential until April 1 of the final year of service unless otherwise required by law. c. No early notice incentive will be available more than nine months prior to the effective date of the resignation. d. In order to qualify for this early notice incentive, completion of the teacher work year is required. e. Acceptance of the resignation is defined as an official letter by the superintendent to the employee accepting the resignation.