Common use of EARLY NOTICE OF LEAVING INCENTIVE Clause in Contracts

EARLY NOTICE OF LEAVING INCENTIVE. A bargaining unit employee who files irrevocable written notice with the Board’s Treasurer on or before February 15 of the employee’s resignation from all Board employment effective at the end of the employee’s work year will receive five (5) days of pay, calculated at the employee’s then‐current regular daily rate, that is independent of any other terms of this Agreement. Payment will be made in a one‐time lump sum, less applicable payroll withholdings, by the last scheduled pay date of the employee’s contract. In no event will an employee who receives the retirement incentive identified in Article VIII, Section K of this Agreement be eligible to receive pay under this Section.

EARLY NOTICE OF LEAVING INCENTIVE. A bargaining unit employee who files irrevocable written notice with the Board’s Treasurer Superintendent on or before February 15 1st of the employee’s resignation from all Board employment effective at the end of the employee’s work year will receive five (5) days of pay, calculated at the employee’s then‐current then-current regular daily rate, that rate and is independent of any other terms of this Agreement. Payment will be made in a one‐time one-time lump sum, less applicable payroll withholdings, by the last scheduled pay date of the employee’s contract. In no event will an employee who receives the retirement incentive identified in Article VIII, Section K of this Agreement be eligible to receive pay under this Section.