Common use of Effective July Clause in Contracts

Effective July. 1, 2004 employees who retire during the year they initially become eligible for normal retirement or before June 30, shall receive an additional one (1%) percent per year of employment with the Wakulla County School Board to a maximum of thirty (30%) percent of their annual salary if such retirement is to be effective no later than June 30 of that school year and if written notice is received by March 1 of that school year. Employees who are granted a disability retirement shall receive terminal pay totaling one (1%) per year of employment with the Wakulla County School Board to a maximum of thirty (30%) percent. Employees who begin service with the Wakulla County School Board on or after July 1, 2004 shall not be eligible for this benefit.