Common use of Eligibility for Severance Pay Clause in Contracts

Eligibility for Severance Pay. Full time teachers who have taught in District 112 for at least 20 continuous years and who began full time teaching in the District prior to July 1, 1991 shall be eligible for severance pay pursuant to the provisions of this Article upon submission of a written resignation accepted by the School Board. The teacher shall submit a written letter of their intent to retire no later than 60 days prior to the effective date of retirement. The acceptance by the School Board must be completed no sooner than 90 days prior to retirement and no later than 30 days prior to retirement.

Eligibility for Severance Pay. Full time teachers who have taught in District 112 for at least 20 continuous years and who began full time teaching in the District prior to July 1, 1991 shall be eligible for severance pay pursuant to the provisions of this Article upon submission of a written resignation accepted by the School Board. The teacher shall submit a written letter of their his/her intent to retire no later than 60 days prior to the effective date of retirement. The acceptance by the School Board must be completed no sooner than 90 days prior to retirement and no later than 30 days prior to retirement.