Common use of Funding of the SLB Clause in Contracts

Funding of the SLB. Upon hire each teacher shall deposit one day from their sick leave to the SLB. A maximum of twenty five (25) of a teacher’s accumulated sick leave days upon retirement will be donated to the SLB. A teacher’s accumulated sick leave days which exceed the maximum allowed will be donated to the SLB at the end of each school year. If at any time the number of days in the SLB depletes to less than one hundred (100) days, the SLB Committee will notify the Superintendent of Schools. In the event the SLB goes below 100 days, each teacher will deposit a sick leave day from their annual sick leave. In the event a participating member has exhausted all of his sick leave, on the day the deposit is made, the Superintendent shall advance one day of sick leave to the SLB and Superintendent shall recover said advanced day from participating member’s first available day.