Common use of Granting of Benefit to Eligible Applicants Clause in Contracts

Granting of Benefit to Eligible Applicants. 1. The District will impose an annual spending cap of $2,550,000 for teachers and mental health employees to pay: a. This retirement/service bonus; b. The payments for accumulated sick leave (under Procedure 4151.6, and 4873.2) to participants who receive payments under this retirement/service bonus plan, and c. The longevity schedule payments under Policy 4870 (F) (3) (Compensation for Mental health employees at Maximum) and under policy 4141 (2)(O)(4), (Compensation for Teachers at Maximum). 2. Retirement/Service Bonus Payments excluded from the cap: a. Compensation for accumulated sick leave for any employee other than one receiving this retirement/service bonus is specifically excluded from the cap. b. Employees who may be eligible but would not otherwise receive compensation under this policy may receive compensation with Board approval. In such cases, compensation paid to those employees will be specifically excluded from the cap noted in section (C)(1) above. 3. Payments from the cap will be made in the following order: a. Longevity schedule payments for recipients during that school year, per policy 4141(2)(O)(4) and 4870(F)(3). b. The payments for accumulated sick leave to participants in the retirement/service bonus plan, per policy 4151(A)(2) and 4873(1)(A)(2). c. The retirement/service bonus. 4. Applicants who apply by the March 15 deadline will be paid according to the payment schedule (D-1) below. Effective July 1, 2018, applicants who apply by the March 1 deadline will be paid according to the payment schedule (D-1) below. Payment for the retirement/service bonus will be based on total years of full time service with the District (i.e. the number of most recent consecutive years of service plus any additional years of teaching and/or mental health service in the District not otherwise included) with those applicants with the highest years of service being paid first or, in the case that funds are not sufficient to pay all applicants who meet this deadline, the following provisions (5-7) will apply. 5. If sufficient funds exist to pay this retirement/service bonus to one or more but not all eligible applicants with a particular number of years of service (e.g., nineteen), the bonus shall be paid to all applicants with that number of years of service on a pro rata basis (i.e., the total dollar amount remaining will be divided equally among all such applicants). 6. Eligible applicants who do not receive the full bonus may rescind their resignation or retirement within 21 calendar days after formal notification of the amount for the retirement bonus. Following that deadline, a final calculation of the pay-out will be made according to the process outlined in section (C)(5) above. 7. Employees applying after the March 15 deadline (and March 1 deadline effective July 1, 2018) will be eligible for payment under this provision only if the funds have not been depleted using the process outlined in sections (1-5) above. Such employees will receive this payment based on the date of application, with the first applicant receiving the bonus first. If sufficient funds exist to pay the bonus to one or more but not all eligible applicants who turn in their completed applications on the same day after March 15 (and March 1 effective July 1, 2018), the bonus shall be paid to all such applicants on a pro-rata basis, i.e., the total dollar amount remaining will be divided among all such applicants, with each individual receiving an equal percentage of the dollar bonus that individual would have received if sufficient funds had existed to pay all such applicants. 8. In the event that there are insufficient funds to pay all eligible employees the full amount they would have otherwise been entitled to receive, the payment method for the following year may be revised through negotiations.

Granting of Benefit to Eligible Applicants. 1. The District will impose an annual spending cap of $2,550,000 for teachers and mental health employees to pay: a. This (a) this retirement/service bonus;, b. The (b) the payments for accumulated sick leave (under Procedure procedure 4151.6, and 4873.2) to participants who receive payments under this retirement/service bonus plan, and c. The (c) longevity schedule payments under Policy policy 4870 (F) (3F)(3) (Compensation for Mental health employees at Maximum) and under policy 4141 Policy 4141, (2)(O)(4), O)(4) (Compensation for Teachers at Maximum). 2. Retirement/Service Bonus Payments excluded from the cap: a. (a) Compensation for accumulated sick leave for any employee other than one receiving this retirement/service bonus is specifically excluded from the cap. b. (b) Employees who may be eligible but would not otherwise receive compensation under this policy may receive compensation with Board approval. In such cases, compensation paid to those employees will be specifically excluded from the cap noted in section (C)(1) above. 3. Payments from the cap will be made in the following order: a. Longevity (a) longevity schedule payments payments, for recipients during that school year, per policy 4141(2)(O)(44141 (O)(4) and 4870(F)(34870 (F)(3)., b. The (b) the payments for accumulated sick leave to participants in the retirement/retirement/ service bonus plan, per policy 4151(A)(24151 (A)(2) and 4873(1)(A)(24873 (1)(A)(2)., c. The (c) the retirement/service service-bonus. 4. Applicants who apply by the March 15 deadline will be paid according to the payment schedule (D-1D) (1) below. Effective July 1, 2018, applicants who apply by the March 1 deadline will be paid according to the payment schedule (D-1) below. Payment for the retirement/service bonus will be based on total years of full full-time service with the District (i.e. i.e., the number of most recent consecutive years of service plus any additional years of teaching and/or mental health service in the District district not otherwise included) with those applicants with the highest years of service being paid first or, in the case that funds are not sufficient to pay all applicants who meet this deadline, the following provisions (5-7) will apply. 5. If sufficient funds exist to pay this retirement/service bonus to one or more but not all eligible applicants with a particular number of years of service (e.g., nineteen), the bonus shall be paid to all applicants with that number of years of service on a pro rata basis (i.e., the total dollar amount remaining will be divided equally among all such applicants). 6. a. Eligible applicants who do not receive the full bonus may rescind their resignation or retirement within 21 twenty-one (21) calendar days after formal notification of the amount for the retirement bonus. Following that deadline, a final calculation of the pay-out will be made according to the process outlined in section (C)(5) above. 7. b. Employees applying after the March 15 deadline (and March 1 deadline effective July 1, 2018) will be eligible for payment under this provision only if the funds have not been depleted using the process outlined outline in sections (1-5) above. Such employees will receive this payment based on the date of application, with the first applicant receiving the bonus first. If sufficient funds exist to pay the bonus to one or more but not all eligible applicants who turn in their completed applications on the same day after March 15 (and March 1 effective July 1, 2018), the bonus shall be paid to all such applicants on a pro-pro rata basis, i.e., the total dollar amount remaining will be divided among all such applicants, with each individual receiving an equal percentage of the dollar bonus that individual would have received if sufficient funds had existed to pay all such applicants. 8. c. In the event that there are insufficient funds to pay all eligible employees the full amount they would have otherwise been entitled to receive, the payment method for the following year may be revised through negotiations.payment

Granting of Benefit to Eligible Applicants. 1. The District will impose an annual spending cap of $2,550,000 for teachers and mental health employees to pay: a. This retirement/service bonus; b. The payments for accumulated sick leave (under Procedure 4151.6, and 4873.2) to participants who receive payments under this retirement/service bonus plan, and c. The longevity schedule payments under Policy 4870 (F) (3) (Compensation for Mental health employees at Maximum) and under policy 4141 (2)(O)(42)(PO)(4)(4), (Compensation for Teachers at Maximum). 2. Retirement/Service Bonus Payments excluded from the cap: a. Compensation for accumulated sick leave for any employee other than one receiving this retirement/service bonus is specifically excluded from the cap. b. Employees who may be eligible but would not otherwise receive compensation under this policy may receive compensation with Board approval. In such cases, compensation paid to those employees will be specifically excluded from the cap noted in section (C)(1) above. 3. Payments from the cap will be made in the following order: a. Longevity schedule payments for recipients during that school year, per policy 4141(2)(O)(4) and 4870(F)(3). b. The payments for accumulated sick leave to participants in the retirement/service bonus plan, per policy 4151(A)(2) and 4873(1)(A)(2). c. The retirement/service bonus. 4. Applicants who apply by the March 15 deadline will be paid according to the payment schedule (D-1) below. Effective July 1, 2018, applicants who apply by the March 1 deadline will be paid according to the payment schedule (D-1) below. Payment for the retirement/service bonus will be based on total years of full time service with the District (i.e. the number of most recent consecutive years of service plus any additional years of teaching and/or mental health service in the District not otherwise included) with those applicants with the highest years of service being paid first or, in the case that funds are not sufficient to pay all applicants who meet this deadline, the following provisions (5-7) will apply. 5. If sufficient funds exist to pay this retirement/service bonus to one or more but not all eligible applicants with a particular number of years of service (e.g., nineteen), the bonus shall be paid to all applicants with that number of years of service on a pro rata basis (i.e., the total dollar amount remaining will be divided equally among all such applicants). 6. Eligible applicants who do not receive the full bonus may rescind their resignation or retirement within 21 calendar days after formal notification of the amount for the retirement bonus. Following that deadline, a final calculation of the pay-out will be made according to the process outlined in section (C)(5) above. 7. Employees applying after the March 15 deadline (and March 1 deadline effective July 1, 2018) will be eligible for payment under this provision only if the funds have not been depleted using the process outlined in sections (1-5) above. Such employees will receive this payment based on the date of application, with the first applicant receiving the bonus first. If sufficient funds exist to pay the bonus to one or more but not all eligible applicants who turn in their completed applications on the same day after March 15 (and March 1 effective July 1, 2018), the bonus shall be paid to all such applicants on a pro-rata basis, i.e., the total dollar amount remaining will be divided among all such applicants, with each individual receiving an equal percentage of the dollar bonus that individual would have received if sufficient funds had existed to pay all such applicants. 8. In the event that there are insufficient funds to pay all eligible employees the full amount they would have otherwise been entitled to receive, the payment method for the following year may be revised through negotiations.

Granting of Benefit to Eligible Applicants. 1. The District will impose an annual spending cap of $2,550,000 for teachers and mental health employees to pay: a. This (a) this retirement/service bonus;, b. The (b) the payments for accumulated sick leave (under Procedure procedure 4151.6, and 4873.2) to participants who receive payments under this retirement/service bonus plan, and c. The (c) longevity schedule payments under Policy policy 4870 (F) (3F)(3) (Compensation for Mental health employees at Maximum) and under policy 4141 Policy 4141, (2)(O)(4), O)(4) (Compensation for Teachers at Maximum). 2. Retirement/Service Bonus Payments excluded from the cap: a. (a) Compensation for accumulated sick leave for any employee other than one receiving this retirement/service bonus is specifically excluded from the cap. b. (b) Employees who may be eligible but would not otherwise receive compensation under this policy may receive compensation with Board approval. In such cases, compensation paid to those employees will be specifically excluded from the cap noted in section (C)(1) above. 3. Payments from the cap will be made in the following order: a. Longevity (a) longevity schedule payments payments, for recipients during that school year, per policy 4141(2)(O)(44141 (O)(4) and 4870(F)(34870 (F)(3)., b. The (b) the payments for accumulated sick leave to participants in the retirement/retirement/ service bonus plan, per policy 4151(A)(24151 (A)(2) and 4873(1)(A)(24873 (1)(A)(2)., c. The (c) the retirement/service service-bonus. 4. Applicants who apply by the March 15 deadline will be paid according to the payment schedule (D-1D) (1) below. Effective July 1, 2018, applicants who apply by the March 1 deadline will be paid according to the payment schedule (D-1) below. Payment for the retirement/service bonus will be based on total years of full full-time service with the District (i.e. i.e., the number of most recent consecutive years of service plus any additional years of teaching and/or mental health service in the District district not otherwise included) with those applicants with the highest years of service being paid first or, in the case that funds are not sufficient to pay all applicants who meet this deadline, the following provisions (5-7) will apply. 5. If sufficient funds exist to pay this retirement/service bonus to one or more but not all eligible applicants with a particular number of years of service (e.g., nineteen), the bonus shall be paid to all applicants with that number of years of service on a pro rata basis (i.e., the total dollar amount remaining will be divided equally among all such applicants). 6. a. Eligible applicants who do not receive the full bonus may rescind their resignation or retirement within 21 twenty-one (21) calendar days after formal notification of the amount for the retirement bonus. Following that deadline, a final calculation of the pay-out will be made according to the process outlined in section (C)(5) above. 7. b. Employees applying after the March 15 deadline (and March 1 deadline effective July 1, 2018) will be eligible for payment under this provision only if the funds have not been depleted using the process outlined outline in sections (1-5) above. Such employees will receive this payment based on the date of application, with the first applicant receiving the bonus first. If sufficient funds exist to pay the bonus to one or more but not all eligible applicants who turn in their completed applications on the same day after March 15 (and March 1 effective July 1, 2018), the bonus shall be paid to all such applicants on a pro-pro rata basis, i.e., the total dollar amount remaining will be divided among all such applicants, with each individual receiving an equal percentage of the dollar bonus that individual would have received if sufficient funds had existed to pay all such applicants. 8. c. In the event that there are insufficient funds to pay all eligible employees the full amount they would have otherwise been entitled to receive, the payment method for the following year may be revised through negotiationsnegations.

Granting of Benefit to Eligible Applicants. 1. The District will impose an annual spending cap of $2,550,000 for teachers and mental health employees to pay: a. This retirement/service bonus; b. The payments for accumulated sick leave (under Procedure 4151.6, and 4873.2) to participants who receive payments under this retirement/service bonus plan, and c. The longevity schedule payments under Policy 4870 (F) (3) (Compensation for Mental health employees at Maximum) and under policy 4141 (2)(O)(4), (Compensation for Teachers at Maximum). 2. Retirement/Service Bonus Payments excluded from the cap: a. Compensation for accumulated sick leave for any employee other than one receiving this retirement/service bonus is specifically excluded from the cap. b. Employees who may be eligible but would not otherwise receive compensation under this policy may receive compensation with Board approval. In such cases, compensation paid to those employees will be specifically excluded from the cap noted in section (C)(1) above. 3. Payments from the cap will be made in the following order: a. Longevity schedule payments for recipients during that school year, per policy 4141(2)(O)(4) and 4870(F)(3). b. The payments for accumulated sick leave to participants in the retirement/service bonus plan, per policy 4151(A)(2) and 4873(1)(A)(2). c. The retirement/service bonus. 4. Applicants who apply by the March 15 deadline will be paid according to the payment schedule (D-1) below. Effective July 1, 2018, applicants who apply by the March 1 deadline will be paid according to the payment schedule (D-1) below. Payment for the retirement/service bonus will be based on total years of full time service with the District (i.e. the number of most recent consecutive years of service plus any additional years of teaching and/or mental health service in the District not otherwise included) with those applicants with the highest years of service being paid first or, in the case that funds are not sufficient to pay all applicants who meet this deadline, the following provisions (5-7) will apply. 5. If sufficient funds exist to pay this retirement/service bonus to one or more but not all eligible applicants with a particular number of years of service (e.g., nineteen), the bonus shall be paid to all applicants with that number of years of service on a pro rata basis (i.e., the total dollar amount remaining will be divided equally among all such applicants). 6. Eligible applicants who do not receive the full bonus may rescind their resignation or retirement within 21 calendar days after formal notification of the amount for the retirement bonus. Following that deadline, a final calculation of the pay-out will be made according to the process outlined in section (C)(5) above. 7. Employees applying after the March 15 deadline (and March 1 deadline effective July 1, 2018) will be eligible for payment under this provision only if the funds have not been depleted using the process outlined in sections (1-5) above. Such employees will receive this payment based on the date of application, with the first applicant receiving the bonus first. If sufficient funds exist to pay the bonus to one or more but not all eligible applicants who turn in their completed applications on the same day after March 15 (and March 1 effective July 1, 2018), the bonus shall be paid to all such applicants on a pro-rata basis, i.e., the total dollar amount remaining will be divided among all such applicants, with each individual receiving an equal percentage of the dollar bonus that individual would have received if sufficient funds had existed to pay all such applicants. 8. In the event that there are insufficient funds to pay all eligible employees the full amount they would have otherwise been entitled to receive, the payment method for the following year may be revised through negotiations.

Granting of Benefit to Eligible Applicants. 1. The District will impose an annual spending cap of $2,550,000 for teachers and mental health employees to pay: a. (a) This retirement/service bonus; b. The (b) the payments for accumulated sick leave (under Procedure 4151.6, and 4873.2) to participants who receive payments under this retirement/service bonus plan, and c. The (c) the longevity schedule payments under Policy 4870 (F) (3) (Compensation for Mental health employees at Maximum) and under policy 4141 (2)(O)(4O)(4), (Compensation for Teachers at Maximum). 2. Retirement/Service Bonus Payments excluded from the cap: a. (a) Compensation for accumulated sick leave for any employee other than one receiving this retirement/service bonus is specifically excluded from the cap. b. (b) Employees who may be eligible but would not otherwise receive compensation under this policy may receive compensation with Board approval. In such cases, compensation paid to those employees will be specifically excluded from the cap noted in section (C)(1) above. 3. Payments from the cap will be made in the following order: a. (a) Longevity schedule payments for recipients during that school year, per policy 4141(2)(O)(44141(O)(4) and 4870(F)(3). b. (b) The payments for accumulated sick leave to participants in the retirement/service bonus plan, per policy 4151(A)(2) and 4873(1)(A)(2). c. (c) The retirement/service bonus. 4. Applicants who apply by the March 15 deadline will be paid according to the payment schedule (D-1) below. Effective July 1, 2018, applicants who apply by the March 1 deadline will be paid according to the payment schedule (D-1) below. Payment for the retirement/service bonus will be based on total years of full full-time service with the District (i.e. the number of most recent consecutive years of service plus any additional years of teaching and/or mental health service in the District not otherwise included) with those applicants with the highest years of service being paid first or, in the case that funds are not sufficient to pay all applicants who meet this deadline, the following provisions (5-7) will apply. 5. If sufficient funds exist to pay this retirement/service bonus to one or more but not all eligible applicants with a particular number of years of service (e.g., nineteen), the bonus shall be paid to all applicants with that number of years of service on a pro rata basis (i.e., the total dollar amount remaining will be divided equally among all such applicants). 6. Eligible applicants who do not receive the full bonus may rescind their resignation or retirement within 21 calendar days after formal notification of the amount for the retirement bonus. Following that deadline, a final calculation of the pay-out will be made according to the process outlined in section (C)(5) above. 7. Employees applying after the March 15 deadline (and March 1 deadline effective July 1, 2018) will be eligible for payment under this provision only if the funds have not been depleted using the process outlined in sections (1-5) above. Such employees will receive this payment based on the date of application, with the first applicant receiving the bonus first. If sufficient funds exist to pay the bonus to one or more but not all eligible applicants who turn in their completed applications on the same day after March 15 (and March 1 effective July 1, 2018)15, the bonus shall be paid to all such applicants on a pro-rata basis, i.e., the total dollar amount remaining will be divided among all such applicants, with each individual receiving an equal percentage of the dollar bonus that individual would have received if sufficient funds had existed to pay all such applicants. 8. In the event that there are insufficient funds to pay all eligible employees the full amount they would have otherwise been entitled to receive, the payment method for the following year may be revised through negotiations.