Granting of Benefit to Eligible Applicants. 1. The District will budget each year for teachers and SSP employees to receive this benefit and could negotiate to impose a spending cap in the following year if the benefits listed below exceed the budgeted amount: a. This retirement/service bonus; b. The payments for accumulated paid 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 4841 (F) (3) (Compensation for SSP employees at Maximum) and under policy 4141 (Compensation for Teachers at Maximum). d. Compensation for accumulated paid leave for any employee other than one receiving this retirement/service bonus.
Appears in 4 contracts
Samples: Negotiated Agreement, Negotiated Agreement, Negotiated Agreement
