Common use of Leave Incentive Clause in Contracts

Leave Incentive. At the end of each school year, teachers who have used two or less leave days during that year may convert accumulated leave days to cash. Payment shall be made prior to July 31 in a separate check. The following formula shall be used for all conversions: Number of Days Accumulated Number of Days Which May be Converted Amount per Day 8-10 1 $100 11-20 2 $85 21-40 3 $70 41-60 4 $65 61-100 5 $60 101-150 6 $55 150 and Above 10 $50 See also, XVI, D. SECTION XIV -- LEAVES OF ABSENCE

Appears in 3 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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Leave Incentive. At the end of each school year, teachers who have used two (2) or less leave days during that year may convert accumulated leave days to cash. Payment shall be made prior to July 31 in a separate check. The following formula shall be used for all conversions: Number of Days Accumulated Number of Days Accumulated Which May be Be Converted Amount per Per Day 8-10 1 $100 11-20 2 $85 21-40 3 $70 41-60 4 $65 61-100 5 $60 101-150 6 $55 150 and Above 10 $50 See also, XVI, D. SECTION XIV -- LEAVES OF ABSENCESection 16.D (payment for unused sick days).

Appears in 1 contract

Samples: Collective Bargaining Agreement

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