Common use of Lump Sum Payment Upon Termination Clause in Contracts

Lump Sum Payment Upon Termination. An employee who terminates his/her employment with the District is entitled to a lump sum payment equal to one- fourth of the pay attributed to his/her accumulated sick leave. This pay shall be computed on the basis of the employee’s salary or hourly wage at the time of termination.

Appears in 4 contracts

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

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Lump Sum Payment Upon Termination. An employee who terminates his/her employment with the District is entitled to a lump sum payment equal to one- one-fourth (1/4) of the pay attributed to his/her the accumulated sick leave. This pay The payment shall be computed calculated based on the basis of the employee’s salary or hourly 's wage at the time of terminationhe/she terminates employment with the District.

Appears in 1 contract

Samples: Collective Bargaining Agreement

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