PAY FOR UNUSED INDIVIDUAL ROLL BANK DAYS Sample Clauses

PAY FOR UNUSED INDIVIDUAL ROLL BANK DAYS. 6.43 Effective with the 2013-14 school year, employees will be compensated $50 per day for each Individual Roll Bank day remaining in their bank upon resignation for the purposes of retirement. (The final year of the employee’s service in the district will be added to the final Individual Roll Bank calculation for the purposes of this payout.) This payout will be made into a 403(b) for the employee.
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Related to PAY FOR UNUSED INDIVIDUAL ROLL BANK DAYS

  • Month Employees TEN (10) MONTH EMPLOYEES WHO HAVE COMPLETED ONE (1) YEAR OF CONTINUOUS SERVICE AND WHO HAVE ACCUMULATED TWENTY (20) DAYS OF SICK LEAVE WILL BE AUTOMATICALLY ENROLLED IN THE USLB.

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