Pay Off. In the event that circumstances associated with this position change or preclude such usage, faculty who retire, resign or transfer shall, at the time of such retirement, resignation, or transfer, be compensated3 for their annual leave as follows: • Depending on when the employee retires, resigns or transfers during the fiscal year (i.e., his/her length of service during the fiscal year), the employee will be paid his/her unused accumulated Annual Leave from the prior fiscal year which is carried forward to July 1, and a pro-rated amount of his/her unused Annual Leave hours for the current fiscal year maximum payout of 200 hours.
Appears in 3 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
Pay Off. In the event that circumstances associated with this position change or preclude such usage, faculty who retire, resign or transfer shall, at the time of such retirement, resignation, or transfer, be compensated3 compensated4 for their annual leave as follows: • Depending on when the employee retires, resigns or transfers during the fiscal year (i.e., i.e. his/her length of service during the fiscal year), the employee will be paid his/her unused accumulated Annual Leave from the prior fiscal year which is carried forward to July 1, and a pro-rated amount of his/her unused Annual Leave hours for the current fiscal year maximum payout of 200 hours.
Appears in 2 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement
Pay Off. In the event that circumstances associated with this position change or preclude such usage, faculty who retire, resign or transfer shall, at the time of such retirement, resignation, or transfer, be compensated3 for their annual leave as follows: • described in 27.§1.2.2.1.
§1.2.2.1 Depending on when the employee retires, resigns or transfers during the fiscal year (i.e., his/her their length of service during the fiscal year), the employee will be paid his/her their unused accumulated Annual Leave from the prior fiscal year which is carried forward to July 1, and a pro-rated amount of his/her their unused Annual Leave hours for the current fiscal year maximum payout of 200 hours.
Appears in 1 contract
Samples: Agreement
