Pay Upon Retirement for Unused Sick Leave Sample Clauses

Pay Upon Retirement for Unused Sick Leave. When retiring from public service in the State of Ohio, (PERS, STRS, SERS, or any combination thereof) all employees may receive up to and including seventy-five (75) workdays’ pay for unused sick leave if properly earned according to the computation below and if the employee directly retires from this school District. Upon retirement from the Warrensville Heights City Schools, each employee shall receive up to seventy-five (75) workdays’ pay, at the per diem rate specified in his/her most recent contract, for accumulated leave. Such pay shall be calculated as follows: Accumulated sick leave days (to a maximum of two hundred fifty (250) days) 250 x .25 x .10 times years in the Warrensville Heights City Schools (to a maximum of ten (10) years). If service to the Warrensville Heights City Schools equals or exceeds fifteen (15) years then .12 will be used in place of the .10 in the calculation. To wit: 250 x .25 x .12 times years in the Warrensville Heights City Schools (to a maximum of ten (10) years). Proof of retirement must be established prior to payment of severance pay. It is the responsibility of the retiree to xxxxxxx said proof to the District Board Treasurer. The minimum proof accepted is an actual physical presentation of the second (2nd) retirement check from the applicable retirement system. A retiree might find it necessary to return to a state of non-retirement, partial retirement, or part- time work with the Warrensville Heights City Schools. In this event, the person involved may not claim for use or use any part of the used sick leave in effect at the time of retirement. A retiring employee eligible for benefits under this Article IX, Section 5 may elect to receive such benefits in January of the year following retirement but no later than June 30th of the year following retirement. Section 6. STRS and 403(b) Severance Special Pay Plan
Sample 1Sample 2
AutoNDA by SimpleDocs
Pay Upon Retirement for Unused Sick Leave. When retiring from public service in the State of Ohio, (PERS, STRS, SERS, or any combination thereof) all employees may receive up to and including seventy-five (75) workdays’ pay for unused sick leave if properly earned according to the computation below and if the employee directly retires from this school District. Upon retirement from the Warrensville Heights City Schools, each employee shall receive up to seventy-five (75) workdays’ pay, at the per diem rate specified in his/her most recent contract, for accumulated leave. Such pay shall be calculated as follows:
Sample 1Sample 2
Pay Upon Retirement for Unused Sick Leave. Section 1. When retiring from public service in the State of Ohio — PERS, STRS, SERS, or any combination thereof — all bargaining unit members may receive up to and including sixty-one and one-half (61-1/2) working days pay for unused sick leave if properly earned according to the computation below and if the member directly retires from this School District.
Sample 1

Related to Pay Upon Retirement for Unused Sick Leave

  • Payment for Unused Sick Leave a. An employee with less than ten (10) years of continuous University service, as defined herein, who separates from the University shall not be paid for any unused sick leave. For employees appointed on or before 1/7/03 University service includes continuous employment by the University or the State of Florida.

  • Pay for Unused Sick Leave Unused sick leave not to exceed 70 days will be paid at the rate of $50 per day when the teacher retires or leaves U.S.D. 506 employment, provided the teacher has a minimum of 10 years of service in U.S.D. 506. Article VI: Activity Ticket Each teacher of U.S.D. 506 shall be issued an activity ticket, which shall be honored at all regular school functions held within the district. Said ticket shall not be honored at basketball tournaments and special events. Said ticket shall be honored for employee, spouse, and children who have not yet graduated from high school. The Board of Education will have an expectation that those teachers in attendance at school functions will assume a reasonable amount of general supervision as needed.

  • Vacation Leave on Retirement ‌ An employee scheduled to retire and to receive pension benefits under the Public Service Pension Plan Rules or who has reached the mandatory retiring age, shall be granted full vacation entitlement for the final calendar year of service.

  • Compensation for Unused Sick Leave 1. Employees who enter County service after July 1, 1979, shall not be eligible for compensation for any of their unused sick leave credits.

  • Vacation Pay on Retirement Termination is as follows:

  • Normal Retirement Date The date on which the Executive attains age sixty-five (65).

  • Life Insurance Upon Retirement 34.1 An employee who retires from the service of the Corporation subsequent to August 1, 2001, will, provided he is 55 years of age or over and has not less than 10 years' cumulative compensated service, be entitled to the sum of $8,000.00, payable to his estate upon his death.

  • Payment for annual leave (a) Before going on annual leave, an employee will be paid the amount of wages they would have received for ordinary time worked had they not been on leave during that period.

  • Disability Retirement If, as a result of your incapacity due to physical or mental illness, You shall have been absent from the full-time performance of your duties with the Company for 6 consecutive months, and within 30 days after written notice of termination is given You shall not have returned to the full-time performance of your duties, your employment may be terminated for "Disability." Termination of your employment by the Company or You due to your "Retirement" shall mean termination in accordance with the Company's retirement policy, including early retirement, generally applicable to its salaried employees or in accordance with any retirement arrangement established with your consent with respect to You.

  • Normal Retirement Unless Separation from Service or a Change in Control occurs before Normal Retirement Age, when the Executive attains Normal Retirement Age the Bank shall pay to the Executive the benefit described in this section 2.1 instead of any other benefit under this Agreement. If the Executive’s Separation from Service thereafter is a Termination with Cause or if this Agreement terminates under Article 5, no further benefits shall be paid.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!