Common use of Payment for Accumulated Sick Leave Upon Retirement or Termination Clause in Contracts

Payment for Accumulated Sick Leave Upon Retirement or Termination. A tenured teacher upon retirement or termination of employment (with proper notice if by employee) shall be paid an amount of money calculated at the rate of thirty-five dollars ($35.00) per day for each day of accumulated sick leave at the time of retirement or termination up to a maximum of two hundred twenty five (225) days. If a teacher, as of June 30, 1993, has accumulated more than the aforesaid amount of sick days, the same, to the amount accumulated, shall be the teacher's entitlement unless the same are subsequently utilized which then results in a lesser number which would be the teacher's entitlement. It is specifically understood and agreed that for an employee's last year of employment, he/she shall receive thirty-five dollars ($35.00) per sick day for each month worked and seventeen ($17.00) per sick day for the remaining months. That is, an employee resigning or terminating in December shall receive four times thirty-five and then six times seventeen.

Payment for Accumulated Sick Leave Upon Retirement or Termination. A tenured teacher upon retirement or termination of employment (with proper notice if by employee) shall be paid an amount of money calculated at the rate of thirty-five thirty dollars ($35.0030.00) per day for each day of accumulated sick leave at the time of retirement or termination up to a maximum of two hundred twenty five (225) days. If a teacher, as of June 30, 1993, has accumulated more than the aforesaid amount of sick days, the same, to the amount accumulated, shall be the teacher's entitlement unless the same are subsequently utilized which then results in a lesser number which would be the teacher's entitlement. It is specifically understood and agreed that for an employee's last year of employment, he/she shall receive thirty-five thirty dollars ($35.0030.00) per sick day for each month worked and seventeen fifteen dollars ($17.0015.00) per sick day for the remaining months. That is, an employee resigning or terminating in December shall receive four times thirty-five thirty and then six times seventeenfifteen.

Payment for Accumulated Sick Leave Upon Retirement or Termination. A tenured teacher upon retirement or termination of employment (with proper notice if by employee) shall be paid an amount of money calculated at the rate of thirty-five thirty dollars ($35.0030.00) per day for each day of accumulated sick leave at the time of retirement or termination up to a maximum of two hundred twenty five (225) days. If a teacher, as of June 30, 1993, has accumulated more than the aforesaid amount of sick days, the same, to the amount accumulated, shall be the teacher's entitlement unless the same are subsequently utilized which then results in a lesser number which would be the teacher's entitlement. It is specifically understood and agreed that for an employee's ’s last year of employment, he/she shall receive thirty-five thirty dollars ($35.0030.00) per sick day for each month worked and seventeen fifteen ($17.0015.00) per sick day for the remaining months. That is, an employee resigning or terminating in December shall receive four times thirty-five thirty and then six times seventeenfifteen.