PAYMENT FOR SICK DAYS AT RETIREMENT Sample Clauses

PAYMENT FOR SICK DAYS AT RETIREMENT. LUMP SUM BENEFITS
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PAYMENT FOR SICK DAYS AT RETIREMENT. A. Payment will be made to the teacher at retirement at a rate of $65 per day for each accumulated up to 270 days. The method of payment of said monies will be agreed upon by the retiring teacher and the District.
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PAYMENT FOR SICK DAYS AT RETIREMENT. Upon retirement, employees who have accumulated sick leave in excess of 120 days of sick leave and have banked these days will be paid 50% of the banked days at their rate of pay during the last full year of employment up to a maximum of 40 days.
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PAYMENT FOR SICK DAYS AT RETIREMENT. A. Payment will be made to the administrator at retirement at a rate of $75.00 per day for each accumulated day up to 220 days. The method of payment of said monies will be agreed upon by the retiring administrator and the District.
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Related to PAYMENT FOR SICK DAYS AT RETIREMENT

  • 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.

  • Payment for period of leave (a) Payment to an Employee in respect of long service leave shall be made in one of the following ways:

  • Payment for Service 3.19.1 All charges from the Company to Customer shall be calculated in United States dollars. Payments from Customer to the Company shall be in United States dollars; however, Customer may elect to have the invoice also show the amount due in a currency other than United States dollars, calculated at the exchange rate in effect on the date of the Company's invoice, and Customer may elect to pay the invoice in the non-United States currency in the amount set forth in the invoice.

  • 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.

  • Retirement Formula The City contracts with CalPERS to provide the 2.5% at 55 retirement formula set forth in California Government Code Section 21354.4.

  • Time Off in Lieu of Payment for Overtime An employee may elect, with the consent of the Company, to take time off in lieu of payment of overtime at a time or times agreed with the Company. Overtime taken as time off during ordinary time hours will be taken at the ordinary time rate, that is an hour for each hour worked.

  • Determination of Service for Sick Leave with Pay Actual time worked and all leave with pay, except for educational leave, shall be included in determining the pro rata accrual of sick leave credits each month, provided that the employee works thirty-two (32) hours or more in that month.

  • Payment for leave (a) Payment will be made based on the number of ordinary hours the Employee would have worked on the day or days on which the leave was taken.

  • Payment for Overtime 1. Except as provided in 2.C.3., below, overtime shall be compensated at one and one-half (1 1/2) times the regular rate.

  • Payment Formula and Leave of Absence The payment of salary, benefits and the timing of the period of leave shall be as follows:

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