Payment for Years of Service Sample Clauses

Payment for Years of Service. Eligible teachers, upon early retirement, shall receive a payment which is equal to 2.5 days of the teacher’s base daily salary rate for each full year of full-time continuous service to the School District, not to exceed a total of 55 days pay.
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Payment for Years of Service. An employee, upon retirement, shall be eligible to receive a severance payment which shall be equal to six (6) days of the employee's daily rate of pay for each full year of full-time service with the School Board, not to exceed a total of one-hundred (100) days pay.
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Payment for Years of Service. A principal, upon retirement, shall be eligible to receive a severance payment which shall be equal to 10 days of the principal's base salary rate for each full year of full-time continuous service to the School Board, not to exceed a total of the pay for 50% of the number of the principal's duty days in a year.
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Payment for Years of Service. An employee, upon retirement, shall be eligible to receive a severance payment which shall be equal to six
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Payment for Years of Service 
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Related to Payment for Years of Service

  • PERIOD OF SERVICE The Consultant shall complete the Services on or before December 31, 2019 (the “Deadline”), unless the Authority agrees to extend the Deadline for good reason; provided, however, that the Authority may terminate this Contract at any time in accordance with Section 14. Time is of the essence in performance of this Contract. There will be no obligation established between Authority and the Consultant for performance of the Services until Authority provides the Consultant execution of this Contract and receipt by the Authority of appropriate Certificates of Insurance and other documentation as may be required herein. The term of this Contract (“Term”) shall begin on the Effective Date and shall end on the first to occur of the following: (1) the Deadline, as the same may have been extended by the Authority, (2) the date on which, in the opinion of Authority, all of the Services have been rendered, (3) the date on which this Contract is terminated by the Authority pursuant to Section 14, or (4) the date on which this Contract is terminated by the Consultant pursuant to Section 14.

  • Year of Service An Employee must complete at least Hours of Service during a Vesting Computation Period to receive credit for a Year of Service under Article V. [Note: The number may not exceed 1,000. If left blank, the requirement is 1,000.]

  • 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.

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