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.
Appears in 2 contracts
Samples: Bus Drivers' / Bus Assistants’ Contract, Bus Drivers' / Bus Assistants’ Contract
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 continuous service with the School Board, not to exceed a total of one-hundred eighty five (10085) days pay.
Appears in 1 contract
Samples: Bus Drivers' Contract
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 twenty-five (100125) days days’ pay.
Appears in 1 contract
