Common use of Payment of Accumulated Annual Leave Days Clause in Contracts

Payment of Accumulated Annual Leave Days. Upon separation, after 10 years of accumulated employment at LCISD and forty-five days notice to the Board of Education, an employee shall be paid for all unused annual days accumulated up to the maximum allowed as described under Annual Leave Days at 75% of daily pay rate for days accumulated prior to July 1, 2013, and 50% of the daily rate of pay for days accumulated July 1, 2013 and after. The payment will be made over a three (3) month period following the date of retirement or at the employee's option can be paid in the first three (3) months period following the date of retirement or at the employee's option can be paid in the first three months of the following calendar year. Part time employees will receive benefits prorated on a base of 13,020 total hours (186 days x 7 hours per day x 10 years).

Payment of Accumulated Annual Leave Days. Upon separation, after 10 years of accumulated employment at LCISD HSISD and forty-five days notice to the Board of Education, an employee shall be paid for all unused annual days accumulated up to the maximum allowed as described under Annual Leave Days at 75% of daily pay rate for days accumulated prior to July 1, 2013, and 50% of the daily rate of pay for days accumulated July 1, 2013 and after. The payment will be made over a three (3) month period following the date of retirement or at the employee's option can be paid in the first three (3) months period following the date of retirement or at the employee's option can be paid in the first three months of the following calendar year. Part time employees will receive benefits prorated on a base of 13,020 total hours (186 days x 7 hours per day x 10 years).