Payout of Unused Sick Days. Teachers who terminate employment, due to retirement under any circumstances under the State Retirement Act or death while employed by the district, shall receive a one time payment for unused sick days by applying the following formula: School Year Formula 2007-08 Unused sick days x years of service in the Xxxxxx Area Schools x $0.95 2008-09 Unused sick days x years of service in the Xxxxxx Area Schools x $1.00 Note: This money will be paid through a ‘Special Pay Plan’.
Appears in 2 contracts
Samples: Master Agreement, Master Agreement
Payout of Unused Sick Days. Teachers Employees who terminate employment, due to retirement under any circumstances under the State Retirement Act or death while employed by the district, shall receive a one one-time payment for unused sick days by applying the following formula: School Year Formula 2007-08 Unused sick days x years of service in the Xxxxxx Area Schools x $0.95 2008-09 Unused sick days x years of service in the Xxxxxx Area Schools x $1.00 Note: This money will be paid through a ‘Special Pay Plan’.Formula
Appears in 1 contract
Samples: Master Agreement
Payout of Unused Sick Days. Teachers who terminate employment, due to retirement under any circumstances under the State Retirement Act or death while employed by the district, shall receive a one time payment for unused sick days by applying the following formula: School Year Formula 2007-08 Unused sick days x years of service in the Xxxxxx Area Schools x $0.95 2008-09 Unused sick days x years of service in the Xxxxxx Area Schools x $1.00 Note: This money will be paid through a ‘Special Pay Plan’.Formula
Appears in 1 contract
Samples: Master Agreement
