REIMBURSEMENT FOR UNUSED SICK DAYS. The Employer agrees to reimburse Employees who retire under the provisions of the Public School Employees’ Retirement System, so long as the Employee provides the District 90 calendar days’ notice of retirement. This requirement will not apply if the retirement is a disability retirement. The reimbursement will be at one-third of the Employee’s full-time per diem rate per unused sick day up to a maximum of one hundred thirty-five (135) days. The Employer shall contribute this reimbursement as a nonelective contribution to the Employee’s tax sheltered annuity 403(b) plan and 457(b) plan as permitted by law.
REIMBURSEMENT FOR UNUSED SICK DAYS. The Employer agrees to reimburse Employees who retire under the provisions of the Public School Employees' Retirement System, so long as the Employee provides the District 90 calendar days notice of retirement. This requirement will not apply if the retirement is a disability retirement. The xxxx- bursement will be at one-third of the Employee's full-time per diem rate per unused sick day to a maximum of one hundred thirty (130) days for years one and two of this contract and one hundred thirty-five (135) days thereafter. The Employer agrees, at the Employee’s request, to contribute this reimbursement in the employee’s tax sheltered annuity 403(b) plan and 457(b) as permitted by law.
REIMBURSEMENT FOR UNUSED SICK DAYS. 1. Any employee who has worked at least fifteen (15) full years in the North Hunterdon-Xxxxxxxx Regional High School District shall, upon retirement or resignation, be reimbursed for all accumulated but unused sick days. The rate of payment shall be one day's pay for each two unused sick days, calculated from the employee's average salary paid in the final three (3) years of employment. The reimbursement shall be paid to the former employee or to his designated beneficiary in five equal installments, without interest, payable on or about September 1 of each of the five school years following his retirement or resignation.
REIMBURSEMENT FOR UNUSED SICK DAYS. Any employee who has worked at least fifteen (15) full years in the North Hunterdon-Xxxxxxxx Regional High School District shall, upon retirement or resignation, be reimbursed for accumulated but unused sick days. The rate of payment shall be one (1) day’s pay for each two (2) unused sick days, cal- culated from the average salary paid during the final three (3) years of employment. The reimbursement shall be paid to the former employee or his designated beneficiary in five (5) equal installments payable on or about September 1 of each of the five (5) school years following his retirement or resignation. The maximum payment shall be $30,000, or, if the individual’s cost entitlement on June 30, 2001 is higher than $30,000, the individual shall be entitled to a maximum as high as the June 30, 2001 amount. Payments to be made in a accordance with applicable I.R.S. Regulations.
REIMBURSEMENT FOR UNUSED SICK DAYS. A. Accumulated unused sick days for non-TRS credible service at the maximum allowable days of fifty (50) will be reimbursed to retirees at the current substitute teacher daily pay rate.
REIMBURSEMENT FOR UNUSED SICK DAYS. If a bargaining unit member has ten years of service in the District and leaves the District for any reason other than dismissal for cause, he/she shall be paid $40.00 per day. If an employee’s service ends due to death then any accumulated unused sick leave shall be paid to his/her estate.
