RETIREMENT AND SEVERANCE PAY. The Board shall xxxxx xxxxxxxxx to a teacher upon retirement or death. The teacher or the estate, in the event of death, shall receive within thirty (30) days of the last day of service severance pay computed from the teacher's current per diem rate of pay and based on one- fourth (1/4) of accumulated sick leave to a maximum of 300 days and personal leave of the teacher at the time of retirement or death.
Appears in 3 contracts
Samples: Master Contract, Master Contract, Master Contract
RETIREMENT AND SEVERANCE PAY. The Board shall xxxxx xxxxxxxxx to a teacher upon retirement or death. The teacher or the estate, in the event of death, shall receive within thirty (30) days of the last day of service severance pay computed from the teacher's current per diem rate of pay and based on one- fourth (1/4) of accumulated sick leave to a maximum of 300 200 days and personal leave of the teacher at the time of retirement or death.
Appears in 2 contracts
Samples: Aster Contract, Aster Contract
