Common use of RETIREMENT AND TERMINATION Clause in Contracts

RETIREMENT AND TERMINATION. A. Upon termination of employment, the bargaining unit member shall be paid for all benefits that have accrued to him as of the date of said termination. In the event of the unit member's death, all such benefits shall be paid to his designated beneficiary. B. 1. Upon termination, bargaining unit members who have been in a bargaining position for ten (10) or more years shall receive an additional $63.05 per year of service to Xxxxxxx Public Schools.

Appears in 2 contracts

Samples: Master Agreement, Master Agreement

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RETIREMENT AND TERMINATION. A. Upon termination of employment, the bargaining unit member shall be paid for all benefits that have accrued to him as of the date of said termination. In the event of the unit member's death, all such benefits shall be paid to his designated beneficiary. B. 1. Upon termination, bargaining unit members who have been in a bargaining position for ten (10) or more years shall receive an additional One- Hundred Fifty ($63.05 150.00) dollars per year of service to Xxxxxxx Public Schools.

Appears in 1 contract

Samples: Master Agreement

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RETIREMENT AND TERMINATION. A. Upon termination of employment, the bargaining unit member shall be paid for all benefits that have accrued to him as of the date of said termination. In the event of the unit member's death, all such benefits shall be paid to his designated beneficiary. B. 1. Upon termination, bargaining unit members who have been in a bargaining position for ten (10) or more years shall receive an additional $63.05 100.00 per year of service to Xxxxxxx Public Schools.

Appears in 1 contract

Samples: Master Agreement

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