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. Upon termination, bargaining unit members who have been in a bargaining unit position for ten (10) or more years shall receive $150 for each year of service to Xxxxxxx Public Schools. 1. A bargaining unit member who has 80 or more days of accumulated sick leave at the point of termination shall receive an additional $60 per accumulated sick leave day (Prorated at 35 hours = 1.0 FTE). 2. A bargaining unit member who has 120 or more days of accumulated sick leave at the point of termination shall receive an additional $80 per accumulated sick leave day for the 120 and above in addition to Item 18.B.1. (Prorated at 35 hours = 1.0 FTE). 3. Termination shall be defined as separation for other than just cause as defined in Article 4, Section K. 4. A day for purposes of calculating termination payment is defined in Article 14, Leaves of Absence. C. Any Bargaining unit member who submits an unconditional and irrevocable written resignation to the District on or before 4:00 p.m. on the Friday of the second full week in April (Friday after returning from Spring break) shall be entitled to receive a one-time payment of one thousand two hundred dollars ($1,200) (less employee FICA, tax withholding and other legally required deductions). Any bargaining unit member who submits an unconditional and irrevocable written resignation to the District on or before 4:00 p.m. on the last day of the first semester of the school year shall be entitled to receive a one-time payment of one thousand seven hundred dollars ($1,700) (less employee FICA, tax withholding and other legally required deductions).

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. Upon termination, bargaining unit members who have been in a bargaining unit position for ten (10) or more years shall receive $150 for each year of service to Xxxxxxx Public Schools. 1. A bargaining unit member who has 80 or more days of accumulated sick leave at the point of termination shall receive an additional $60 per accumulated sick leave day (Prorated at 35 hours = 1.0 FTE). 2. A bargaining unit member who has 120 or more days of accumulated sick leave at the point of termination shall receive an additional $80 per accumulated sick leave day for the 120 and above in addition to Item 18.B.1. (Prorated at 35 hours = 1.0 FTE). 3. Termination shall be defined as separation for other than just cause as defined in Article 4, Section K. 4. A day for purposes of calculating termination payment is defined in Article 14, Leaves of Absence. C. Any Bargaining unit member who submits an unconditional and irrevocable written resignation to the District on or before 4:00 p.m. on the Friday of the second full week in April (Friday after returning from Spring break) shall be entitled to receive a one-time payment of one thousand two hundred dollars ($1,200) (less employee FICA, tax withholding and other legally required deductions). Any bargaining unit member who submits an unconditional and irrevocable written resignation to the District on or before 4:00 p.m. on the last day of the first semester of the school year shall be entitled to receive a one-time payment of one thousand seven hundred dollars ($1,700) (less employee FICA, tax withholding and other legally required deductions).

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. Upon termination, bargaining unit members who have been in a bargaining unit position for ten (10) or more years shall receive $150 for each year of service to Xxxxxxx Public Schools. 1. A bargaining unit member who has at least 80 or more days of accumulated sick leave at the point of termination shall receive an additional $60 per accumulated sick leave day (Prorated at 35 hours = 1.0 FTE)day. 2. A bargaining unit member who has 120 or more days of accumulated sick leave at the point of termination shall receive an additional $80 per accumulated sick leave day for the 120 and above in addition to Item 18.B.1. (Prorated at 35 hours = 1.0 FTE). 3. Termination shall be defined as separation for other than just cause as defined in Article 4, Section K. 43. A day for purposes of calculating termination payment is defined in Article 14, Leaves of Absence. C. Any Bargaining unit member who submits an unconditional and irrevocable written resignation to the District on or before 4:00 p.m. on the Friday of the second full week in April (Friday after returning from Spring break) shall be entitled to receive a one-time payment of one thousand two hundred dollars ($1,200) (less employee FICA, tax withholding and other legally required deductions). Any bargaining unit member who submits an unconditional and irrevocable written resignation to the District on or before 4:00 p.m. on the last day of the first semester of the school year shall be entitled to receive a one-time payment of one thousand seven hundred dollars ($1,700) (less employee FICA, tax withholding and other legally required deductions).