Retirement or Separation from Service. Eligibility for contributions at retirement or separation from service is limited to employees who retire or separate from service with sick leave cash out rights during the term hereof. Excess sick leave shall be defined as the sick leave days accruing to the credit of such employee during the term of this agreement.
Retirement or Separation from Service. A. Accumulated Unused Sick Days: Upon the Superintendent's retirement, the Board will pay all unused, accumulated sick days earned while an employee of the Board, in accordance with law. Payment shall be calculated at the rate of 1/260th of the Superintendent's annual base salary at the time of retirement. Pursuant to N.J.S.A. 18A:30-3:5, payment shall not exceed $15,000.00.
Retirement or Separation from Service. If an employee elects to retire or separate from service during the fiscal year, their uniform allowance will be pro-rated accordingly. If the allowance has been paid prior to retirement or separation, the employee shall reimburse the Village the appropriate pro rata amount either by cash payment or by deduction from their last paycheck. Proration shall be based upon the number of days from beginning of the fiscal year until the end of the fiscal year,
Retirement or Separation from Service. Eligibility for contributions at retirement or separation from service is limited to employees who retire or separate from service with vacation leave cash-out rights during the term of this agreement. [ ] Personal Leave Contributions: Eligibility for contributions is limited to employees who have accumulated <##> days of unused personal leave. To be eligible, an employee must have unused personal leave cash-out rights during the term of this agreement.
