RETIREMENT PAY FOR UNUSED ACCUMULATED SICK DAYS Sample Clauses

RETIREMENT PAY FOR UNUSED ACCUMULATED SICK DAYS. The following provisions shall apply to all eligible employees. The Board shall provide the aggregate maximum sum of one hundred thousand ($100,000.00) dollars ("maximum") for each of the two years of this contract for payment of unused sick days upon retirement. Upon retirement, professional staff shall receive, subject to the maximum, thirty five ($35.00) dollars per unused sick day. Upon retirement, support staff shall receive, subject to the maximum, twenty- five ($25.00) dollars per unused sick day. Employees receiving this benefit shall have the option of delay of receipt of the payment until January 1 following the year of retirement. In the event that the number of employees eligible for this benefit, and/or the number of sick days claimed for this benefit result in exceeding the maximum in a given year, the payment to each employee in that year shall be reduced by the appropriately prorated amount.
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Related to RETIREMENT PAY FOR UNUSED ACCUMULATED SICK DAYS

  • Pay for Unused Sick Leave Unused sick leave not to exceed 70 days will be paid at the rate of $50 per day when the teacher retires or leaves U.S.D. 506 employment, provided the teacher has a minimum of 10 years of service in U.S.D. 506. Article VI: Activity Ticket Each teacher of U.S.D. 506 shall be issued an activity ticket, which shall be honored at all regular school functions held within the district. Said ticket shall not be honored at basketball tournaments and special events. Said ticket shall be honored for employee, spouse, and children who have not yet graduated from high school. The Board of Education will have an expectation that those teachers in attendance at school functions will assume a reasonable amount of general supervision as needed.

  • Sick Leave Accumulation a. All unused days of sick leave at full pay for all employees, shall accumulate to a maximum of two hundred ten (210) days. Such sick leave benefits so accrued will be usable after the annual full days allowed, and prior to any half pay benefits.

  • Vacation Accumulation (a) Vacations are not cumulative from year to year.

  • Compensation for Unused Sick Leave 1. Employees who enter County service after July 1, 1979, shall not be eligible for compensation for any of their unused sick leave credits.

  • Accumulated Sick Leave ‌ The Employer shall inform all employees at least once each year of the number of sick days accumulated and shall make the information available to an employee on request.

  • RETIREMENT PICK-UP 257. For the term of this Agreement, the CITY shall pick up the full amount of the employees’ contribution to retirement.

  • Maximum Accumulation Maximum accumulation amounts apply only to the amount of annual leave that may be carried over from one leave year to the next, and do not limit accumulated leave balances during the leave year.

  • TEACHER TEACHING ON CALL PAY AND BENEFITS 1. The employer will ensure compliance with vacation provisions under the Employment Standards Act in respect of the payment of vacation pay.

  • Payment for Unused Sick Leave a. An employee with less than ten (10) years of continuous University service, as defined herein, who separates from the University shall not be paid for any unused sick leave. For employees appointed on or before 1/7/03 University service includes continuous employment by the University or the State of Florida.

  • Holiday Coinciding with a Day of Vacation Where an employee is on vacation leave and a day of paid holiday falls within that period, the paid holiday shall not count as a day of vacation.

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