Service Incentive Bonus. All employees who plan to leave the school district at the completion of their regular contract year shall be offered a one-time $500 service incentive bonus recognizing their length of service and contributions to the Pasco School District. This shall be paid in a single installment. The purpose of this bonus is to both recognize service and to enlist the assistance of employees in providing for an orderly transition from one school year to the next. In order to participate in the service incentive bonus program, employees must signify their intent to leave the school district through a formal letter of resignation submitted to the Board of Directors no later than March 1 of the school year in which they intend to resign. This incentive bonus shall not be applicable in determining retirement benefits under the Teachers Retirement System (TRS).
Appears in 5 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
Service Incentive Bonus. All employees who plan to leave the school district at the completion of their regular contract year shall be offered a one-one time $500 service incentive bonus recognizing their length of service and contributions to the Pasco School District. This shall be paid in a single installment. The purpose of this bonus is to both recognize service and to enlist the assistance of employees in providing for an orderly transition from one school year to the next. In order to participate in the service incentive bonus program, employees must signify their intent to leave the school district through a formal letter of resignation submitted to the Board of Directors no later than March 1 of the school year in which they intend to resign. This incentive bonus shall not be applicable in determining retirement benefits under the Teachers Retirement System (TRS).
Appears in 2 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement
Service Incentive Bonus. All employees who plan to leave the school district at the completion of their regular contract year shall be offered a one-time $500 600 service incentive bonus recognizing their length of service and contributions to the Pasco School District. This shall be paid in a single installment. The purpose of this bonus is to both recognize service and to enlist the assistance of employees in providing for an orderly transition from one school year to the next. In order to To participate in the service incentive bonus program, employees must signify their intent to leave the school district through a formal letter of resignation submitted to the Board of Directors no later than March 1 February 15 of the school year in which they intend to resign. This incentive bonus shall not be applicable in determining retirement benefits under the Teachers Retirement System (TRS).
Appears in 2 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement