SEVERANCE AND TAX SHELTERS Sample Clauses

SEVERANCE AND TAX SHELTERS. Section 1. Severance: Administrators who are at least fifty-five (55) years of age and upon retirement from the district shall be eligible for health and/or other benefits paid at District expense in accordance to the provisions of this Article upon submission of a written resignation accepted by the School Board.
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SEVERANCE AND TAX SHELTERS. Section 1. Severance: Administrators with a minimum of 5 years’ experience as an administrator in the District, who are at least fifty-five (55) years of age, who have accumulated unused sick leave will be granted up to 120 days of said leave to be transferred to a Health Reimbursement Arrangement (HRA). The value of these days will be calculated off the current daily contract rate. Any administrator hired in 2022 or prior would qualify under section 1 if they are at least 55 years of age.

Related to SEVERANCE AND TAX SHELTERS

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  • SHORT-TERM ILLNESS AND INJURY AND LONG-TERM DISABILITY Employees shall be entitled to coverage for short term illness and injury and long term disability in accordance with agreed upon regulations which will be subject to review and revision during the period of this Agreement by negotiations between the Parties and included as Appendix A to this Agreement.

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  • Workplace Safety Insurance Benefits (WSIB) Top Up Benefits If the employee is in a class of employees that, on August 31, 2012, was entitled to use unused sick leave credits for the purpose of topping up benefits received under the Workplace Safety and Insurance Act, 1997;

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  • Overload Compensation ‌ An instructional faculty member may be given overload compensation for additional instructional responsibilities beyond the normal work day or work year. The conditions and compensation of all overload duties shall be established prior to the beginning of additional instructional work. The rate of compensation shall be paid on a prorated salary basis. When calculating the prorated hourly salary under this section, the academic year salary shall be divided by 1344 hours. Faculty members have the option of refusing additional work assignments: when this occurs the rate of compensation will be agreed upon between the employer and the faculty member.

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