Common use of SEVERANCE PAY UPON RETIREMENT Clause in Contracts

SEVERANCE PAY UPON RETIREMENT. A. Employees of the Knox County Career Center School District may, at the time of their retirement from service from the Knox County Career Center School District, elect to be paid in cash for one-third (1/3) of the value of their unused accumulative sick leave earned in public service in Ohio. Only those employees whose effective date of retirement with the State Teachers Retirement System is no later than ninety (90) calendar days after the last paid day of service with the Knox County Career Center School District shall be eligible to be paid for unused cumulative sick leave. The maximum payment shall be for one-third (1/3) of the accumulative sick leave in the State of Ohio, not to exceed ninety- two (92) days.

SEVERANCE PAY UPON RETIREMENT. A. Employees of the Knox Xxxx County Career Center School District may, at the time of their retirement from service from the Knox Xxxx County Career Center School District, elect to be paid in cash for one-third (1/3) of the value of their unused accumulative sick leave earned in public service in Ohio. Only those employees whose effective date of retirement with the State Teachers School Employees Retirement System is no later than ninety (90) calendar days after the last paid day of service with the Knox Xxxx County Career Center School District shall be eligible to be paid for unused cumulative sick leave. The maximum payment shall be for one-third (1/3) of the accumulative sick leave in the State of Ohio, not to exceed ninety- two (92) days.

SEVERANCE PAY UPON RETIREMENT. A. Employees of the Knox County Career Center School District may, at the time of their retirement from service from the Knox County Career Center School District, elect to be paid in cash for one-third (1/3) of the value of their unused accumulative sick leave earned in public service in Ohio. Only those employees whose effective date of retirement with the State Teachers School Employees Retirement System is no later than ninety (90) calendar days after the last paid day of service with the Knox County Career Center School District shall be eligible to be paid for unused cumulative sick leave. The maximum payment shall be for one-third (1/3) of the accumulative sick leave in the State of Ohio, not to exceed ninety- two (92) days.

SEVERANCE PAY UPON RETIREMENT. A. Employees of the Knox Xxxx County Career Center School District may, at the time of their retirement from service from the Knox Xxxx County Career Center School District, elect to be paid in cash for one-third (1/3) of the value of their unused accumulative sick leave earned in public service in Ohio. Only those employees whose effective date of retirement with the State Teachers Retirement System is no later than ninety (90) calendar days after the last paid day of service with the Knox Xxxx County Career Center School District shall be eligible to be paid for unused cumulative sick leave. The maximum payment shall be for one-third (1/3) of the accumulative sick leave in the State of Ohio, not to exceed ninety- two (92) days.