Common use of Sick Leave Bonus Clause in Contracts

Sick Leave Bonus. 1. Any teacher who has accumulated at least one hundred twenty (120) days of sick leave at the end of the final year of service with the School Corporation and is considered vested under the plan documents shall have the sum of two thousand dollars ($2,000) added to the compensation owed under the final teaching contract. 2. To receive the sick leave bonus the retiring teacher must submit a written unconditional and irrevocable letter of resignation to the Superintendent no later than March 1st of the year when retirement is to begin. However, in the event a teacher is unable to give the required notice because of an accident, illness, injury, or for another unforeseen reason, the teacher may petition the Board for the remainder of his/her entitlement to the sick leave bonus. 3. The $2,000 will be paid to the retiring teacher within three weeks of receipt of the letter of resignation, and this incentive payment will be included in the teacher's earnings history report to ISTRF.

Sick Leave Bonus. 1. Any teacher who has accumulated at least one hundred twenty (120) days of sick leave at the end of the final year of service with the School Corporation and is considered vested under the plan documents shall have the sum of two three thousand dollars ($2,0003,000) added to the compensation owed under the final teaching contract. 2. To receive the sick leave bonus the retiring teacher must submit a written unconditional and irrevocable letter of resignation to the Superintendent no later than March 1st of the year when retirement is to begin. However, in the event a teacher is unable to give the required notice because of an accident, illness, injury, or for another unforeseen reason, the teacher may petition the Board for the remainder of his/her entitlement to the sick leave bonus. 3. The $2,000 3,000 will be paid to the retiring teacher within three weeks of receipt of the letter of resignation, and this incentive payment will be included in the teacher's earnings history report to ISTRF.

Sick Leave Bonus. 1. Any teacher who has accumulated at least one hundred twenty (120) days of sick leave at the end of the final year of service with the School Corporation school corporation and is considered vested under the plan documents provisions of sub-section D above shall have the sum of two thousand dollars ($2,000) added to the compensation owed under the final teaching contract. 2. To receive the sick leave bonus the retiring teacher must submit a written unconditional and irrevocable letter of resignation to the Superintendent no later than March 1st of the year when retirement is to begin. However, in the event a teacher is unable to give the required notice because of an accident, illness, injuryill health, or for another unforeseen reason, the teacher may petition the Board for the remainder of his/her entitlement to the sick leave bonus. 3. The $2,000 will be paid to the retiring teacher within three weeks of receipt of the letter of resignationintent to retire, and this incentive payment will be included in the teacher's ’s earnings history report to ISTRF.

Sick Leave Bonus. 1. Any teacher who has accumulated at least one hundred twenty (120) days of sick leave at the end of the final year of service with the School Corporation and is considered vested under the plan documents shall have the sum of two thousand dollars ($2,000) added to the compensation owed under the final teaching contract. 2. To receive the sick leave bonus the retiring teacher must submit a written unconditional and irrevocable letter of resignation to the Superintendent no later than March 1st I" of the year when retirement is to begin. However, in the event a teacher is unable to give the required notice because of an accident, illness, injury, or for another unforeseen reason, the teacher may petition the Board for the remainder of his/her entitlement to the sick leave bonus. 3. The $2,000 will be paid to the retiring teacher within three weeks of receipt of the letter of resignation, and this incentive payment will be included in the teacher's earnings history report to ISTRF.