Common use of Sick Leave Buy Out Clause in Contracts

Sick Leave Buy Out. 7.3.7-1 Upon retirement from the teaching profession, a teacher who has served his district for a minimum of 15 years and has reached the age of 55, shall be entitled to compensation for unused sick days. This will be at a rate of fifty ($50.00) dollars per unused sick day, subject to the maximum accrual allowed in paragraph 7. 3.1. The maximum liability to the Board per eligible teacher will not exceed $50 multiplied by the number of days in the teacher’s contract year. The benefit will be paid in three equal annual installments starting on the fifteenth of January of the year following retirement, or on a different schedule if mutually agreed upon by the Superintendent and teacher. 7.3.7-2 The following additional terms must be met in order for a teacher to receive the sick leave buyout: (1) The teacher shall submit a formal letter of resignation to the Superintendent no later than the first scheduled work day in January of the teacher’s final contract year. Specifically, the teacher shall: one, call or e- mail the LNSU H.R. Director by this date that the letter of resignation has been or will be submitted; and two, hand-deliver the letter by this date to the Central Office during C.O. work hours, OR, mail the letter so that it is postmarked no later than December 31. Once the letter is submitted, the teacher will no longer be entitled to a contract for the following school year, except as provided for in (2) below. (2) In the case of a major and unforeseeable change in personal life circumstances after a teacher has submitted a letter of resignation, such as death or serious disability of a spouse, a teacher may ask the Board to rescind the letter of resignation. The Board shall have the sole discretion to grant or deny the teacher’s request. If the request is granted, then the teacher shall be issued a contract consistent with all applicable terms of this Agreement. The Board’s decision shall be final and shall not be grievable under Article XV. (3) A teacher who elects to retire without submitting a letter of resignation under the terms of (1) above shall not be entitled to any payment for unused sick leave upon retirement.

Sick Leave Buy Out. 7.3.7-1 Upon retirement from Any support staff employee covered by the teaching profession, a teacher bargaining units who has served his district for a minimum ten (10) years of 15 years continuous service with the same employer, inclusive of bona fide leaves of absence, and who has reached attained the age of 55, upon employment termination (except for misconduct or poor job performance) shall be entitled to compensation paid for accrued unused sick days. This will be at a rate of leave according to the following formula: fifty dollars ($50.00) dollars per unused sick day, subject to the maximum accrual allowed in paragraph 7. 3.1. The maximum liability to the Board per eligible teacher will not exceed $50 multiplied by the number of days in the teacher’s contract year. The benefit will be paid for each unused sick day to a maximum payment of $7,500. Payment will be made to the employee or his estate in three equal annual installments starting installments, the first due within 60 days of the employee’s departure and the remaining two on the fifteenth first and second anniversary of January of the year following retirement, or on termination. This is a different schedule once-in- a-lifetime benefit and may not be repeated if mutually agreed upon by the Superintendent and teachera former employee who has received this payment is subsequently rehired. 7.3.7-2 The following additional terms must be met in order for a teacher to receive the sick leave buyout: (1) The teacher A. Employee shall submit a formal letter of resignation to the Superintendent no later than the first scheduled work day in January of the teacheremployee’s final contract year. Specifically, the teacher employee shall: one, call or e- e-mail the LNSU H.R. HR Director by this date that the letter of resignation has been or will be submitted; and two, hand-deliver the letter by this date to the Central Office during C.O. work hours, OR, mail the letter so that it is postmarked no later than December 31. Once the letter is submitted, the teacher employee will no longer be entitled to a contract for the following school year, except as provided for in (2B) below. (2) B. In the case of a major and unforeseeable change in personal life circumstances after a teacher an employee has submitted a letter of resignation, such as death or serious disability of a spouse, a teacher an employee may ask the Board to rescind the letter of resignation. The Board shall have the sole discretion to grant or deny the teacheremployee’s request. If the request is granted, then the teacher employee shall be issued a contract consistent with all applicable terms of this Agreement. The Board’s decision shall be final and shall not be grievable under Article XVIV. (3) A teacher C. An employee who elects to retire resign without submitting a letter of resignation under the terms of (1A) above shall not be entitled have to any payment wait one year from the date of retirement for unused sick leave upon retirementinitial payment.

Sick Leave Buy Out. 7.3.7-1 Upon retirement from the teaching profession, a teacher who has served his district for a minimum of 15 years and has reached the age of 55, shall be entitled to compensation for unused sick days. This will be at a rate of fifty ($50.00) dollars per unused sick day, subject to the maximum accrual allowed in paragraph 7. 3.1. The maximum liability to the Board per eligible teacher will not exceed $50 multiplied by the number of days in the teacher’s contract year. The benefit will be paid in three equal annual installments starting on the fifteenth of January of the year following retirement, or on a different schedule if mutually agreed upon by the Superintendent and teacher. 7.3.7-2 The following additional terms must be met in order for a teacher to receive the sick leave buyout: (1) The teacher shall submit a formal letter of resignation to the Superintendent no later than the first scheduled work day in January of the teacher’s final contract year. Specifically, the teacher shall: one, call or e- mail the LNSU H.R. Director by this date that the letter of resignation has been or will be submitted; and two, hand-deliver the letter by this date to the Central Office during C.O. work hours, OR, mail the letter so that it is postmarked no later than December 31. Once the letter is submitted, the teacher will no longer be entitled to a contract for the following school year, except as provided for in (2) below. (2) In the case of a major and unforeseeable change in personal life circumstances after a teacher has submitted a letter of resignation, such as death or serious disability of a spouse, a teacher may ask the Board to rescind the letter of resignation. The Board shall have the sole discretion to grant or deny the teacher’s request. If the request is granted, then the teacher shall be issued a contract consistent with all applicable terms of this Agreement. The Board’s decision shall be final and shall not be grievable under Article XV. (3) A teacher who elects to retire without submitting a letter of resignation under the terms of (1) above shall not be entitled to any payment for unused sick leave upon retirement. 7.3.7-3 The following special eligibility requirement for the sick leave buy-out will apply to any LUSD teacher who had completed ten (10) years of continuous service as of July 1, 2010; such teachers will be considered to have forever fulfilled the qualifying continuous service requirement. However, all other above requirements will also have to be met before the benefit can be paid. (See Appendix C for a list of these employees.)