Common use of SICK LEAVE GRATUITY PLAN Clause in Contracts

SICK LEAVE GRATUITY PLAN. 24.01 (a) The Board shall pay to each teacher upon retirement, as defined in Article 24.01(h) or to a teacher's estate in the event of the teacher's death, a gratuity based on the unexpended portion of the teacher's sick leave credits accumulated with the Board and computed in accordance with the following formulae: Years of service with the Board % of Sick Leave Credits x 1/200 of annual salary

SICK LEAVE GRATUITY PLAN. 24.01 27.01 (a) The Board shall pay to each teacher upon retirement, as defined in Article 24.01(h27.01(h) or to a teacher's estate in the event of the teacher's death, a gratuity based on the unexpended portion of the teacher's sick leave credits accumulated with the Board and computed in accordance with the following formulae: Years 1 year of service with the Board 1 % of Sick Leave Credits S/L credits x 1/200 of Of annual salarySalary 2 " 2 " " " 3 " 3 " " "

SICK LEAVE GRATUITY PLAN. 24.01 27.01 (a) The Board shall pay to each teacher upon retirementwho retires on a superannuation or disability allowance pursuant to Teachers' Pension Act, as defined in Article 24.01(h) or to a teacher's estate in the event of the teacher's death, a gratuity based on the unexpended portion of the teacher's sick leave credits accumulated with the Board and computed in accordance with the following formulae: Years 1 year of service with the Board 1 % of Sick Leave Credits S/L credits x 1/200 of Of annual salarySalary 2 " 2 " " " 3 " 3 " " "