Surrender of Unused Days. On an annual basis, each principal who has completed at least three years of service to the District may surrender a combination of up to 15 days of unused sick leave and floating holidays. In return for those days the individuals will receive their daily rate of pay times the number of surrendered days as a direct salary payment from July 1 through July 15 of the following year or as a payment into an investment(s) of the employee’s choice, including the District approved Health Care Savings Plan.
Surrender of Unused Days. On an annual basis, each principal hired on or before October 1, 2022 who has completed at least three years of service to the District may surrender a combination of up to 15 days of unused sick leave and floating holidays. In return for those days the individuals will receive their daily rate of pay times the number of surrendered days as a direct salary payment from July 1 through July 15 of the following year or as a payment into an investment(s) of the employee’s choice, including the District approved Health Care Savings Plan. On an annual basis, each principal after October 1, 2022 who has completed at least three years of service to the District may surrender a combination of up to 5 days of floating holidays. In return for those days the individuals will receive their daily rate of pay times the number of surrendered days as a direct salary payment from July 1 through July 15 of the following year or as a payment into an investment(s) of the employee’s choice, including the District approved Health Care Savings Plan.
Surrender of Unused Days. On a monthly basis, the Superintendent may surrender unused sick leave, vacation, and floating holidays. In return for those days the Superintendent will receive his daily rate of pay times the number of days surrendered. Only days earned subsequent to July 1, 2003 shall be considered for this surrender provision. Unused sick leave shall be paid by the District in one lump sum within 45 days following separation or retirement from the District. In the event of the death of the Superintendent, the unused days pay will be paid to the Superintendent’s designated beneficiary, or if there is none, to his estate.
Surrender of Unused Days. On an annual basis, a director hired on or before January 1, 2021 may surrender a combination of up to 15 days of unused sick leave, vacation, and floating holidays. In return for those days the individuals will receive their daily rate of pay times the number of surrendered days to be paid into an investment(s) of the employee’s choice or direct payment from July 1 through July 15 of the following school year. At no time will payment of unused days exceed 15 days. On an annual basis, a director hired after January 1, 2021 may surrender a combination of up to 10 days of unused vacation and floating holidays. In return for those days the individuals will receive their daily rate of pay times the number of surrendered days to be paid into an investment(s) of the employee’s choice or direct payment from July 1 through July 15 of the following school year. At no time will payment of unused days exceed 10 days.
Surrender of Unused Days. On an annual basis, each principal hired on or before October 1, 2022 who has completed at least three years of service to the District may surrender a combination of up to 15 days of unused sick leave and floating holidays. In return for those days the individuals will receive their daily rate of pay times the number of surrendered days as a direct salary payment from July 1 through July 15 of the following year or as a payment into an investment(s) of the employee’s choice, including the District approved Health Care Savings Plan. The election to surrender accumulated sick leave and/or floating holiday must be made prior to the accrual of the sick leave or floating holiday (July 1st of the year of direct salary payment) and is irrevocable during that period and therefore may not be rescinded or changed. On an annual basis, each principal after October 1, 2022 who has completed at least three years of service to the District may surrender a combination of up to 5 days of floating holidays. In return for those days the individuals will receive their daily rate of pay times the number of surrendered days as a direct salary payment from July 1 through July 15 of the following year or as a payment into an investment(s) of the employee’s choice, including the District approved Health Care Savings Plan. The election to surrender floating holiday must be made prior to the accrual of the floating holiday (July 1st of the year of direct salary payment) and is irrevocable during that period and therefore may not be rescinded or changed.
