Common use of Terminal Leave/Retirement Clause in Contracts

Terminal Leave/Retirement. In case of death or severance, a $100.00 terminal-leave payment for each year of service to the Northwest Community Schools will be paid to the Secretary or their estate. In case of retirement under the Michigan Retirement Act, a payment of $100.00 for each year of service to the Northwest Community Schools will be made to the Secretary. In case of layoff, this payment may be paid to the Secretary upon his/her request but must be repaid if the Secretary is re-employed by the district as a condition of re-employment.

Terminal Leave/Retirement. A. In case of death or severance, severance a $100.00 terminal-300.00 terminal leave payment for each year of service to the Northwest Community Schools will be paid to made the Secretary Administrator or their estate. In the case of retirement under the Michigan Retirement Act, a payment of $100.00 400.00 for each year of service to the Northwest Community Schools will be made to the SecretaryAdministrator. In case of layoff, this payment may be paid to the Secretary Administrator upon his/her request but must be repaid if the Secretary Administrator is re-employed by the district as a condition of re-employment. To be eligible the Administrator must have a minimum of ten (10) years of administrative/teaching experience in the Northwest Community Schools.