Common use of TERMINAL LEAVE Clause in Contracts

TERMINAL LEAVE. A. Eligibility will be governed by the following: 1. He/she must have eleven (11) or more years of service with the Pinconning Area Schools. 2. He/she must have been employed by the System for one or more years following ratification of this Agreement. 3. A teacher, who leaves the System before qualifying for terminal leave payments, shall forfeit all rights for payment. If a teacher is granted a leave of absence for one semester or more, then he/she shall not accumulate terminal payment time during the leave. However, time accumulated before or after a return from leave shall be considered terminal leave accumulated time. B. Terminal leave pay shall be computed as follows: 1. Fifty Dollars ($50.00) shall be paid for each year of service up to a maximum of thirty (30) years. 2. The Board will pay Sixty Dollars ($60.00) for each day of accumulated sick leave. 3. In the event of death, all terminal leave benefits accumulated shall be paid to the teacher's designated beneficiary. C. Terminal leave shall be paid in one of the 403 (b) options that are available through the District.

TERMINAL LEAVE. A. Eligibility will be governed by the following: 1. He/she must have eleven (11) or more years of service with the Pinconning Area Schools. 2. He/she must have been employed by the System for one or more years following ratification of this Agreement. 3. A teacher, who leaves the System before qualifying for terminal leave payments, shall forfeit all rights for payment. If a teacher is granted a leave of absence for one semester or more, then he/she shall not accumulate terminal payment time during the leave. However, time accumulated before or after a return from leave shall be considered terminal leave accumulated time. B. Terminal leave pay shall be computed as follows: 1. Fifty Dollars dollars ($50.00) shall be paid for each year of service up to a maximum of thirty (30) years. 2. The Board will pay Sixty Dollars seventy-five dollars ($60.0075.00) for each day of accumulated sick leave. 30. In Xx the event of death, all terminal leave benefits accumulated shall be paid to the teacher's designated beneficiary. C. Terminal leave shall be paid in one of the 403 (b) options that are available through the District.

TERMINAL LEAVE. A. Eligibility will be governed by the following: 1. He/she must have eleven (11) or more years of service with the Pinconning Area Schools. 2. He/she must have been employed by the System for one or more years following ratification of this Agreement. 3. A teacher, who leaves the System before qualifying for terminal leave payments, shall forfeit all rights for payment. If a teacher is granted a leave of absence for one semester or more, then he/she shall not accumulate terminal payment time during the leave. However, time accumulated before or after a return from leave shall be considered terminal leave accumulated time. B. Terminal leave pay shall be computed as follows: 1. Fifty Dollars ($50.00) shall be paid for each year of service up to a maximum of thirty (30) years. 2. The Board will pay Sixty Fifty Five Dollars ($60.0055.00) for each day of accumulated sick leave. 3. In the event of death, all terminal leave benefits accumulated shall be paid to the teacher's designated beneficiary. C. Terminal leave shall be paid in one of the 403 (b) options that are available through the District.