Termination/Severance Pay. a. Provided the bargaining unit member gives notice of resignation by March 1 effective at the end of the school year, upon leaving the Bexley School system after ten (10) years of service in the Bexley School system, bargaining unit members shall be paid remuneration for their unused sick leave according to the following provisions: b. The amount to be paid to the bargaining unit member terminating shall be determined by multiplying the number of days credit by the daily rate of pay. c. The daily rate of pay shall be the bargaining unit member’s salary at the time of termination divided by the number of days in the contract year. d. The number of days of credit shall be one-fourth (1/4) of the number of accumulated days of unused sick leave to a maximum of twenty-six and one-quarter (26.25) days.
Appears in 7 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Master Agreement
