Common use of Unused Sick Days Clause in Contracts

Unused Sick Days. During the term of this contract period, any administrator with at least ten (10) years of service in the district shall be entitled to receive additional remuneration at the end of his/her final year of service for unused sick days. The additional remuneration will be calculated as follows: Unused Sick Days Amount Per Day # of sick days $70.00 For example, an administrator with 155 sick days at the time of his/her last day of service shall be remunerated by the following formula: 155 days x $70 = $10,850 Payment will be made in two (2) equal payments on or before January 15th of the first and second year after service. All payments shall be made to the District’s 403b account.

Appears in 1 contract

Samples: Act 93 Second Line Administrator Agreement

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Unused Sick Days. During the term of this contract period, any administrator employee retiring or leaving the school district with at least ten (10) years of service in the district shall be entitled to receive additional remuneration at the end of his/her final year of service for unused sick days. The additional remuneration will be calculated as follows: Unused Sick Days Amount Per Day # of sick days Sick Days $70.00 50.00 For example, an administrator employee with 155 sick days at the time of his/her last day of service shall be remunerated by the following formula: 155 days days’ x $70 50.00 = $10,850 Payment will be made in two (2) equal payments on or before January 15th of the first and second year after service. All payments shall be made to the District’s 403b account.7,750.00

Appears in 1 contract

Samples: District/Business Office Staff Agreement

Unused Sick Days. During the term of this contract period, any administrator administrative employee with at least ten (10) years of service in the district shall be entitled to receive additional remuneration at the end of his/her final year of service for unused sick daysdays accrued during service to the District. The additional remuneration will be calculated as follows: Unused Sick Days Amount Per Day # of sick days Sick Days $70.00 For example, an administrator with 155 sick days at the time of his/her last day of service shall be remunerated by the following formula: 155 days x $70 = $10,850 Payment will be made in two (2) equal payments on or before January July 15th of the first and second year after service. All payments shall be made to the Districtemployee’s 403b 403(b) account.

Appears in 1 contract

Samples: Business Manager Agreement

Unused Sick Days. During the term of this contract period, any administrator professional employee with at least ten (10) years of service in the district District shall be entitled to receive additional remuneration compensation at the end of his/her final year semester of service for unused sick days. The additional remuneration compensation will be calculated as follows: Unused Sick Days Amount Per Day # of sick days at $70.00 For example, an administrator with 155 for each unused sick days at the time of his/her last day of service shall be remunerated by the following formula: 155 days x $70 = $10,850 day. Payment will be made in two (2) equal payments on or before January 15th of the first and second year after serviceretirement. All payments shall be made to the District’s 403b account.

Appears in 1 contract

Samples: Professional Employees Agreement

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Unused Sick Days. During the term of this contract period, any administrator professional employee with at least ten (10) years of service in the district District shall be entitled to receive additional remuneration compensation at the end of his/her final year semester of service for unused sick days. The additional remuneration compensation will be calculated as follows: Unused Sick Days Amount Per Day # of at $65.00 for each unused sick days $70.00 For example, an administrator with 155 sick days at the time of his/her last day of service shall be remunerated by the following formula: 155 days x $70 = $10,850 day. Payment will be made in two (2) equal payments on or before January 15th of the first and second year after serviceretirement. All payments shall be made to the District’s 403b account.

Appears in 1 contract

Samples: Professional Employees Agreement

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