Common use of Vacation Leave and Holidays Clause in Contracts

Vacation Leave and Holidays. a. On June 3, 2022, the District Superintendent shall carry forward in this Contract and be credited with all of his unused vacation leave accrued during his employment with the District. In addition, the District Superintendent shall receive twenty-six (26) days of vacation leave with full pay each year of this Contract, which shall be credited in full on July 1, 2022 and July 1 of each subsequent year of this Contract. On June 30th of each year of this Contract, the District shall pay the District Superintendent his then-current per diem rate for each day of unused vacation leave up to a maximum payment for fifteen (15) days of unused vacation leave. (“Per diem rate” as the term is used throughout this Contract shall equal the District Superintendent's then-current gross annual salary divided by two hundred sixty). The District shall make such payment as a non-elective employer contribution to the District Superintendent’s 403(b) tax-sheltered annuity plan (“403(b) Plan”). These non-elective contributions shall be subject to the limits established by law for such accounts. There is no cash option for such payments. The District Superintendent’s unused vacation leave, if any, which is not paid out under this Paragraph shall carry forward and accrue from year to year, not to exceed maximum amounts permitted by law. b. Subject to any maximum accrual of days permitted by law, the School District shall pay the District Superintendent for unused days of vacation leave at the time this Contract is terminated for any reason, whether voluntarily or involuntarily, at which time the School District shall pay the District Superintendent his then-current per diem rate for each day of unused vacation leave. The District shall make such payment for unused vacation leave as a non- elective employer contribution into the District Superintendent’s 403(b) Plan. If the payment amount exceeds the contribution limits under Section 415(c) of the Internal Revenue Code, the excess shall be contributed in subsequent years until such payment is fully made, subject to the limitations of the Internal Revenue Code. There is no cash option for such payments for unused vacation leave. c. The District Superintendent shall receive, with full pay, the same holidays available to twelve-month administrative employees covered under the School District's administrator compensation plan adopted pursuant to Section 1164 of the Public School Code (24 P.S. 11-1164) (“Administrator Compensation Plan”).

Appears in 1 contract

Samples: Contract for Employment of District Superintendent

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Vacation Leave and Holidays. a. On June 3July 1, 20222024, the District Superintendent shall carry forward in this Contract and be credited with all of his unused vacation leave accrued during his employment with the District. In addition, the District Superintendent shall receive twenty-twenty- six (26) days of vacation leave with full pay each year of this Contract, which shall be credited in full on July 1, 2022 2024 and July 1 of each subsequent year of this Contract. On June 30th of each year of this Contract, the District shall pay the District Superintendent his then-current per diem rate for each day of unused vacation leave up to a maximum payment for fifteen (15) days of unused vacation leave. (“Per diem rate” as the term is used throughout this Contract shall equal the District Superintendent's then-current gross annual salary divided by two hundred sixty). The District shall make such payment as a non-non- elective employer contribution to the District Superintendent’s 403(b) tax-sheltered annuity plan (“403(b) Plan”). These non-elective contributions shall be subject to the limits established by law for such accounts. There is no cash option for such payments. The District Superintendent’s unused vacation leave, if any, which is not paid out under this Paragraph shall carry forward and accrue from year to year, not to exceed maximum amounts permitted by law. b. Subject to any maximum accrual of days permitted by law, the School District shall pay the District Superintendent for unused days of vacation leave at the time this Contract is terminated for any reason, whether voluntarily or involuntarily, at which time the School District shall pay the District Superintendent his then-current per diem rate for each day of unused vacation leave. The District shall make such payment for unused vacation leave as a non- elective employer contribution into the District Superintendent’s 403(b) Plan. If the payment amount exceeds the contribution limits under Section 415(c) of the Internal Revenue Code, the excess shall be contributed in subsequent years until such payment is fully made, subject to the limitations of the Internal Revenue Code. There is no cash option for such payments for unused vacation leave. c. The District Superintendent shall receive, with full pay, the same holidays available to twelve-month administrative employees covered under the School District's administrator compensation plan adopted pursuant to Section 1164 of the Public School Code (24 P.S. 11-1164) (“Administrator Compensation Plan”).

Appears in 1 contract

Samples: Contract for Employment of District Superintendent

Vacation Leave and Holidays. a. On June 3, 2022, the District Superintendent shall carry forward in this Contract and be credited with all of his unused vacation leave accrued during his employment with the District. In addition, the The District Superintendent shall receive twenty-six five (2625) days of vacation leave with full pay each year of this Contract, which shall be credited in full on July April 1, 2022 2023 and July 1 on April 1st of each subsequent year of this Contract. The District Superintendent shall not accumulate more than twenty-five days of vacation leave for any twelve-month period. On June 30th March 31st of each year of this Contract, the District shall pay the District Superintendent his then-current per diem rate of pay for each day of unused vacation leave up to a maximum payment for of fifteen (15) days of unused vacation leave. leave and/or unused personal leave (“Per per diem raterate of pay” as the term is used throughout this Contract shall equal the District Superintendent's then-current gross annual salary divided be calculated by two hundred sixty). The District shall make such payment as a non-elective employer contribution to dividing the District Superintendent’s 403(b) taxthen-sheltered annuity plan (“403(b) Plan”current annual salary by 232). These non-elective contributions shall be subject to the limits established by law for such accounts. There is no cash option for such payments. The District Superintendent’s unused vacation leave, if any, which is not paid out under this Paragraph shall carry forward and accrue from year to year, not to exceed maximum amounts permitted by law. b. Subject to any maximum accrual of days permitted by lawExcept as set forth below, the School District shall pay the District Superintendent for unused days of vacation leave at the time this Contract is terminated for any reason, whether voluntarily or involuntarily, including but not limited to retirement, resignation, termination, death, mutual consent, or non-renewal of this Contract, at which time the School District shall pay the District Superintendent (or in the event of his death, the District shall pay his surviving spouse or estate, if no surviving spouse) his then-current per diem rate of pay for each day of unused vacation leave up to a maximum payment for twenty-five (25) days of unused vacation leave. Notwithstanding any of the foregoing, The District shall not be obligated to make such payment any payments to the District Superintendent for unused vacation leave as a non- elective employer contribution into vacation, sick, or personal days in the District Superintendent’s 403(b) Plan. If the payment amount exceeds the contribution limits under event he is removed from office and has this Contract terminated for cause pursuant to Section 415(c) 10-1080 of the Internal Revenue Public School Code. In addition, the excess shall be contributed in subsequent years until such payment is fully made, subject to the limitations of the Internal Revenue Code. There is no cash option for such payments for unused vacation leave. c. The District Superintendent shall receive, with full pay, the same all holidays available to twelve-month administrative employees covered under the School District's ’s administrator compensation plan adopted pursuant to Section 1164 of the Public School Code (24 P.S. 11-1164) (“Administrator Compensation Plan”).

Appears in 1 contract

Samples: Contract for Employment of District Superintendent

Vacation Leave and Holidays. a. On June 3, 2022, the District The Superintendent shall carry forward in this Contract and be credited on the first day of this Contract with all of his unused vacation leave accrued during his employment with the District. In addition, the District Superintendent shall receive twenty-six twenty (2620) days of vacation leave with full pay each year of this Contract, which shall be credited in full on July 115, 2022 2023 and on July 1 1st of each subsequent year of this Contract. In addition, the unused portion of such allowance of vacation leave shall accrue from year to year without limit. The Superintendent agrees to notify the Board President at least five (5) days in advance when he intends to use more than two (2) consecutive days of vacation leave, except in cases of personal or family exigent circumstances, in which cases he shall notify the Board President as soon as practicable. On June 30th 30 of each year of this Contract, preceding the last year of this Contract, the Superintendent’s unused vacation leave, if any, shall be adjusted as follows: • The District shall pay make a lump sum cash payment to the District Superintendent in the amount of his then-current per diem rate of pay for each day of unused vacation leave up to a maximum payment for fifteen the first five (155) days of unused vacation leave; and • Additional unused vacation leave, if any, shall be carried over into the next year and accrue without limit. (“Per diem raterate of pay” as the term is used throughout this Contract shall equal the District Superintendent's then-current ’s gross annual salary divided by two hundred sixtysixty (260). The District shall make such payment as a non-elective employer contribution to the District Superintendent’s 403(b) tax-sheltered annuity plan (“403(b) Plan”). These non-elective contributions shall be subject to the limits established by law for such accounts. There is no cash option for such payments. The District Superintendent’s unused vacation leave, if any, which is not paid out under this Paragraph shall carry forward and accrue from year to year, not to exceed maximum amounts permitted by law. b. Subject to any maximum accrual of days permitted by lawIn addition, the School District shall pay the District Superintendent for unused days of vacation leave at the time this Contract is terminated for any reason, whether voluntarily or involuntarily, at which time the School District shall pay the District Superintendent his then-current per diem rate of pay for each day of unused vacation leavevacation. The District shall make such Such payment for unused vacation leave as shall be made in the form of a non- non-elective employer contribution into the District Superintendent’s a 403(b) Plan. If account for the payment amount exceeds Superintendent provided such contribution would not exceed the contribution limits under Section section 415(c) of the Internal Revenue CodeCode for the year. If the payment exceeds the applicable contribution limits, the excess shall be contributed into the Superintendent’s 403(b) account in subsequent years until such payment is if fully made, subject to the limitations of the Internal Revenue Code. There is no cash option for such payments for unused vacation leave. c. The District payment. n In addition, the Superintendent shall be entitled to receive, with full pay, the same all holidays available to twelve-month administrative employees covered under the School District's ’s then-current administrator compensation plan adopted pursuant to Section 1164 of the Public School Code (24 P.S. 11-11- 1164) (“Administrator Compensation PlanInstructional Act 93 Agreement”).

Appears in 1 contract

Samples: Employment Agreement

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Vacation Leave and Holidays. a. On June 3, 2022, the The District Superintendent shall carry forward in this Contract and be credited on July 1, 2019 with all of his days of unused vacation leave accrued during his employment with the District. In addition, the District Superintendent shall receive twenty-six twenty (2620) days of vacation leave with full pay each year of this Contract, which shall be credited in full on July 1, 2022 2019 and on July 1 1st of each subsequent year of this Contract. Unused days of vacation leave may accumulate from year to year to a maximum of forty (40) days of vacation leave. On June 30th of each year of this Contract, the District Superintendent’s unused vacation leave, if any, shall pay be adjusted as follows: a) The District shall make a lump sum cash payment to the District Superintendent in the amount of his then-current per diem rate of pay for each day of unused vacation leave up to a maximum payment for fifteen the first ten (1510) days of unused vacation leave above the maximum accumulation (i.e., above 40 days), which shall then be treated as used; and b) Any additional unused vacation leave other than the accumulated days shall be converted and credited to the District Superintendent as sick leave. (“Per diem raterate of pay” as the term is used throughout this Contract shall equal the District Superintendent's then-current ’s gross annual salary divided by two hundred sixtyforty-nine (249). The District shall make such payment as a non-elective employer contribution to the District Superintendent’s 403(b) tax-sheltered annuity plan (“403(b) Plan”). These non-elective contributions shall be subject to the limits established by law for such accounts. There is no cash option for such payments. The District Superintendent’s unused vacation leave, if any, which is not paid out under this Paragraph shall carry forward and accrue from year to year, not to exceed maximum amounts permitted by law. b. Subject to any maximum accrual of days permitted by law, the School District shall pay the District Superintendent for unused days of vacation leave at the time this Contract is terminated for any reasondue to retirement, whether voluntarily resignation, termination, mutual consent, death, or involuntarily, non-renewal of this Contract at which time the School District shall pay the District Superintendent his then-current per diem rate of pay for each day of unused vacation leave. The It is understood, however, that if the District shall make such payment Superintendent is terminated for cause for reasons specified in Section 1080 of the Public School Code or if the District Superintendent resigns without giving the Board at least sixty (60) days’ written notice prior to the effective date of the resignation, he will not be paid for any unused vacation leave as a non- elective employer contribution into days. In the event of the District Superintendent’s 403(b) Plandeath, payment shall be made to the District Superintendent’s spouse or to his estate if no surviving spouse. If the payment amount exceeds the contribution limits under Section 415(c) of the Internal Revenue CodeIn addition, the excess shall be contributed in subsequent years until such payment is fully made, subject to the limitations of the Internal Revenue Code. There is no cash option for such payments for unused vacation leave. c. The District Superintendent shall receive, with full pay, the same all holidays available to twelve-month administrative employees District administrators covered under the School District's ’s administrator compensation plan adopted pursuant to Section 1164 of the Public School Code (24 P.S. 11-1164) (hereinafter Administrator Compensation Act 93 Plan”). If the District Superintendent is required to work during any such District holiday, he shall be entitled to another day of paid leave at his discretion.

Appears in 1 contract

Samples: Contract for Employment of District Superintendent

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