Whenever an Employee retires or xxxxxx employment from the Pine River Area Schools after ten Sample Clauses

Whenever an Employee retires or xxxxxx employment from the Pine River Area Schools after ten. (10) years of employment, the Employer shall pay a rate of forty-eight dollars ($48.00) per full day for accumulated paid time off up to a maximum of ninety (90) days or one hundred eighty (180) days if Employee has accrued more than ninety (90) as of September 1, 2014. Employees shall receive the accumulated paid time off pay as an employer contribution into a 403(b) fund on the School Board approved list. The employee has no option to receive cash.
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Related to Whenever an Employee retires or xxxxxx employment from the Pine River Area Schools after ten

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