Common use of Deduction for Severance Pay Clause in Contracts

Deduction for Severance Pay. In the event a teacher is eligible for a severance or retirement payment pursuant to any other article of this Agreement, any School District contribution made pursuant to this article shall be deducted from such severance/retirement payment at the time of the teacher’s retirement.

Deduction for Severance Pay. In the event a teacher principal is eligible for a severance or retirement payment pursuant to any other article of this Agreement, any School District contribution made pursuant to this article shall be deducted from such severance/retirement payment at the time of the teacherprincipal’s retirement.