Common use of HCSP Payment Clause in Contracts

HCSP Payment. A teacher hired after July 1, 2020 is not eligible for this section. A teacher who retires under the terms of “ARTICLES XV” and who meets the qualifications of “Section 5.” above shall receive a one-time payment of $5,000 to the teacher’s HCSP account. To be eligible for the payment, the teacher must provide a written resignation by January 1 of his/her final year of teaching with retirement taking effect at the end of the school year. Any teacher granted an extended leave of absence in which the District makes TRA payments for the teacher will not be eligible for this payment. The District shall have the discretion to waive these timelines in cases of extenuating circumstances.

Appears in 3 contracts

Samples: Agreement, core-docs.s3.amazonaws.com, Agreement

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HCSP Payment. A teacher hired after July 1, 2020 is not eligible for this section. A teacher who retires under the terms of “ARTICLES XV” and “XVI” and who meets the qualifications of “Section 53.” above Above shall receive a one-time payment of $5,000 to the teacher’s HCSP account. To be eligible for the payment, the teacher must provide a written resignation by January 1 of his/her final year of teaching with retirement taking effect at the end of the school year. Any teacher granted an extended leave of absence in which the District makes TRA payments for the teacher will not be eligible for this payment. The District shall have the discretion to waive these timelines in cases of extenuating circumstances.

Appears in 2 contracts

Samples: Agreement, Agreement

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