Pay for Unused Sick Leave. An employee retiring from the District at age fifty-five (55) or older with ten (10) or more years of service with the District shall receive fifty dollars ($50.00) per day for each unused sick day above two hundred forty (240). Such payment shall be made one week after the conclusion of the first calendar month following the month in which the employee’s employment was terminated such that the payment will not constitute IMRF earnings (e.g. for an employee terminating employment on June 30, 2023, payment shall be paid on the first regularly scheduled payroll in August 2023).
Appears in 3 contracts
Pay for Unused Sick Leave. An employee retiring from Employees terminating service with the District at age fifty-five (55) or older with ten (10) or more years of service with the District shall receive fifty dollars ($50.0050) per day for each unused sick day above two hundred forty (240). Such payment shall be made one week after the conclusion of the first calendar month following the month in which the employee’s employment was terminated such that the payment will not constitute IMRF earnings (e.g. for an employee terminating employment on June 30, 2023, payment shall be paid on the first regularly scheduled payroll in August 2023August).
Appears in 3 contracts
Samples: Agreement, Agreement, www.woodstockschools.org
Pay for Unused Sick Leave. An employee retiring from the District at age fifty-five (55) or older with ten (10) or more years of service with the District shall receive fifty dollars ($50.00) per day for each unused sick day above two hundred forty (240). Such payment shall be made one week after the conclusion of the first calendar month following the month in which the employee’s employment was terminated such that the payment will not constitute IMRF earnings (e.g. for an employee terminating employment on June 30, 20232017, payment shall be paid on the first regularly scheduled payroll in August 20232017).
Appears in 1 contract
Samples: Agreement
