Common use of Payments at Retirement Clause in Contracts

Payments at Retirement. Section 1: If an employee with ten (10) years of service with the College begins drawing retirement benefits under the provisions of the Michigan Public Schools Employee Retirement System (MPSERS) within thirty (30) calendar days of retirement, he/she shall be paid for his/her unused sick leave up to a maximum of ninety‐four (94) days. Part‐time employees shall have the benefit reduced according to their percent of full‐time employment.

Appears in 2 contracts

Samples: Agreement, Agreement

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Payments at Retirement. Section 1: If an employee with ten (10) years of service with the College begins drawing retirement benefits under the provisions of the Michigan Public Schools Employee Retirement System (MPSERS) within thirty (30) calendar days of retirement, he/she shall be paid for his/her unused sick leave up to a maximum of ninety‐four ninety-four (94) days. Part‐time Part-time employees shall have the benefit reduced according to their percent of full‐time full-time employment.

Appears in 2 contracts

Samples: Agreement, Agreement

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