Retirement Incentive. 2.151 An employee who retires will receive a retirement incentive bonus based on the following formula: ½% (.005) of the employee's average total compensation the last three (3) full years of his/her employment in the district multiplied by (X) the number of complete years of service in the Fairfield Local Schools. The following restrictions apply to this incentive:
Appears in 4 contracts
Samples: Entire Agreement, Master Contract, Master Contract
Retirement Incentive. 2.151 h.1 An employee who retires will receive a retirement incentive bonus based on the following formula: ½% (.005) of the employee's average total compensation the last three (3) full years of his/her employment in the district district. multiplied by (X) the number of complete years of service in the Fairfield Local Schools. The following restrictions apply to this incentive:
Appears in 2 contracts
Samples: Master, Master Contract
Retirement Incentive. 2.151 a. An employee who retires will receive a retirement incentive bonus based on the following formula: ½% (.005) of the employee's average total compensation the last three (3) full years of his/her employment in the district multiplied by (X) the number of complete years of service in the Fairfield Local Schools. The following restrictions apply to this incentive:
Appears in 2 contracts
Samples: Master Contract, Master
