Common use of RETIREMENT INCREMENT Clause in Contracts

RETIREMENT INCREMENT. Up to two thousand dollars ($2,000.00) of the vested Retirement 2 Sick Leave Amount [or such larger amount as may be subsequently allowed as additional 3 compensation for Indiana State Teachers Retirement Fund purposes] shall be paid to the 4 retiring teacher, less applicable withholdings, in the year of retirement.

RETIREMENT INCREMENT. Up to two thousand dollars ($2,000.00) of the vested Retirement 2 36 Sick Leave Amount [or such larger amount as may be subsequently allowed as additional 3 37 compensation for Indiana State Teachers Retirement Fund purposes] shall be paid to the 4 38 retiring teacher, less applicable withholdings, in the year of retirement.