SEVERANCE PAY & RETIREMENT. Section 15.1 Effective July 1, 2003, employees will be eligible for severance pay upon voluntary termination of employment if he/she has at least twelve (12) years of service in the District. These employees will be eligible for an additional one hundred dollars ($100.00) severance pay for each year of service in the District. This amount is capped at two thousand dollars ($2,000.00) per individual.
Appears in 5 contracts
Samples: Master Agreement, Master Agreement, Memorandum of Agreement
SEVERANCE PAY & RETIREMENT. Section 15.1 16.1 Effective July 1, 2003, employees will be eligible for severance pay upon voluntary termination of employment if he/she has at least twelve (12) years of service in the District. These employees will be eligible for an additional one hundred dollars ($100.00) severance pay for each year of service in the District. This amount is capped at two thousand dollars ($2,000.00) per individual.
Appears in 2 contracts
Samples: Master Agreement, Master Agreement
