SICK LEAVE CREDIT PAYMENT. 36.01 A Teacher having not less than five (5) consecutive years of contracted service with the Hastings and Xxxxxx Xxxxxx District School Board and its predecessors, immediately preceding cessation of employment, and who ceases to be employed by the Board because of age or who for reasons of ill health acceptable to the Board and who, upon retirement, is entitled to a pension under the Teachers Pension Act shall be eligible to receive a sick leave credit payment based on the following formula:
SICK LEAVE CREDIT PAYMENT. From Part A of Appendix A - “Retirement Gratuities were frozen as of August 31, 2012. A Teacher is not eligible to receive a sick leave credit gratuity or any non-sick leave credit retirement gratuity (such as, but not limited to, service gratuities or RRSP contributions) after August 31, 2012, except a sick leave credit gratuity that the Teacher had accumulated and was eligible to receive as of that day.
SICK LEAVE CREDIT PAYMENT. 11.01 The Employer shall pay to a Teacher, who has not fewer than five (5) consecutive years of contracted service with the Hastings and Xxxxxx Xxxxxx District School Board, and who resigns for the purpose of retiring to a pension (including commuted value under the TPP Act) an amount equal to the Teacher’s rate of salary, wages or other remuneration for one-half the number of days standing to the Teacher’s credit in the Teacher’s accumulated sick leave credit account.
