Sick Leave Liquidation Sample Clauses

Sick Leave Liquidation. A. An Administrator retiring with fifteen (15) or more years of regular service in the Hyde Park Central School District shall be granted one day’s pay (based on 1/240th of the administrator’s base salary earned in the final year of service) for every two (2) days of unused sick leave at the time of retirement [Subject to Article V, (D) (1) (C)]. The fifteen years of service requirement for the cash out of unused sick leave upon retirement shall be waived for any unit member who retires between June 18, 2014 through June 30, 2017. B. In order to receive this benefit, the Administrator must give written notice to the Board of Education and Superintendent of intent to retire at least six (6) months in advance.