Sick Leave Payoff. In recognition of service to the School District, a retirement leave payment of seventy dollars ($70.00) per day of accumulated unused sick leave, not to exceed nine hundred eighty dollars ($980.00), will be paid upon retirement, as defined under the Michigan Teachers' Retirement Act, provided the teacher has been employed in the District for ten (10) or more consecutive years.
Appears in 4 contracts
Samples: Master Agreement, Agreement, Master Agreement
Sick Leave Payoff. In recognition of service to the School District, a retirement leave payment of seventy ninety dollars ($70.0090.00) per day of accumulated unused sick leave, not to exceed nine one thousand two hundred eighty sixty dollars ($980.001.260.00), will be paid upon retirement, as defined under the Michigan Teachers' Retirement Act, provided the teacher has been employed in the District for ten (10) or more consecutive years.
Appears in 2 contracts
Samples: Master Agreement, Master Agreement
