SUPER SEVERANCE. In the event an employee who has a minimum of ten (10) years continuous full-time service with the Board resigns his/her employment with the Board for retirement purposes effective the end of the work year and he/she “first becomes eligible” to retire through the State Teachers Retirement System, he/she shall receive a lump sum payment of fifty percent (50%) of his/her accumulated but unused sick leave to a maximum of eighty (80) days. Payment of such super-severance shall be at the employee’s daily rate of pay at the time of retirement excluding supplemental contracts. Any employee who elects not to resign his/her employment with the Board at the end of the work year in which he/she “first becomes eligible” to retire through the State Teachers Retirement System, shall forfeit his/her right to any payment pursuant to this provision and shall be
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Sources: Master Agreement, Master Agreement