Common use of Terminal Pay Clause in Contracts

Terminal Pay. A. A terminal leave payment for unused, accumulated paid leave days will be paid upon retirement, provided the teacher shall have been employed in the school district for fifteen (15) years. The payment shall be calculated using the accumulated paid leave days (with a maximum of 170) multiplied by $50/day. Such payment shall be paid within forty-five (45) calendar days of the last date of service. Days compensated in this manner may not be donated to the sick leave bank.

Terminal Pay. A. A Beginning with the 2014-2015 school year, a terminal leave payment for unused, accumulated paid leave days will be paid upon retirement, provided the teacher shall have been employed in the school district for fifteen (15) years. The payment shall be calculated using the accumulated paid leave days (with a maximum of 170) multiplied by $50/day. Such payment shall be paid within forty-five (45) 45 calendar days of the last date of service. Days compensated in this manner may not be donated to the sick leave bank.

Terminal Pay. A. A terminal leave payment for unused, accumulated paid leave days will be paid upon retirement, provided the teacher shall have been employed in the school district for fifteen (15) years. The payment shall be calculated using the accumulated paid leave days (with a maximum of 170) multiplied by $5075/day. Such payment shall be paid within forty-five (45) calendar days of the last date of service. Days compensated in this manner may not be donated to the sick leave bank.

Terminal Pay. A. A terminal leave payment for unused, accumulated paid leave days will be paid upon retirement, provided the teacher shall have been employed in the school district for fifteen (15) years. The payment shall be calculated using the accumulated paid leave days (with a maximum of 170) multiplied by $50/day. Such payment shall be paid within forty-five (45) 45 calendar days of the last date of service. Days compensated in this manner may not be donated to the sick leave bank.

Terminal Pay. A. A Beginning with the 2012-2013 school year, a terminal leave payment for unused, accumulated paid leave days will be paid upon retirement, provided the teacher shall have been employed in the school district for fifteen (15) years. The payment shall be calculated using the accumulated paid leave days (with a maximum of 170150) multiplied by $50/day. Such payment shall be paid within forty-five (45) 45 calendar days of the last date of service. Days compensated in this manner may not be donated to the sick leave bank.