Terminal Payment Benefit. An eligible retiring teacher shall receive a terminal payment in an amount equal to Five Hundred Dollars ($500.00) for each continuous year of service with the District as a teacher and member of this bargaining unit, but not to exceed in the aggregate Seventeen Thousand Five Hundred Dollars ($17,500.00).
Appears in 3 contracts
Samples: Professional Negotiations Agreement, Professional Negotiations Agreement, Professional Negotiations Agreement
Terminal Payment Benefit. An eligible retiring teacher shall receive a terminal payment in an amount equal to Five Two Hundred and Fifty Dollars ($500.00250.00) for each continuous year of service with the District as a teacher and member of this bargaining unit, but not to exceed in the aggregate Seventeen Thousand Five Hundred Dollars ($17,500.00). Regular Adult Ed Teachers shall count all years of continuous service towards their Terminal Payment Benefit.
Appears in 3 contracts
Samples: Master Agreement, Master Agreement, Master Agreement
