Xxxxxxxxx/Retirement. Upon severance after a minimum of seven (7) years employment with Xxxxxx Area Schools, employees will be compensated at the rate of $7.50 per day for each day of unused sick leave, up to 50 days, and $10.00 per day over 50 accumulated days. Severance shall include resignations and resignation after layoff. Any employee retiring with MPSERS and having fifteen (15) years of employment and announcing 30 days prior to the effective date, shall receive $15.00 per day for each accumulated day.
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Xxxxxxxxx/Retirement. Upon severance after a minimum of seven (7) years employment with Xxxxxx Area Schools, employees will be compensated at the rate of $7.50 per day for each day of unused sick leave, up to 50 days, and $10.00 per day over 50 accumulated days. Severance shall include resignations resignations, dismissal and resignation after layofflay off. Any employee retiring with the MPSERS and having fifteen (15) years of employment and announcing 30 days prior to the effective date, shall receive $15.00 per day for each accumulated day. The employee would not be eligible for both the severance and retirement options.
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Xxxxxxxxx/Retirement. Upon severance after a minimum of seven (7) years employment with Xxxxxx Area Schools, employees will be compensated at the rate of $7.50 per day for each day of unused sick leave, up to 50 days, and $10.00 per day over 50 accumulated days. Severance shall include resignations resignations, dismissal and resignation after layofflay off. Any employee retiring with the MPSERS and having fifteen (15) years of employment and announcing 30 days prior to the effective date, shall receive $15.00 per day for each accumulated day.fifteen
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