Common use of Year Plan Clause in Contracts

Year Plan. If an eligible employee gives the Board an irrevocable letter of retirement prior to the last day of school three (3) years prior to the year of retirement, the employee will be removed from the salary schedule; and for the final three (3) years of employment, the employee’s base salary shall be increased by six percent (6%) over the employee’s base salary for the prior years of employment respectively.

Year Plan. If an eligible employee gives the Board an irrevocable letter of retirement prior to the last day of school three (3) years prior to that he/she shall retire at the year end of retirementthe next school year, the employee will be removed from the salary schedule; and for the final three (3) years year of employment, employment the employee’s base salary shall be increased by six percent (6%) over the employee’s base salary for the prior years year of employment respectivelyemployment.