Limited Exception. Notwithstanding any contrary provisions contained herein, the Board and Association may agree to allow all teachers who have retired during the 2001-2002 or 2002-2003 school year to participate in the Target Benefit buyout, in addition to maintaining their Retirement Severance Compensation benefits under the Prior Agreement. Such previously retired teachers shall not be entitled to any other Retirement Severance Benefits under this Agreement, and the buyout of such Target Benefit buyout shall be paid to or for the benefit of these teachers.
Appears in 2 contracts
Sources: Collective Bargaining Agreement, Collective Bargaining Agreement