Common use of Voluntary Separation Clause in Contracts

Voluntary Separation. In order to qualify for the voluntary separation benefit, the staff member must have a minimum of fifteen (15) years of District service. The amount of the separation payment shall be determined as follows: $1,000 per year of service in the District plus 1/3 times the number of unused sick days; which, combined, shall result in a maximum payment of up to $25,000. The staff member must provide written notice to the District, in order to receive payment on July 1st of the following calendar year, no earlier than July 1st and no later than September 1st of the preceding school year. The ▇▇▇▇▇▇ School Board may, in its complete discretion, grant waivers to the September 1st date of notice in cases of serious unforeseen circumstances. Once written notice under this article is received by the School Board, it may not be withdrawn by the staff member except for good cause as determined by the Board at its sole discretion. A maximum of three people a year shall be granted this benefit. In the event of multiple applications, the date of hire by the School District shall be used to determine benefit eligibility. Then, if necessary, the date of application for voluntary separation.