ARTICLE 26 - TERMINAL LEAVE
  1. Terminal leave compensation, utilizing the following formula, shall be provided for resigning teachers and teacher assistants who have served in the district. Teachers shall receive fifty-five dollars ($55.00) in 2003-06, for each day, beyond twenty (20), of unused, accumulated sick leave. Full time teacher assistants shall receive forty dollars ($40.00) in 2003-06 for each day, beyond twenty (20), of unused, accumulated sick leave.
  2. To be eligible for payment of all sick leave days accumulated, teachers and teacher assistants must notify the Board of Education, in writing, by January 1st of their intention to resign on July 1st.



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