ACCUMULATED SICK LEAVE INCENTIVE. A. In recognition of sick leave accumulated under Section 4.4 (Personal Illness and Disability Pay) of this contract, each teacher shall receive an additional percentage of yearly salary based upon the number of sick leave days accumulated as of the beginning of each school year prior to that year's allowance being added. Each accumulated day shall increase a teacher's salary by 1/100th of a percent (.0001
ACCUMULATED SICK LEAVE INCENTIVE. In recognition of sick leave accumulated under Article X (Paid Leaves) of this contract each employee shall receive an additional percentage of hourly salary based upon the number of sick leave days accumulated as of the beginning of each school year prior to that year's allowance being added. Each accumulated day shall increase an employee's salary by 1/1000th of a percent (.0001).
ACCUMULATED SICK LEAVE INCENTIVE. Permanent, full-time Employees of the Village who have accumulated a sick leave balance of 720 hours shall be compensated annually for 33.3% of the number of hours in excess of 720 hours, not to exceed 120 hours each year. This compensation will be at the hourly rate of base pay in effect at the time of payment. The actual payment to the Employee in any one year shall not exceed 40 hours of pay. The remaining unused sick leave, not to exceed 80 hours per year shall be accumulated with the original 720 hour balance to a maximum allowable sick leave balance of 960 hours. The number of benefit hours shall be based upon a 12-month reporting period of December 1 through November 30.
