Amount of Remaining Sick Leave Hours Cash Formula Value Sample Clauses

Amount of Remaining Sick Leave Hours Cash Formula Value. 80 to 480 hours 30% 481 to 720 hours 40% 721 to 840 hours 45% 841 to 960 hours 50% 961 to 1,200 hours 60% Effective the first pay period of January 2008, County Fire shall contribute to the Trust an amount equal to a percentage of the base biweekly salary of eligible employees as follows:
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Amount of Remaining Sick Leave Hours Cash Formula Value. 80 to 480 hours 30% 481 to 720 hours 45% 721 to 840 hours 50% 841 to 960 hours 55% 961 to 1,200 hours 65% Effective pay period following board approval, County Fire shall contribute to the Trust an amount equal to a percentage of the base biweekly salary of eligible employees as follows: Years of Completed County Fire Service Percentage Less than one year 0.00% One but less than Five years 1.00% Five but less than twenty years 2.00% Twenty or more years 3.00% Contributions to the Trust shall not be considered earnable compensation. For employees with ten (10) years of continuous service from the date of hire in a regular position, upon death, the estate of the deceased employee will be paid for unused sick leave balances according to the following formula: Amount of Remaining Sick Leave Hours Cash Formula Value 80 to 480 hours 30% 481 to 720 hours 45% 721 to 840 hours 50% 841 to 960 hours 55% 961 to 1,300 hours 65% RETIREMENTSYSTEMCONTRIBUTIONS
Amount of Remaining Sick Leave Hours Cash Formula Value. 80 to 480 hours 30% 481 to 720 hours 40% 721 to 840 hours 45% 841 to 960 hours 50% 961 to 1,200 hours 60%

Related to Amount of Remaining Sick Leave Hours Cash Formula Value

  • Sick Leave Cash Out Eligible employees may elect to receive monetary compensation for accrued sick leave as follows: In January of each year an employee whose sick leave balance at the end of the previous year exceeds four hundred eighty (480) hours may elect to convert the sick leave hours earned in the previous calendar year, minus those hours used during the year, to monetary compensation. No sick leave hours may be converted which would reduce the calendar year end balance below four hundred eighty (480) hours. Monetary compensation shall be paid at the rate of twenty-five percent and shall be based on the employee’s current salary. All converted hours will be deducted from the sick leave balance. Employees who separate from University service due to retirement or death shall be compensated for the unused sick leave accumulation from the date of most recent hire in a leave eligible position with the State of Washington at the rate of 25%. Compensation shall be based upon the employee’s wage at the time of separation. For the purpose of this section, retirement shall not include vested out of service employees who leave funds on deposit with the retirement system. Former eligible employees who are re-employed within three (3) years of their separation from service shall be granted all unused sick leave credits, if any, to which they are entitled at time of separation.

  • Sick Leave Annual Cash Out ‌ Each January, employees are eligible to receive cash on a one (1) hour for four (4) hours basis for ninety-six (96) hours or less of their accrued sick leave, if:

  • Vacation Cash Out In each calendar year, an employee may make a one-time request to cash out and receive payment for up to forty (40) hours of vacation. In order to be eligible to cash out vacation hours, the employee must be a regular status employee and have a remaining vacation balance of sixty (60) hours or more. Vacation leave that has been pre-approved will be considered when the request is made in order to determine if they will maintain the minimum vacation balance requirement.

  • Leave Year The leave year begins with the first full payroll period of a calendar year and ends with the payroll period in which December 31st falls.

  • Work During Vacation Period No employee shall be required to work during the employee's vacation once the vacation request has been approved.

  • Leave Allowed Before Due Date 7.1.10(a) An employer may allow an employee to take annual leave either wholly or partly in advance before the leave becomes due. In such case, a further period of annual leave will not commence to accrue until after the expiration of the 12 months in respect of which the annual leave or part of it had been taken before it accrued.

  • Bereavement During Vacation Where an employee's scheduled vacation is interrupted due to a bereavement, the employee shall be entitled to bereavement leave in accordance with Article 12.04. The portion of the employee's vacation which is deemed to be bereavement leave under the above provisions will not be counted against the employee's vacation credits.

  • Sick Leave Usage A. Sick leave may be used for an employee or an employee's child, spouse or parent's illness or injury, hospitalization and appointment pertaining to health.

  • Accrued 100% sick leave The use of sick leave under this subsection is at the employee's discretion.

  • Sick Leave Days Payable at 100% Wages Permanent Employees Subject to paragraphs d), e) and f) below, Employees will be allocated eleven (11) sick days payable at one hundred percent (100%) of wages on the first day of each fiscal year, or the first day of employment.

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