Common use of Annual Payoff Clause in Contracts

Annual Payoff. Employees may elect annually to be paid for any unused sick leave hours accrued through the last pay period ending in October at their current hourly rate according to the following payoff schedule or as specified in a Memoranda of Understanding. 0-100 0% 101-240 25% 241-560 35% Over 560 (mandatory) 50%

Appears in 4 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding

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Annual Payoff. Employees may elect annually to be paid for any unused sick leave hours accrued through the last pay period ending in end of October at their current hourly rate according to the following payoff schedule or as specified in a Memoranda of Understanding. 0-100 0% 101-240 25% 241-560 35% Over 560 (mandatory) 50%

Appears in 2 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding

Annual Payoff. Employees may elect annually to be paid for any unused sick leave hours accrued through the last pay period ending in end of October at their current hourly rate according to the following payoff schedule or as specified in a Memoranda of Understanding. 0-100 0% 101-240 25% 241-560 35% Over 560 (mandatory) 50%schedule.

Appears in 1 contract

Samples: Memorandum of Understanding

Annual Payoff. Employees may elect annually to be paid for any unused sick leave hours accrued through the last pay period ending in October at their current hourly rate according to the following payoff schedule or as specified in a Memoranda of Understanding. 0-100 0% 101-240 25% 241-560 35% Over 560 (mandatory) 50%schedule.

Appears in 1 contract

Samples: Memorandum of Understanding

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Annual Payoff. Employees may elect annually to be paid for any unused sick leave hours accrued through the last pay period ending in October at their current hourly rate according to the following payoff schedule or as specified in a Memoranda of Understanding. 0-100 0% 101-240 25% 241-560 35% Over 560 (mandatory) 50%.

Appears in 1 contract

Samples: Memorandum of Understanding

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