Common use of Annual Sick Leave Buy-Back Clause in Contracts

Annual Sick Leave Buy-Back. Subject to the following conditions, the District shall compensate any requesting employee for accrued sick leave at their “total hourly compensation”: A. First, no employee shall be eligible to receive compensation for accrued sick leave unless they have "banked" the required number of hours in their "A" Bank. The "A" Bank must contain at least 1000 hours for all shift personnel and at least 741 hours for all day shift personnel, with measurement made as of each June 30 and notification to the employee no later than July 15.. B. The employee, at their sole option, must notify the District not later than October 31 of their election to be compensated, including the total number of hours the employee wishes to sell. The notice shall be on a form provided by the District. Failure to submit a form by the deadline constitutes waiver of the right to sell sick leave hours for the calendar year. C. Second, an employee who has satisfied the requirements identified above may request to be compensated once per year, in aggregate, up to fifty percent (50%) of the hours accrued in the previous year (July 1 - June 30) at one hundred percent (100%) of the employee’s base monthly compensation, inclusive of all incentives, on November 30. D. Any hours used in the previous year (July 1 - June 30) shall reduce the number of hours which the employee may relinquish. E. Relinquishment shall be at the employee's sole option.

Annual Sick Leave Buy-Back. Subject to the following conditions, the District shall compensate any requesting employee for accrued sick leave at their “total hourly compensation”: A. First, no employee shall be eligible to receive compensation for accrued sick leave unless they have "banked" the required number of hours in their "A" Bank. 1. The "A" Bank must contain at least 1000 hours for all shift personnel and at least 741 hours for all day shift personnel, with measurement . 2. Measurement is made as of each June 30 and with notification to the employee no later than July 15... B. 3. The employee, at their sole option, must notify the District not later than October 31 of their election to be compensated, including the total number of hours the employee wishes to sell. The notice shall be on a form provided by the District. Failure to submit a form by the deadline constitutes waiver of the right to sell sick leave hours for the calendar yearin writing. C. 4. Compensation shall typically occur not later than December 15. B. Second, an employee who has satisfied at least the requirements identified above hours set forth in A may request to be compensated once per year, in aggregate, up compensation as follows: 1. Up to fifty percent (50%) of the hours accrued in the previous year (July 1 - June 30) may be relinquished to the District at one hundred percent (100%) of the employee’s base monthly 's “total hourly compensation, inclusive of all incentives, ” on November 30October 1. D. 2. Any hours used in the previous year (July 1 - June 30) shall reduce the number of hours which the employee may relinquish. E. 3. Relinquishment shall be at the employee's sole option.

Annual Sick Leave Buy-Back. Subject to the following conditions, the District shall compensate any requesting employee for accrued sick leave at their “total hourly compensation”: A. First, no employee shall be eligible to receive compensation for accrued sick leave unless they have "banked" the required number of hours in their "A" Bank. The "A" Bank must contain at least 1000 hours for all shift personnel and at least 741 hours for all day shift personnel, with measurement made as of each June 30 and notification to the employee no later than July 15..September 30. B. The employee, at their sole option, must notify the District not later than October 31 November 15 of their election to be compensated, including the total number of hours the employee wishes to sell. The notice shall be on a form letter provided by the District. Failure to submit a form the request through the District’s ESS System by the deadline constitutes waiver of the right to sell sick leave hours for the calendar year. C. Second, an employee who has satisfied the requirements identified above may request to be compensated once per year, in aggregate, up to fifty percent (50%) of the hours accrued in the previous year (July 1 - June 30) at one hundred percent (100%) of the employee’s base monthly compensation, inclusive of all incentives, on November 30. D. Any hours used in the previous year (July 1 - June 30) shall reduce the number of hours which the employee may relinquish. E. Relinquishment shall be at the employee's sole option.