Annual Sick Leave Buyback Sample Clauses

Annual Sick Leave Buyback. In January of each year, each eligible current certificated employee may choose to convert unused sick leave days earned during the previous year to monetary compensation. Only days in excess of sixty accumulated days may be converted, and the days shall have been earned at a rate no greater than one full day per month. Sick leave days eligible for conversion shall be remunerated at a rate equal to one day of the employee's current full-time daily rate of compensation for each four full days of eligible sick leave. All sick leave days that are converted shall be deducted from the employee's accumulated sick leave balance. The administration of this program shall be in accordance with WAC 392-136- 015.
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Annual Sick Leave Buyback. 1. Purpose and Goal The representatives of the Board of School Trustees and the Vigo County Teachers Association mutually agreed that it was in the best interest of the parties to minimize or eliminate the accrued liability that is created annually by the current sick leave accumulation and unfunded severance benefits. To alleviate this problem, the parties implemented an Annual Sick Leave Buyback Program with the goal of reducing the ever increasing unfunded liability of the severance plan while at the same time provide a potentially annual compensation for unused sick days in a method that would increase the value of those days at a rate greater than accumulated days had increased under the old severance plan. This goal was implemented by establishing a new sick leave accumulation of one hundred twenty (120) days and the School Corporation annually buying sick leave days in excess of that new maximum with a contribution to the teacher’s 401(a) accounts.
Annual Sick Leave Buyback. The Village agrees to buyback sick leave on an annual basis, at the employee’s option, at the following rate: Annual Sick Leave Used Straight Time Buyback December 1 to November 30 0-24 hours 16 hours Over 24 but less than 48 hours 8 hours 48 or more hours 0 hours Sick leave buyback will occur on the first full pay period in December. Employees who wish to take part in the buyback must notify the Village no later than November 15th of the current calendar year. This buyback occurs prior to the annual buyback of sick leave in Section 12.4 for those employees who have accrued in excess of sixty (60) sick leave days.
Annual Sick Leave Buyback. The Township has instituted a program of annual sick time buyback. In order to qualify for participation in this program, the employee must have and maintain a minimum of 720 hours in his/her sick leave bank. Only sick leave earned and not used in the prior calendar year shall qualify for this buy back program. Unused sick leave shall be cashed out at the rate of 50%. Unused sick time may be totally, or partially cashed in at the employee’s discretion. The Township Treasurer shall forward to each employee, a listing detailing the amount of hours in the employee’s sick bank, and the total number of hours eligible for the buyback program. Utilizing the same form, the employee will indicate how many hours he/she wishes to sell back to the Township from the total number that remains for that year. Once submitted, the number of hours requested for buyback may not be increased, but the employee may elect not to cash any or all-sick time out by so notifying the Township Treasurer in writing. Payment shall occur on the first pay period in March.
Annual Sick Leave Buyback. The Village agrees to buy back sick leave on an annual basis, at the employee's option, at the following rate:

Related to Annual Sick Leave Buyback

  • Sick Leave Buy Back To encourage and reward employees who maintain good job attendance, the parties agree to the following incentive award: Employees who utilize two (2) sick leave days or less each assigned school calendar year and year-round employees who utilize three (3) sick leave days or less during each assigned school calendar year - upon request – shall receive payment for up to eight (8) days of sick leave, provided the employee worked the full assigned calendar year.* The following procedures apply to the payment of sick leave under this section. 1. An employee must have a minimum of twenty-five (25) days of accumulated sick leave remaining after the payment for unused sick leave under this section. 2. The payment of this incentive shall be paid to eligible employees no later than October 31st of the school year following the school year in which the employee qualified for the incentive pay. 3. For purposes of this section, sick leave shall be defined pursuant to all sections of F.S.1012.61. 4. Days for which such award payment is received shall be deducted from the accumulated leave balance. 5. Payment shall be equal to the number of eligible days times the affected employees daily rate of base pay times eighty percent (80%).

  • Additional Sick Leave In unusual cases of prolonged illness the Township Committee may, by resolution, grant Sick Leave at one-half (½) rate of pay to an Employee over the time allowed and available for use in Section 2. hereinbefore set forth in this Article to a maximum of twenty-six

  • Personal Sick Leave The following provisions will apply to all employees (other than casual employees) covered by this Agreement.

  • Paid Sick Leave For those jurisdictions that have passed or will pass legislation requiring Paid Sick Leave, Paid Sick Time will be billed back to Client at the straight-time bill rate for all hours taken by any Consultant assigned to Client. This section is not applicable until the effective date of such legislation has been reached.

  • Cumulative Sick Leave The normal cumulative sick leave allowance each year shall be ten (10) days for employees on thirty-eight (38) through forty-two (42) week assignments. Teachers on eleven (11) and twelve (12) month assignments shall receive one (1) day per month up to a maximum of twelve (12) days each year. A teacher shall be permitted to carry forward the unused portion of sick leave without limit. The balance of accumulated sick leave shall be printed on the teacher's bi-weekly statement of earnings.

  • Family Sick Leave An employee may use sick leave credits for family illness or injury only if the employee must provide direct care to an immediate family member. For purposes of family sick leave, “immediate family member” will mean the employee’s parent, spouse, or child, including step-child and xxxxxx child.

  • Sick Leave Donation Program A Labor Management Committee will be established for the purpose of proposing rules and procedures for a new, program. The LMC will be to develop consistent, transparent and equitable proposals for processes across all departments within the City. The LMC shall also explore proposals to lower the minimum leave bank required to donate sick leave and permit donation of sick leave upon separation from the City. The LMC must consult with the Office of Civil Rights to ensure compliance with the City’s Race and Social Justice Initiative. Once the LMC has developed its list of proposals, the City and Coalition of City Unions agrees to reopen each contract on this subject.

  • Sick Leave Benefit Plan The Sick Leave Benefit Plan will provide sick leave days and short term disability days for reasons of personal illness, personal injury, including personal medical appointments and personal dental appointments.

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

  • Sick Leave Transfer The Board will honor written requests from a bargaining unit member to donate one or more sick leave days from the donor’s accumulated sick leave to a member under the following conditions: 1. The written request for donation of sick leave shall be forwarded to the Superintendent and the Association President who shall meet and confer if the request falls into the category of “catastrophic”. For purposes of this Section normal pregnancy shall not be considered a “catastrophic” illness. Any disagreement between the Association President and the Superintendent shall be resolved using expedited arbitration in accordance with the voluntary rules of the Federal Mediation Conciliation Services (FMCS). Expenses for the arbitrator’s services shall be equally shared by the parties. a. Should the Association President and the Superintendent agree that the request falls in the category of “catastrophic”, they will forward the request to the Sick Leave Transfer Committee. b. Should the Association President and the Superintendent agree that the request does not represent a catastrophic illness or injury, the request shall then be denied. The member will have the right to request expedited arbitration indicated in paragraph a. above. 2. Donated sick leave days may only be credited to a member who has, or is about to exhaust all of the members’ accumulated sick leave and personal leave due to a catastrophic illness or injury of the member or illness of child and/or spouse of the member. 3. Donated sick leave days may only be used for personal catastrophic illness/injury of the member, or illness of child and/or spouse of the member, and may not be used for the illness of other family members. 4. A sick leave donation form, authorizing the Treasurer to deduct donated sick leave days from the donor member’s accumulated sick leave and to credit the donated sick leave day(s) to the member will be sent to unit members for completion. Completed forms will be returned to the committee. The committee will provide the Treasurer with a form indicating the number of days to be transferred, from whom, and the name of the recipient. 5. Any request to donate sick leave days to a member must be submitted to the Treasurer not less than fifteen (15) days prior to any payroll that will include payment for the donated sick leave days. 6. Any member who has reached the maximum sick leave accumulation will have his accumulation reduced by the number of sick leave days donated. 7. Requests for sick leave days will be honored only as long as days are available from donors. 8. The following limitations will apply to this section: a. No bargaining unit member who begins the school year with less than 45 days as of July 1 can donate sick days. b. Donations from a bargaining unit member must be in units of one (1) day or more provided that the donor does not go under 45 days of accumulated sick leave. c. Either the bargaining unit member or the member’s spouse and/or child must have the catastrophic illness or injury. d. The bargaining unit member can use donated sick days until disability retirement is effective. 9. No member may use donated sick leave days to defer eligibility for disability retirement under STRS regulations, to claim severance pay, or to transfer to any other public employer. 10. No member may use more than thirty (30) donated sick leave days in total in any year. 18

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