Annual Sick Leave Payout for Employees Hired on or Before June Sample Clauses

Annual Sick Leave Payout for Employees Hired on or Before June. 30, 2013: Employees who regularly work one-half (1/2) time or more who have attained the two hundred (200) day maximum sick leave accumulation, shall be entitled to receive payment for one-third (1/3) of the first twelve (12) days of sick leave days, or if earning sick leave at the rate of two (2) working days each month of service, one-third (1/3) of the first twenty-four (24) days of sick leave days, for which they become eligible, do not use and would otherwise forfeit because of the two hundred (200) day maximum limitation. Determination of eligibility for such payment shall be made on an annual calendar year basis, and payment for such sick leave for any calendar year shall be made not later than the first full pay period in January. Such payment shall be at the employee's salary rate in effect on the preceding December 31, and shall be made only in units of whole days, and will not be made for any fraction of a day.
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Related to Annual Sick Leave Payout for Employees Hired on or Before June

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