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

Annual Sick Leave Sell-Back. Conversion 1) Accumulate sick leave credits to the one hundred and fifty (150) day maximum; or, 2) Convert sick leave earned in excess of the basic requirement of sixty (60) days to vacation ratio of two (2) sick leave days to one (1) day of vacation up to a maximum of seven (7) vacation days. 3) Sell back sick leave earned in excess of the basic requirement of sixty (60) days, at the ratio of two (2) sick leave days to one (1) days of pay, up to maximum of seven (7) days pay. Requests submitted by the close of business on the second (2nd) Friday in December shall be counted toward the cap for that calendar year.

Appears in 2 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding

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Annual Sick Leave Sell-Back. Conversion 1) Accumulate sick leave credits to the one hundred and fifty (150) day maximum; or, 2) Convert sick leave earned in excess of the basic requirement of sixty (60) days to vacation ratio of two (2) sick leave days to one (1) day of vacation up to a maximum of seven (7) vacation days. 3) Sell back sick leave earned in excess of the basic requirement of sixty (60) days, at the ratio of two (2) sick leave days to one one (1) days of pay, up to maximum of seven (7) days pay. Requests submitted by the close of business on the second (2nd) Friday in December shall be counted toward the cap for that calendar year.

Appears in 2 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding

Annual Sick Leave Sell-Back. Conversion (1) Accumulate sick leave credits to the one hundred and fifty day (150) day maximum; or, (2) Convert sick leave earned in excess of the basic requirement of sixty (60) days to vacation ratio of two (2) sick leave days to one (1) day of vacation up to a maximum of seven (7) vacation days. (3) Sell back sick leave earned in excess of the basic requirement of sixty (60) days, at the ratio of two (2) sick leave days to one one (1) days of pay, up to maximum of seven (7) days pay. Requests submitted by the close of business on the second (2nd) Friday in December shall be counted toward the cap for that calendar year.

Appears in 1 contract

Samples: Collective Bargaining Agreement

Annual Sick Leave Sell-Back. Conversion (1) Accumulate sick leave credits to the one hundred and fifty day (150) day maximum; or, (2) Convert sick leave earned in excess of the basic requirement of sixty (60) days to vacation ratio of two (2) sick leave days to one one (1) day of vacation up to a maximum of seven of (7) vacation days. 3) Sell back sick leave earned in excess of the basic requirement of sixty (60) days, at the ratio of two (2) sick leave days to one one (1) days of pay, up to maximum of seven (7) days pay. Requests submitted by the close of business on the second (2nd) Friday in December shall be counted toward the cap for that calendar year.

Appears in 1 contract

Samples: Memorandum of Understanding

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Annual Sick Leave Sell-Back. Conversion (1) Accumulate sick leave credits to the one hundred and fifty day (150) day maximum; or, (2) Convert sick leave earned in excess of the basic requirement of sixty (60) days to vacation ratio of two (2) sick leave days to one one (1) day of vacation up to a maximum of seven (7) vacation days. (3) Sell back sick leave earned in excess of the basic requirement of sixty (60) days, at the ratio of two (2) sick leave days to one one (1) days of pay, up to maximum of seven (7) days pay. Requests submitted by the close of business on the second (2nd) Friday in December shall be counted toward the cap for that calendar year.

Appears in 1 contract

Samples: Memorandum of Understanding

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