Common use of Annual Clause in Contracts

Annual. 1. The sick leave year for conversion purposes begins on the day immediately following the last payroll period in November and extends through the last payroll period in November of the following year. 2. For conversion purposes, a teacher’s annual sick leave allotment will be treated as if the total num- ber of sick leave days given for the year were divid- ed by the total months of employment during a year and subsequently credited monthly. The posting of the full allotment of sick leave days on September 1st has no affect on this process. 3. For every four (4) days of sick leave accumulated during the sick leave year, an employee may convert one (1) day to cash, at his rate of pay at the time of conversion, and retain the remaining three (3) days in his sick leave account. A maximum of three (3) days of sick leave may be converted to cash. An employee’s days of personal business leave which, unused, have been accumulated as sick leave is not subject to annual sick leave conversion. 4. An employee may convert to cash either all or none of the days to which he is entitled. Conversion of only some of the days to which an employee is en- titled is not allowed. 5. Payment for sick leave conversion will not be in- cluded in the employee’s regular salary check, but will be made by a separate check. These checks will be issued no later than December 24 each year, and will include the usual deduction for taxes and Social Security.

Annual. 1. The sick leave year for conversion purposes begins on the day immediately following the last payroll period in November and extends through the last payroll period peri- od in November of the following year. 2. For conversion purposes, a teacher’s annual sick leave allotment will be treated as if the total num- ber number of sick leave days given for the year were divid- ed divided by the total months of employment during a year and subsequently subsequent- ly credited monthly. The posting of the full allotment of sick leave days on September 1st has no affect effect on this process. 3. For every four (4) days of sick leave accumulated during the sick leave year, an employee may convert one (1) day to cash, at his rate of pay at the time of conversionconver- sion, and retain the remaining three (3) days in his sick leave account. A maximum of three (3) days of sick leave may be converted to cash. An employee’s days of personal business leave which, unused, have been accumulated as sick leave is not subject to annual sick leave conversion. 4. An employee may convert to cash either all or none of the days to which he is entitled. Conversion of only some of the days to which an employee is en- titled entitled is not allowed. 5. Payment for sick leave conversion will not be in- cluded included in the employee’s regular salary check, but will be made by a separate check. These checks will be issued no later than December 24 each year, and will include the usual deduction for taxes and Social Security.

Annual. 1. The sick leave year for conversion purposes begins be- gins on the day immediately following the last payroll period in November and extends through the last payroll pay- roll period in November of the following year. 2. For conversion purposes, a teacher’s annual sick leave allotment will be treated as if the total num- ber number of sick leave days given for the year were divid- ed divided by the total months of employment during a year and subsequently subse- quently credited monthly. The posting of the full allotment allot- ment of sick leave days on September 1st has no affect on this process. 3. For every four (4) days of sick leave accumulated during the sick leave year, an employee may convert one (1) day to cash, at his rate of pay at the time of conversioncon- version, and retain the remaining three (3) days in his sick leave account. A maximum of three (3) days of sick leave may be converted to cash. An employee’s days of personal business leave which, unused, have been accumulated as sick leave is not subject to annual sick leave conversion. 4. An employee may convert to cash either all or none of the days to which he is entitled. Conversion of only some of the days to which an employee is en- titled entitled is not allowed. 5. Payment for sick leave conversion will not be in- cluded included in the employee’s regular salary check, but will be made by a separate check. These checks will be issued no later than December 24 each year, and will include the usual deduction for taxes and Social Security.