Attendance Incentive Program - Annual Conversion Clause Samples
The Attendance Incentive Program - Annual Conversion clause establishes a process by which employees can convert unused sick leave or other eligible leave balances into a cash payment or other benefits at the end of each year. Typically, this clause outlines the criteria for eligibility, such as a minimum balance of unused leave, and specifies the conversion rate or method for calculating the incentive. Its core practical function is to reward employees for consistent attendance and to reduce the accumulation of unused leave liabilities for the employer.
Attendance Incentive Program - Annual Conversion. Provided that RCW 28A.400.210 is valid and in effect, any employee who at the end of the calendar year shall have accumulated in excess of sixty (60) days of unused sick leave may elect to convert unused sick leave earned the previous year in excess of sixty (60) days to monetary compensation at the rate of twenty-five percent (25%) of the employee's current, regular daily rate of compensation for each full day of eligible sick leave. Any such election shall be made by written notice to the Employer payroll officer during the month of January. Any such annual conversion of accumulated sick leave shall be subject to the terms and limitations of applicable regulations. The goal of this program is to reduce absenteeism. Accordingly, continuation of this provision shall be subject to evidence that the program is cost effective.
Attendance Incentive Program - Annual Conversion. 46 Provided that RCW 28A.400.210 is valid and in effect, any employee who at the end of 47 the calendar year shall have accumulated in excess of sixty (60) days of unused sick 48 leave may elect to convert unused sick leave earned the previous year in excess of sixty 1 (60) days to monetary compensation at the rate of twenty-five percent (25%) of the 2 employee's current, regular daily rate of compensation for each full day of eligible sick 3 leave. Any such election shall be made by written notice to the Human Resources 4 Manager during the month of January. Any such annual conversion of accumulated 5 sick leave shall be subject to the terms and limitations of applicable regulations.