BI-WEEKLY PAYOFF PLAN: UNUSED SICK LEAVE ACCRUAL (NON- PERSABLE. 1. When an employee shall have accumulated three hundred and eighty-four hours (384) hours of unused sick leave credit, the employee will, thereafter, be eligible for payment in each pay period of a portion of the unused sick leave accrued during the preceding pay period, subject to the following conditions: TIER 1: SICK LEAVE PAYOFF AT THREE HUNDRED AND EIGHTY FOUR (384) HOURS Bi-weekly Accrual Rate Tier 1 Maximum Accumulation Amount of Bi-weekly Sick Leave Payoff @ 50% (Non-PERSable) Amount of Bi-weekly Sick Leave Accrued @ 50% 4 hours 384 hours 2 hrs X hourly rate (1/2 [50%] of bi-weekly accrual rate of 4 4 hours) 2 hours The unit employee must maintain at least three hundred and eighty four (384) hours of sick leave accruals. If the sick leave accrual balance falls below three hundred and eighty four (384) hours at any time, the unit employee will become ineligible for any unused sick leave payment until such time as her/her sick leave accruals again exceed three hundred and eighty four (384) hours. 2. An eligible unit employee may elect on or before December 1 of each year not to participate in the bi-weekly payoff plan and will then accrue unused sick leave for the ensuing calendar year (January through December). However, eligible employees may only accrue to a maximum of seven hundred and twenty (720) hours. 3 a. Unit employees with at least three hundred and eighty four (384) hours but less than seven hundred and twenty (720) hours of accrued sick leave may be paid for one-half (50%) of sick leave accrued and unused in each pay period as set forth in the Tier 1 table above.
Appears in 1 contract
Samples: Master Memorandum of Understanding
BI-WEEKLY PAYOFF PLAN: UNUSED SICK LEAVE ACCRUAL (NON- PERSABLE. 1. When an employee shall have accumulated three hundred and eighty-four hours (384) hours of unused sick leave credit, the employee will, thereafter, be eligible for payment in each pay period of a portion of the unused sick leave accrued during the preceding pay period, subject to the following conditions: TIER 1: SICK LEAVE PAYOFF AT THREE HUNDRED AND EIGHTY FOUR (384) HOURS Bi-weekly Accrual Rate Tier 1 Maximum Accumulation Accumulat ion Amount of Bi-weekly Sick Leave Payoff @ 50% (Non-PERSable) Amount of Bi-weekly Sick Leave Accrued @ 50% 4 4.0 hours 384 hours 2 2.0 hrs X hourly rate (1/2 [50%] of bi-weekly accrual rate of 4 4 4.0 hours) 2 2.0 hours • The unit employee must maintain at least three hundred and eighty four (384) hours of sick leave accruals. • If the sick leave accrual balance falls below three hundred and eighty four (384) hours at any time, the unit employee will become ineligible for any unused sick leave payment until such time as her/her sick leave accruals again exceed three hundred and eighty four (384) hours.
2. An eligible unit employee may elect on or before December 1 of each year not to participate in the bi-weekly payoff plan and will then accrue unused sick leave for the ensuing calendar year (January through December). However, eligible employees may only accrue to a maximum of seven hundred and twenty (720) hours.
3 a. Unit employees with at least three hundred and eighty four (384) hours but less than seven hundred and twenty (720) hours of accrued sick leave may be paid for one-half (50%) of sick leave accrued and unused in each pay period as set forth in the Tier 1 table above.
3. The remaining unused sick leave in each pay period shall be added to the unit employee’s accruals up to the seven hundred and twenty (720) hour maximum.
4. As an alternative to Tier 1 Sick Leave payoff, eligible employees may: • Elect on or before December 1 of each year not to participate in the bi-weekly payoff plan and will then accrue unused sick leave for the ensuing calendar year (January through December). However, eligible employees may only accrue to a maximum of seven hundred and twenty (720) hours ; or • Unit employees who accumulate and maintain a minimum credit of 384 hours of unused sick leave may make an irrevocable election, once annually by December 15th, to have a lump sum of ninety-six (96) hours of sick leave hours to be accrued to be paid to him/her in the subsequent year. In order to qualify for this benefit, this time would need to be otherwise payable to the employee upon separation from employment.
5. Unit employees at the maximum accrual of seven hundred and twenty (720) hours, or who reach maximum accrual thereafter, will be paid one hundred percent (100%) of accrued unused sick leave in teach subsequent pay period
Appears in 1 contract
Samples: Memorandum of Understanding
BI-WEEKLY PAYOFF PLAN: UNUSED SICK LEAVE ACCRUAL (NON- PERSABLE. 1. When an employee shall have accumulated three hundred and eighty-four hours (384) hours of unused sick leave credit, the employee will, thereafter, be eligible for payment in each pay period of a portion of the unused sick leave accrued during the preceding pay period, subject to the following conditions: TIER 1: SICK LEAVE PAYOFF AT THREE HUNDRED AND EIGHTY FOUR (384) HOURS Bi-weekly Accrual Rate Tier 1 Maximum Accumulation Accumulat ion Amount of Bi-weekly Sick Leave Payoff @ 50% (Non-PERSable) Amount of Bi-weekly Sick Leave Accrued @ 50% 4 3.7 hours 384 hours 2 1.85 hrs X hourly rate (1/2 [50%] of bi-weekly accrual rate of 4 4 3.7 hours) 2 1.85 hours The unit employee must maintain at least three hundred and eighty four (384) hours of sick leave accruals. If the sick leave accrual balance falls below three hundred and eighty four (384) hours at any time, the unit employee will become ineligible for any unused sick leave payment until such time as her/her sick leave accruals again exceed three hundred and eighty four (384) hours.
2. An eligible unit employee may elect on or before December 1 of each year not to participate in the bi-weekly payoff plan and will then accrue unused sick leave for the ensuing calendar year (January through December). However, eligible employees may only accrue to a maximum of seven hundred and twenty (720) hours.
3 a. Unit employees with at least three hundred and eighty four (384) hours but less than seven hundred and twenty (720) hours of accrued sick leave may be paid for one-half (50%) of sick leave accrued and unused in each pay period as set forth in the Tier 1 table above.
3. The remaining unused sick leave in each pay period shall be added to the unit employee’s accruals up to the seven hundred and twenty (720) hour maximum.
4. As an alternative to Tier 1 Sick Leave payoff, eligible employees may: Elect on or before December 1 of each year not to participate in the bi-weekly payoff plan and will then accrue unused sick leave for the ensuing calendar year (January through December). However, eligible employees may only accrue to a maximum of seven hundred and twenty (720) hours ; or Unit employees who accumulate and maintain a minimum credit of 384 hours of unused sick leave may elect, once annually, to have a lump sum of ninety-six (96) hours of accrued sick leave paid to him/her. In order to qualify for this benefit, this time would need to be otherwise payable to the employee upon separation from employment.
5. Unit employees at the maximum accrual of seven hundred and twenty (720) hours, or who reach maximum accrual thereafter, will be paid for three-fourths (75%) of accrued unused sick leave in each pay period and shall forfeit the remaining accruals as set forth in the following Tier 2 table: TIER 2: SICK LEAVE PAYOFF AT SEVEN HUNDRED AND TWENTY (720) HOURS Bi-weekly Accrual Rate Tier 2 Maximum Accumulation Amount of Bi-weekly Sick Leave Payoff @ 75% (Non-PERSable) Amount of Bi-weekly Sick Leave Forfeited @ 25% 3.7 hours 720 hours 2.7 hrs X hourly rate (3/4 [75%] of bi-weekly accrual rate of 3.7 hours) .92 hours
Appears in 1 contract
Samples: Memorandum of Understanding
BI-WEEKLY PAYOFF PLAN: UNUSED SICK LEAVE ACCRUAL (NON- PERSABLE. 1. When an employee shall have accumulated three hundred and eighty-four hours (384) hours of unused sick leave credit, the employee will, thereafter, be eligible for payment in each pay period of a portion of the unused sick leave accrued during the preceding pay period, subject to the following conditions: TIER 1: SICK LEAVE PAYOFF AT THREE HUNDRED AND EIGHTY FOUR (384) HOURS Bi-weekly Accrual Rate Tier 1 Maximum Accumulation Amount of Bi-weekly Sick Leave Payoff @ 50% (Non-PERSable) Amount of Bi-weekly Sick Leave Accrued @ 50% 4 hours 384 hours 2 hrs X hourly rate (1/2 [50%] of bi-weekly accrual rate of 4 4 hours) 2 hours • The unit employee must maintain at least three hundred and eighty four (384) hours of sick leave accruals. • If the sick leave accrual balance falls below three hundred and eighty four (384) hours at any time, the unit employee will become ineligible for any unused sick leave payment until such time as her/her sick leave accruals again exceed three hundred and eighty four (384) hours.
2. An eligible unit employee may elect on or before December 1 of each year not to participate in the bi-weekly payoff plan and will then accrue unused sick leave for the ensuing calendar year (January through December). However, eligible employees may only accrue to a maximum of seven hundred and twenty (720) hours.
3 a. Unit employees with at least three hundred and eighty four (384) hours but less than seven hundred and twenty (720) hours of accrued sick leave may be paid for one-half (50%) of sick leave accrued and unused in each pay period as set forth in the Tier 1 table above.
Appears in 1 contract
Samples: Memorandum of Understanding
BI-WEEKLY PAYOFF PLAN: UNUSED SICK LEAVE ACCRUAL (NON- PERSABLE. 1. When an employee shall have accumulated three hundred and eighty-four hours (384) hours of unused sick leave credit, the employee will, thereafter, be eligible for payment in each pay period of a portion of the unused sick leave accrued during the preceding pay period, subject to the following conditions: TIER 1: SICK LEAVE PAYOFF AT THREE HUNDRED AND EIGHTY FOUR (384) HOURS Bi-weekly Accrual Rate Tier 1 Maximum Accumulation Accumulat ion Amount of Bi-weekly Sick Leave Payoff @ 50% (Non-PERSable) Amount of Bi-weekly Sick Leave Accrued @ 50% 4 4.0 hours 384 hours 2 2.0 hrs X hourly rate (1/2 [50%] of bi-weekly accrual rate of 4 4 4.0 hours) 2 2.0 hours The unit employee must maintain at least three hundred and eighty four (384) hours of sick leave accruals. If the sick leave accrual balance falls below three hundred and eighty four (384) hours at any time, the unit employee will become ineligible for any unused sick leave payment until such time as her/her sick leave accruals again exceed three hundred and eighty four (384) hours.
2. An eligible unit employee may elect on or before December 1 of each year not to participate in the bi-weekly payoff plan and will then accrue unused sick leave for the ensuing calendar year (January through December). However, eligible employees may only accrue to a maximum of seven hundred and twenty (720) hours.
3 a. Unit employees with at least three hundred and eighty four (384) hours but less than seven hundred and twenty (720) hours of accrued sick leave may be paid for one-half (50%) of sick leave accrued and unused in each pay period as set forth in the Tier 1 table above.
3. The remaining unused sick leave in each pay period shall be added to the unit employee’s accruals up to the seven hundred and twenty (720) hour maximum.
4. As an alternative to Tier 1 Sick Leave payoff, eligible employees may: Elect on or before December 1 of each year not to participate in the bi-weekly payoff plan and will then accrue unused sick leave for the ensuing calendar year (January through December). However, eligible employees may only accrue to a maximum of seven hundred and twenty (720) hours ; or Unit employees who accumulate and maintain a minimum credit of 384 hours of unused sick leave may elect, once annually, to have a lump sum of ninety-six (96) hours of accrued sick leave paid to him/her. In order to qualify for this benefit, this time would need to be otherwise payable to the employee upon separation from employment.
5. Unit employees at the maximum accrual of seven hundred and twenty (720) hours, or who reach maximum accrual thereafter, will be paid one hundred percent (100%) of accrued unused sick leave in teach subsequent pay period
Appears in 1 contract
Samples: Memorandum of Understanding
