Common use of Calculation of Benefit Clause in Contracts

Calculation of Benefit. An employee will be eligible to receive as retirement incentive pay upon their retirement the amount obtained by multiplying one hundred percent (100%) of their unused number of sick leave days, but in any event not to exceed one hundred ninety-two and one half (192.5) days times their daily rate of pay.

Calculation of Benefit. An employee will be eligible to receive as retirement incentive pay pay, upon their retirement retirement, the amount obtained by multiplying one hundred sixty percent (10060%) of their the unused number of sick leave days, but in any event not to exceed one hundred ninety-two and one half ninety (192.590) days days, times their his/her daily rate of pay.

Calculation of Benefit. An employee will be eligible to receive as retirement incentive pay pay, upon their retirement retirement, the amount obtained by multiplying one hundred percent (100%) 60% of their the unused number of sick leave days, but in any event not to exceed one hundred ninety-two and one half (192.5) days 90 days, times their the employee’s daily rate of pay.

Calculation of Benefit. An employee will shall be eligible to receive as retirement incentive pay pay, upon their retirement retirement, in the amount obtained by multiplying one hundred sixty percent (10060%) of their the employee’s unused number of sick leave days, but in any event not to exceed one hundred ninety-two and one half ninety (192.590) days times their daily rate of pay.

Calculation of Benefit. An employee will be eligible to receive as retirement incentive pay upon their retirement retirement, the amount obtained by multiplying one hundred percent (100%) 50% of their unused number of sick leave days, but in any event not to exceed one hundred ninety-two and one half (192.5) days 75 days, times their daily rate of pay.

Calculation of Benefit. An employee will be eligible to receive as retirement incentive pay pay, upon their retirement retirement, the amount obtained by multiplying one hundred sixty percent (10060%) of their the unused number of sick leave days, but in any event not to exceed one hundred ninety-two and one half ninety (192.590) days days, times their the employee’s daily rate of pay.

Calculation of Benefit. An employee will be eligible to receive as retirement incentive pay upon their retirement retirement, the amount obtained by multiplying one hundred fifty percent (10050%) of their unused number of sick leave days, but in any event not to exceed one hundred ninetyseventy-two and one half five (192.575) days days, times their daily rate of pay.