Common use of Carry-Over and Conversion Clause in Contracts

Carry-Over and Conversion. Employees will be offered the opportunity to convert to cash any part of their sick leave accrued and not used for the twelve (12) month period ending on the last day of the pay period in November from which the first paycheck in December is issued each year at the following rates. Number of Hours Subject to Cash Conversion Percent of Regular Rate 80 80% 72 to 79.9 75% 64 to 71.9 70% 56 to 63.9 65% 48 to 55.9 60% 47.9 and less 55% An employee not exercising a choice will automatically have the hours carried forward. An employee who has a minimum of five (5) years of state service with the State of Ohio who terminates state service or retires, shall convert to cash any sick leave accrued at the employee's regular rate of pay earned at the time of separation within three (3) years of separation at the rate of fifty-five percent (55%) for retirement separation and fifty percent (50%) for all other separations. If an employee dies, the converted sick leave shall be credited to his/her estate. An employee who is granted military leave or leave without pay may be paid for accrued sick leave or may keep it in reserve for use upon return at his/her discretion. An employee who is re-employed, reinstated or recalled from lay off and who received a lump sum payment for unused sick leave may have such days restored by returning the amount paid by the Employer for the number of days to be restored. Employees hired after July 1, 1986, who have previous service with political subdivisions of the State may use sick leave accrued with such prior employers but shall not be permitted to convert such sick leave to cash. An employee who transfers from one bargaining unit to another shall be credited with the unused balance of his/her sick leave balance up to the maximum sick leave accumulation permitted in the bargaining unit to which the employee transfers.

Appears in 4 contracts

Samples: Contract, Contract, Contract

AutoNDA by SimpleDocs

Carry-Over and Conversion. Employees will be offered the opportunity to convert to cash any part of their sick leave accrued in the period beginning November 24, 1996, through November 22, 1997, and in each subsequent usage period of this Agreement to be paid in the first pay received in December. The cash conversion of the sick leave accrued and not used for the twelve (12) month each usage period ending on the last day of the pay period in November from which the first paycheck in December is issued each year this Agreement shall be at the following rates. : Number of Hours Subject to Cash Conversion Percent of Regular Rate Cash Conversion 80 8075% 72 to 79.9 7570% 64 to 71.9 7065% 56 to 63.9 6560% 48 to 55.9 6055% 47.9 and less 5550% An employee not exercising a choice will automatically have the hours carried forward. An employee who has a minimum of five (5) years of state service with the State of Ohio who terminates state service or retires, shall convert to cash any sick leave accrued at the employee's regular rate of pay earned at the time of separation within three (3) years of separation at the rate of fifty-five percent (55%) for retirement separation and fifty percent (50%) for all other separations). If an employee dies, the converted sick leave shall be credited to his/her estate. An employee who is granted military leave or leave without pay may be paid for accrued sick leave or may keep it in reserve for use upon return at his/her discretion. An employee who is re-employed, reinstated or recalled from lay off and who received a lump sum payment for unused sick leave may have such days restored by returning the amount paid by the Employer for the number of days to be restored. Employees hired after July 1, 1986, who have previous service with political subdivisions of the State may use sick leave accrued with such prior employers but shall not be permitted to convert such sick leave to cash. An employee who transfers from one bargaining unit to another shall be credited with the unused balance of his/her sick leave balance up to the maximum sick leave accumulation permitted in the bargaining unit to which the employee transfers.

Appears in 1 contract

Samples: Preamble"

AutoNDA by SimpleDocs

Carry-Over and Conversion. Employees will be offered the opportunity to convert to cash any part of their sick leave accrued during the past twelve (12) months. The cash conversion of the sick leave accrued and not used for the twelve (12) month period ending on the last day of the pay usage period in November from which the first paycheck in December is issued each year subsequent years of this Agreement shall be at the following rates. rate: Number of Hours Subject to Cash Conversion Percent of Regular Rate 80 8075% 72 to 79.9 7570% 64 to 71.9 7065% 56 to 63.9 6560% 48 to 55.9 6055% 47.9 and less 5550% The payment shall be paid in the first pay received in December of each of the subsequent years of the Agreement. An employee not exercising a choice will automatically have the hours carried forward. An employee employee, who has a minimum of five one (51) years year of state service with the State of Ohio who and terminates state service or retires, shall convert to cash cash, at the employee’s total rate of pay, any sick leave accrued at the employee's regular rate of pay earned at the time of separation within three (3) years of separation separation, at the rate of fifty-five percent (55%) for retirement separation and fifty percent (50%) for all other separations). If an employee dies, the converted sick leave shall be credited paid to his/her estate. An employee who is granted military leave or leave without pay may be paid for accrued sick leave or may keep it in reserve for use upon return at his/her discretion. An employee who is re-employed, reinstated or recalled from lay off layoff and who received a lump sum payment for unused sick leave may have such days restored by returning the amount paid by the Employer for the number of days to be restored. Employees hired after July 1, 1986, who have previous service with political subdivisions of the State State, may use sick leave accrued with such prior employers but shall not be permitted to convert such sick leave to cash. An employee who transfers from one bargaining unit to another shall be credited with the unused balance of his/her sick leave balance up to the maximum sick leave accumulation permitted in the bargaining unit to which the employee transfers.

Appears in 1 contract

Samples: Collective Bargaining Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.