Cash Payment for Sick Leave Credit. Employees shall, at the time of their retirement or resignation in good standing, receive payment based on the employee's rate of pay at retirement or resignation for 50% of the accumulated sick leave up to a maximum of 1,200 sick leave hours. After 1200 hours, payment shall be at 25% of the remaining accumulated sick leave. Payment under this Section shall be as provided in Ohio Revised Code Section 2113.04. All severance pay shall be paid at the employee’s current rate of pay. In the event an employee dies as a direct result of injury sustained in the course of his or her employment, payment shall be made on a day-for-day basis for his or her unused sick leave as provided in Ohio Revised Code Section 2113.04.
Appears in 4 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
