Common use of Computation of Payment Clause in Contracts

Computation of Payment. Sick leave may be charged in quarter hour increments. Only working days are charged. Employees normally working an eight hour shift shall be charged eight hours for each day of absence. Employees normally working a ten hour shift shall be charged ten hours for each day of absence. An employee who works a twelve hour shift shall be charged twelve hours for each day of absence. A. Part day sick leave shall commence at the time the employee leaves the work area and shall end at the time the employee returns to the work area. B. Upon separation from employment, any unused sick leave shall be forfeited and will not be paid as separation pay, except in the case of death or retirement, 25% of all employee's accumulated sick leave shall be paid to the employee or to his estate. Payment of accumulated sick leave is paid at the rate of 1/2080 of the gross annual salary times 25% of the employee's accumulated sick leave hours. All payments of accumulated sick leave are based on the employee's salary at the time of separation or death.

Appears in 3 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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Computation of Payment. Sick leave may be charged in quarter (1/4) hour increments. Only working days Sick Leave absences are charged. Employees normally working an eight charged at the rate of one (1) hour shift shall be charged eight hours of sick leave for each day of absence. Employees normally working a ten hour shift shall be charged ten hours for each day of absence. An employee who works a twelve hour shift shall be charged twelve hours for each day of absence. A. Part day sick leave shall commence at the time the employee leaves the work area and shall end at the time the employee returns to the work area. B. Upon separation from employment, any unused sick leave shall be forfeited and will not be paid as separation pay, except in the case of death or retirement. Upon retirement, twenty-five percent (25% %) of all the employee's accumulated sick leave shall be paid to the employee or employee’s MSA XXXX. Upon death, twenty- five percent (25%) of all the employee’s accumulated sick leave shall be paid to his the employee’s estate. Payment of accumulated sick leave is paid at by multiplying the employee’s base hourly rate of 1/2080 times twenty-five percent (25%) of the gross annual salary times 25% of the employee's employees accumulated sick leave hours. All payments of accumulated sick leave are based on the employee's salary ’s base hourly rate at the time of separation retirement or death.

Appears in 1 contract

Samples: Collective Bargaining Agreement

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