Conversion of Sick Leave at Retirement. Or Death Upon retirement, all employees will be eligible for payment in whichever of the following amounts is greater: A. Up to twenty-three hundred and forty (2,340) hours of accumulated unused sick leave at twenty-five percent (25%) of the first nine hundred and sixty (960) hours of accumulated unused sick leave, thirty-three percent (33%) of the next five hundred and forty (540) hours of accumulated unused sick leave hours (hours 961-1500), fifty percent (50%) of the next six hundred (600) hours of accumulated unused sick leave (hours 1501-2100), and one hundred percent (100%) of the next two hundred and forty (240) hours of accumulated unused sick leave (hours 2101-2340), all at the employees’ last, latest rate of pay; or B. Up to nine hundred and sixty (960) hours of the lesser of the of the employees’ accumulated unused sick leave balance at the time of retirement or the employees’ accumulated unused sick leave balance as of June 30, 2002, at one hundred percent (100%) of the employees’ last, latest rate of pay. If an employee dies while on active status, the surviving spouse or others as listed in R.C. 2113.04, will be eligible to receive sick leave conversion for which decedent would otherwise have accumulated at the time of death. Such payments shall be based on the rate of pay of the employee at that time and subject to the limits of this section.
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Samples: Labor Agreement, Labor Agreement, Labor Agreement
