Conversion of Sick Leave Upon Retirement or Death Sample Clauses

Conversion of Sick Leave Upon Retirement or Death. Any employee who hereafter shall retire or who shall die while employed by the District may elect (personally or by his/her personal representative, as appropriate) to convert accumulated, unused sick leave days to monetary compensation at the rate of 25% of the employee's full-time daily rate of compensation at the time of termination from employment for each full day of eligible sick leave. Any such conversion of sick leave upon retirement or death shall be subject to the terms and limitations of law.
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Conversion of Sick Leave Upon Retirement or Death. A. As per RCW 28A.400.210(2), an employee who terminates employment due to retirement or death may personally, or through his/her estate in the event of death, elect to convert all eligible, accumulated, unused sick leave days to monetary compensation.
Conversion of Sick Leave Upon Retirement or Death. Any employee who shall retire or who shall die while employed by the District may elect (personally or by his/her personal representative, as appropriate) to convert accumulated unused sick leave days to monetary compensation at the rate of 25 percent of the employee's full-time daily rate of compensation at the time of termination from employment for each full day of eligible sick leave, up to a maximum of 180 days. In addition, an employee shall inform the District on or before April 1 of his/her intent to retire. An employee separating from employment for purposes of retirement must be eligible to immediately commence receiving retirement benefits from a state retirement system to be eligible for conversion of sick leave for compensation. Any such conversion of sick leave upon retirement or death shall be subject to the terms and limitations of Washington Administrative Code.
Conversion of Sick Leave Upon Retirement or Death. At the time of separation from employment by the Xxxxxx School District due to retirement or death, an eligible employee or the employee's estate may elect to convert accumulated, unused sick leave days to monetary compensation at a rate equal to one day's current monetary compensation of the employee for each four full days' accrued leave for illness or injury.
Conversion of Sick Leave Upon Retirement or Death. Any employee who, on or after June 12, 1980, shall retire or who shall die while employed by the District may elect (personally or by his/her personal representative, as appropriate) to convert accumulated unused sick leave days to monetary compensation at the rate of 25 percent of the employees full-time daily rate of compensation at the time of termination from employment for each full day (8 hours) of eligible sick leave, up to a maximum of 180 days (1440 hours). An employee separating from employment for the purposes of retirement must be eligible to immediately commence receiving retirement benefits from a State retirement system to be eligible for conversion of sick leave for compensation. Any such conversion of sick leave upon retirement or death shall be subject to the terms and limitations of Washington Administrative Code. WAC 000-000-000 VEBA III will be an available option for retirees, consistent with state and program guidelines.
Conversion of Sick Leave Upon Retirement or Death. Each person who is employed by the Employer and who subsequently terminates employment due to retirement or death may personally or through his/her estate in the event of death, elect to convert all eligible, accumulated, unused sick leave days to monetary compensation. 9.8.1 Retirement for purposes of this provision shall be defined as that time commencing with the period for which a retirement allowance from a Washington State Retirement System is received. 9.8.2 Vested out-of-service employees who terminate employment but leave funds on deposit with a State Retirement System shall not be considered to have retired or to be an eligible employee. 9.8.3 All unused sick leave days that have been accumulated by an eligible employee at a rate of accumulation no greater than one (1) full day per month for a maximum of twelve (12) days per year, less sick leave days previously converted pursuant to the above procedures and those credited as service rendered for retirement purposes, may be converted to monetary compensation upon the employee's termination of employment due to retirement or death. 9.8.4 Sick leave days that are eligible for conversion shall be converted to monetary compensation at the rate of twenty-five percent (25%) of an employee's full-time daily rate of compensation at the time of termination of employment for each full-day of eligible sick leave. 9.8.5 The term "full-time daily rate of compensation" shall mean the salary of an employee or classification of employees for each full day of employment exclusive of supplemental pay such as overtime pay, standby pay and premium pay, and exclusive of fringe benefits such as health insurance premiums and other forms of insurance premiums. 9.8.6 Partial days of eligible sick leave shall be converted on a pro rata basis.
Conversion of Sick Leave Upon Retirement or Death. 24 Any employee who shall retire or die while employed by the District may elect (personally or 25 by the employeespersonal representative, as appropriate) to convert accumulated unused sick 26 leave days to monetary compensation at the rate of twenty-five percent (25%) of the 27 employee’s full time daily rate of compensation at the time of termination from employment 28 for each full day of eligible sick leave. Any such conversion of sick leave upon retirement or 29 death shall be subject to the terms and limitations of state statute and regulation. 32 Up to five (5) days bereavement leave per occurrence with pay will be authorized by the District in the 33 event of the death of any member of the immediate family. The immediate family includes mother, 34 mother-in-law, grandmother, sister, sister-in-law, daughter, daughter-in-law, aunt, niece, father, father- 35 in-law, grandfather, brother, brother-in-law, son, son-in-law, uncle, nephew, spouse, legally registered 36 domestic partner, step-parent, step-sibling, step-child, grandchild, xxxxxx child or any relative living in 37 the same household. 38 39 Additional bereavement leave may be granted to employees for other members of the extended family 40 at the discretion of the superintendent’s office. 41 42 Bereavement leave will be charged in one-half (½) or full day increments.
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Conversion of Sick Leave Upon Retirement or Death. 29 A. Each person employed by the School District who subsequently terminates 30 employment due to either retirement or death may personally, or through his/her 31 estate in the event of death, elect to convert all eligible, accumulated, unused sick 32 leave days to monetary compensation. 34 B. All unused sick leave days that have been accumulated by an eligible employee at a 35 rate of accumulation no greater than twelve (12) days per year may be converted to 36 monetary compensation upon the employee’s termination of employment due to 37 retirement or death. 39 C. An “eligible employee” for the purposes of this policy shall mean those employees 40 who qualify pursuant to RCW 28A.400.210. 42 D. Compensation for converted accumulated sick leave shall be paid at the rate of 43 twenty-five percent (25%) of the average daily rate of compensation at the time of 44 retirement for each day of unused accumulated sick leave up to a maximum of one 45 hundred eighty (180) days.
Conversion of Sick Leave Upon Retirement or Death. At the time of an employee's separation from the District due to retirement or death, an eligible employee or employee's estate shall receive remuneration at a rate equal to one (1) day's current compensation for the employee for each four (4) days accrued leave under this section (Cash out).

Related to Conversion of Sick Leave Upon Retirement or Death

  • Termination Due to Death or Disability The expiration of one (1) year from the date of the death of the Optionee or cessation of an Optionee’s employment or contractual relationship by reason of disability (as defined in Section 5.1(g) of the Plan). If an Optionee’s employment or contractual relationship is terminated by death, any Option held by the Optionee shall be exercisable only by the person or persons to whom such Optionee’s rights under such Option shall pass by the Optionee’s will or by the laws of descent and distribution.

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