Credit for Unused Sick Days Sample Clauses

Credit for Unused Sick Days. An eligible bargaining unit member who is retiring, after 10 years or 23 more of service within the District, will be granted a service raise equal to $20 for every unused sick day 24 accumulated up to and during his/her final year of service. Normally, the retiring bargaining unit 25 member must file a notice of intent to retire from the District six months in advance of the anticipated 26 date of retirement. Only in unusual and generally unforeseen circumstances, such as sudden illness, 27 change in family status, the unit member may file the notice of intent in less than the required six 28 months. Payment will be made in one lump sum and included in the last check issued by the District 29 prior to retirement.
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Credit for Unused Sick Days. A unit member who works at least 30 weeks per year and at least 30 hours per week, who retires from the District, will be granted a service raise for every unused sick day accumulated to and during their final year according to the following formula: 10 years service $20 for each unused sick day 15 years service $30 for each unused sick day A unit member who works at least 30 weeks per year and at between 20 and 30 hours per week, who retires from the District, will be granted a service raise for every unused sick day accumulated to and during their final year according to the following formula: 10 years service $10 for each unused sick day 15 years service $20 for each unused sick day Normally, the retiring bargaining unit member must file a notice of intent to retire from the District ninety days in advance of the anticipated date of retirement. Only in unusual and generally unforeseen circumstances, such as sudden illness or change in family status, the unit member may file the notice of intent in less than the required ninety days. Payment will be made in one lump sum and included in the last check issued by the District prior to retirement. If an eligible employee is laid off by the District because of a reduction in the overall District School Lunch program, that employee will receive credit for unused sick days in the last paycheck received from the District.
Sample 1
Credit for Unused Sick Days. 30 1. An eligible bargaining unit member who is retiring, after 15 years or more of service within 31 the District, will be granted a service raise equal to $35.00 for any unused sick days, 32 accumulated up to and during his/her final year of service. Normally, the retiring bargaining 34 the anticipated date of retirement. Only in unusual and generally unforeseen circumstances, 35 such as sudden illness, change in family status, the unit member may file the notice of intent 36 in less than the required six months. Payment will be made in one lump sum and included in 37 the last check issued by the District prior to retirement. The estate of any unit member who 38 dies while in service will receive $35.00 for any unused sick days accumulated up to and 39 during the final year of service.
Sample 1
Credit for Unused Sick Days. 28 A unit member who works at least 30 weeks per year and at least 30 hours per week, who retires from 29 the District, will be granted a service raise for every unused sick day accumulated to and during their 30 final year according to the following formula: 31 10 years service $20 for each unused sick day 32 15 years service $30 for each unused sick day 33 A unit member who works at least 30 weeks per year and at between 20 and 30 hours per week, who 34 retires from the District, will be granted a service raise for every unused sick day accumulated to and 35 during their final year according to the following formula: 36 10 years service $10 for each unused sick day 37 15 years service $20 for each unused sick day 38 Normally, the retiring bargaining unit member must file a notice of intent to retire from the District ninety 39 days in advance of the anticipated date of retirement. Only in unusual and generally unforeseen 40 circumstances, such as sudden illness or change in family status, the unit member may file the notice of 41 intent in less than the required ninety days. Payment will be made in one lump sum and included in the 42 last check issued by the District prior to retirement. If an eligible employee is laid off by the District 43 because of a reduction in the overall District School Lunch program, that employee will receive credit 44 for unused sick days in the last paycheck received from the District.
Sample 1
Credit for Unused Sick Days. 24 Administrators who retire on or before June 30, 2006 under the New York State Employees and/or 25 Teachers Retirement Program, shall receive credit for all unused sick days accumulated up to and during 26 their final year of service. Administrators may use any portion of their unused sick days to accumulate 27 additional service credit, after which the balance will be credited toward a service raise equal to $20.00 per 28 unused sick day. The administrator's decision regarding the type of credit desired for unused sick days 29 must be stated in writing thirty (30) days before the last payroll check. Payment of the service raise, if any, 30 will be made in one lump sum and be included in the last check issued by the District prior to retirement. 31 This section expires and is not valid for any retirement after June 30, 2006.
Sample 1
Credit for Unused Sick Days. 39 1. An eligible bargaining unit member who is retiring, after 15 years or more of service within 40 the District, will be granted a service raise equal to $35.00 for any unused sick day 41 accumulated up to and during his/her final year of service. Normally, the retiring bargaining 42 unit member must file a notice of intent to retire from the District six months in advance of 43 the anticipated date of retirement. Only in unusual and generally unforeseen circumstances, 44 such as sudden illness, change in family status, the unit member may file the notice of intent 45 in less than the required six months. Payment will be made in one lump sum and included in 46 the last check issued by the District prior to retirement. The estate of any unit member who 47 dies while in service will receive $35.00 for any unused sick days accumulated up to and 48 during the final year of service. 49 2. An eligible bargaining unit member, with at least 25 years of service with the Honeoye Falls- 50 Lima School District who chooses to retire on or before June 30, 2002 and who elects to 51 receive payment of the longevity bonus provided in Article IV, Section H,2, shall forfeit her 52 right to any compensation for unused sick days at retirement as provided by Article III, 53 Section F,1. This forfeiture of payment for unused sick leave shall in no way affect an 54 employee’s right to use unused sick leave for service credit under the provisions of Section 55 75-I upon retirement. This option will expire after June 30, 2002.
Sample 1

Related to Credit for Unused Sick Days

  • Payment for Unused Sick Leave (a) An employee with less than ten (10) years of FIU service who separates from FIU shall not be paid for any unused sick leave. (b) An employee who has completed ten (10) or more years of FIU service, has not been found guilty or has not admitted to being guilty of committing, aiding, or abetting any embezzlement, theft, or bribery in connection with State government, or has not been found guilty by a court of competent jurisdiction of having violated any State law against or prohibiting strikes by public employees, and separates from FIU because of retirement for other than disability reasons, termination, or death, shall be compensated at the employee's current regular hourly rate of pay for one-eighth of all unused sick leave accrued prior to October 1, 1973, plus one- fourth of all unused sick leave accrued on or after October 1, 1973; provided that one-fourth of the unused sick leave since 1973 does not exceed 480 hours. The compensation in this paragraph 8(4)(b) shall not be given to an employee who starts employment at FIU on or after July 1, 2006. (c) Upon layoff, an employee with ten (10) or more years of FIU service shall be paid for unused sick leave as described in paragraph b., above, unless the employee requests in writing that unused sick leave be retained pending re-employment. For an employee who is re-employed by the University within twelve (12) calendar months following layoff, all unused sick leave shall be restored to the employee, provided the employee requests such action in writing and repays the full amount of any lump sum leave payments received at the time of layoff. An employee who is not re- employed within twelve (12) calendar months following layoff shall be paid for sick leave in accordance with this Policy. (d) All payments for unused sick leave shall be made in lump sum and shall not be used in determining the average final compensation of an employee in any State administered retirement system. An employee shall not be carried on the payroll beyond the last official day of employment, except that an employee who is unable to perform duties because of a disability may be continued on the payroll until all sick leave is exhausted. (e) If an employee has received a lump sum payment for accrued sick leave, the employee may elect in writing, upon re-employment within 100 days, to restore the employee's accrued sick leave. Restoration will be effective upon the repayment of the full lump sum leave payment. (f) In the event of the death of an employee, payment for unused sick leave at the time of death shall be made to the employee's beneficiary, estate, or as provided by law.

  • Unused Revolving Line Facility Fee A fee (the “Unused Revolving Line Facility Fee”), payable quarterly, in arrears, on a calendar year basis, in an amount equal to one quarter of one percent (0.25%) per annum of the average unused portion of the Revolving Line, as determined by Bank. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement or the suspension or termination of Bank’s obligation to make loans and advances hereunder; and

  • Unused Sick Leave The accrual of unused sick leave hours is unlimited. The City and the Union commit to the evaluation and establishment of a mutually beneficial non-use of sick leave incentive and pay-out policy. Until such time that a policy is established, accumulated sick leave shall be compensated as follows: Upon retirement from the City service, an employee shall be paid sixty percent (60%) of his accumulated sick leave, with the rate of payment based upon his regular pay at the time he retires. Upon the death of an employee, his beneficiary shall be paid sixty percent (60%) of his accumulated unused sick leave, with the payment based upon his regular pay at the date of his death.

  • Letter of Credit Fees, Etc (i) The Borrower shall pay to the Administrative Agent for the account of each Revolving Credit Lender a commission, payable in arrears quarterly, within 15 days of each March 31, June 30, September 30 and December 31, commencing March 31, 2017, and on the earlier to occur of (A) the full drawing, expiration, termination or cancellation of any Letter of Credit and (B) on the Termination Date for the Revolving Credit Facility applicable to such Lender, on such Revolving Credit Lender’s Pro Rata Share of the average daily aggregate Available Amount during such quarter of all Letters of Credit outstanding from time to time at a percentage per annum equal to the Applicable Margin for Eurodollar Rate Advances made by such Lender at such time. Upon the occurrence and during the continuance of a Default under Section 6.01(a) or 6.01(f) or an Event of Default, the amount of commission payable by the Borrower under this clause (b)(i) shall be increased by 2% per annum. (ii) The Borrower shall pay to each Issuing Bank, for its own account, a fronting fee, payable in arrears quarterly, within 15 days after each March 31, June 30, September 30 and December 31, commencing March 31, 2017 and on the earliest to occur of the full drawing, expiration, termination or cancellation of any Letter of Credit and, in the case of any Letter of Credit that is not a Special Letter of Credit, on the Termination Date for the Revolving Credit Facility applicable to such Lender, on the average daily aggregate Available Amount during such quarter of all Letters of Credit outstanding from time to time at a percentage per annum equal to 0.15% (as contemplated by the Fee Letters). (iii) The Borrower shall pay to each Issuing Bank, for its own account, such other commissions and issuance fees, and such customary transfer fees, amendment fees and other fees and charges in connection with the issuance or administration of each Letter of Credit issued by such Issuing Bank, including the administration of each Letter of Credit Agreement, as the Borrower and such Issuing Bank shall agree; provided that the fees of the type contemplated by clause (i) and (ii) of this Section 2.08(b) shall be exclusive of any similar fee that would otherwise be required to be paid under any such Letter of Credit Agreement.

  • Commitment Fees, etc (a) The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Lender a commitment fee for the period from and including the date hereof to the last day of the Revolving Commitment Period, computed at the Commitment Fee Rate on the average daily amount of the Available Revolving Commitment of such Lender during the period for which payment is made, payable quarterly in arrears on each Fee Payment Date, commencing on the first such date to occur after the date hereof. (b) The Borrower agrees to pay to the Administrative Agent the fees in the amounts and on the dates as set forth in any fee agreements with the Administrative Agent and to perform any other obligations contained therein.

  • Unused Fee From and after the Closing Date, and during such times in which the Borrower does not have two (2) Investment Grade Ratings (and clause (a) of the definition of “Applicable Percentage” shall be applicable), the Borrower agrees to pay the Administrative Agent for the ratable benefit of the Lenders an unused fee (the “Unused Fee”) for each calendar quarter (or portion thereof) in an amount equal to (a) 0.35% (or 0.50% to the extent that as of the beginning of any day, the Outstanding Amount of Revolving Obligations (excluding the amount of any then-outstanding Swing Line Loans) is less than 50% of the Aggregate Revolving Commitments), multiplied by (b) the amount by which the Aggregate Revolving Commitments exceed the sum of the Outstanding Amount of Revolving Obligations (excluding the amount of any then-outstanding Swing Line Loans) as of the beginning of such day. To the extent applicable, the Unused Fee shall accrue at all times during the Commitment Period (and thereafter so long as Revolving Obligations shall remain outstanding), including periods during which the conditions to Extensions of Credit in Section 4.02 may not be met, and shall be payable quarterly in arrears on the last day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the Termination Date (and, if applicable, thereafter on demand); provided, that, pursuant to Section 2.15(a)(iii), (i) no Unused Fee shall accrue on the Commitment of a Defaulting Lender so long as such Lender shall be a Defaulting Lender and (ii) any Unused Fee accrued with respect to the Commitment of a Defaulting Lender during the period prior to the time such Lender became a Defaulting Lender and unpaid at such time shall not be payable by the Borrower so long as such Lender shall be a Defaulting Lender. The Administrative Agent shall distribute the Unused Fee to the Lenders pro rata in accordance with the respective Revolving Commitments of the Lenders.

  • Unused Facility Fee A quarterly Unused Facility Fee equal to one quarter of one percent (0.25%) per annum of the difference between the Revolving Line and the average outstanding principal balance of Advances during the applicable quarter, which fee shall be payable within five (5) days of the last day of each such quarter and shall be nonrefundable; and

  • Unused Line Fee On the first day of each month during the term of this Agreement, an unused line fee in an amount equal to 0.375% per annum times the result of (i) the Maximum Revolver Amount, less (ii) the sum of (A) the average Daily Balance of Advances that were outstanding during the immediately preceding month, plus (B) the average Daily Balance of the Letter of Credit Usage during the immediately preceding month,

  • Letter of Credit Fee Borrowers shall pay Agent (for the ratable benefit of the Revolving Lenders), a Letter of Credit fee (the “Letter of Credit Fee”) (which fee shall be in addition to the fronting fees and commissions, other fees, charges and expenses set forth in Section 2.11(k)) that shall accrue at a per annum rate equal to the LIBOR Rate Margin times the undrawn amount of all outstanding Letters of Credit.

  • Commitment Fee The Borrowers agree to pay to the Administrative Agent for the account of any Revolving Credit Lender under each Class of Revolving Credit Commitments in accordance with its Pro Rata Share or other applicable share provided for under this Agreement, a commitment fee equal to the product of the Applicable Rate with respect to unused Revolving Credit Commitment fees for such Class and the actual daily amount by which the aggregate Revolving Credit Commitment for the applicable Class of Revolving Credit Commitments exceeds the sum of (A) the Outstanding Amount of Revolving Credit Loans for such Class of Revolving Credit Commitments and (B) the Outstanding Amount of L/C Obligations for such Class of Revolving Credit Commitments; provided that any commitment fee accrued with respect to any of the Revolving Credit Commitments of a Defaulting Lender during the period prior to the time such Lender became a Defaulting Lender and unpaid at such time shall not be payable by the Borrowers so long as such Lender shall be a Defaulting Lender except to the extent that such commitment fee shall otherwise have been due and payable by the Borrowers prior to such time; provided, further, that no commitment fee shall accrue on any of the Commitments of a Defaulting Lender so long as such Lender shall be a Defaulting Lender. The commitment fee on each Class of Revolving Credit Commitments (unless otherwise specified in the relevant Additional Facility Joinder Agreement, Extension Amendment or Refinancing Amendment) shall accrue at all times starting from the first day of the Revolving Credit Availability Period for such Class until the earlier of (x) the last day of the Revolving Credit Availability Period for such Class of Revolving Credit Commitments, and (y) the date of the termination of the Revolving Credit Commitments of such Class, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable (i) quarterly in arrears on the last Business Day of each of March, June, September and December, commencing with the first such date during the first full fiscal quarter to occur after the first day of the Revolving Credit Availability Period for such Class of Revolving Credit Commitments and (ii) on the earlier of (x) the Maturity Date for such Class of Revolving Credit Commitments and (y) the date of the termination of the Revolving Credit Commitments of such Class. The commitment fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect.

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