Common use of Criteria for Enrollment Clause in Contracts

Criteria for Enrollment. Employees who have accumulated the equivalent of ten (10) days sick leave may contribute one day per year to the bank. Employees who have accumulated the equivalent of 40 days sick leave may contribute 2 days to the bank. To be a participant in the bank an employee must donate each year to the bank. All contributions to the bank must be authorized by the contributing employee in writing, and no contributions will be effective without said written authorization. Except as otherwise provided herein, once donated, days(s) contributed to the Sick Leave Bank are not returnable. No contributions can be made except as provided in this section. Operational Procedures: Although donations to the bank will be processed as "days", accumulations in the bank will be accumulated as the dollar value of the contributing employee's "day". Example: A two hour, $8.00 per hour, employee donates two "days" of leave. This will be credited as $32.00, (2 hours x 2 days x $8.00 = $32.00). Withdrawals from the bank will be calculated as the dollar value of the days granted.