Common use of Definition of Benefit Clause in Contracts

Definition of Benefit. Teachers will be eligible to cash in one (1) day of sick leave, calculated at the daily rate of pay at the time the teacher requests reimbursement, to reimburse for the costs of eligible wellness-related expenses. To qualify for the wellness incentive, teachers must have a sick leave balance based on the following table, as of June 30th each year: Years of Service Sick Leave Balance 0 – 1 year 40 hours (5 days) 2 years 80 hours (10 days) 3 years 120 hours (15 days) 4 years 160 hours (20 days) 5 years 200 hours (25 days) 6-10 years 360 hours (45 days) 11-15 years 560 hours (70 days) 16-20 years 760 hours (95 days) 21+ years 840 hours (105 days)