Excess Accumulated Sick Leave Day Benefit Sample Clauses

Excess Accumulated Sick Leave Day Benefit. Accumulated sick days in excess of 150, up to ten (10) days per year, shall, subject to applicable IRS contribution limitations, be cashed out and contributed at the rate of $35.00 per day into a teacher's 401(a) plan account.
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Related to Excess Accumulated Sick Leave Day Benefit

  • Sick Leave Accumulation Employees hired prior to January 1, 2019 shall accumulate sick leave at the following rates: Years of Service Sick leave hours 0-5 years 120 hours per year (15 days) 6-10 years 130 hours per year (16 days)

  • Accumulated Sick Leave ‌ The Employer shall inform all employees at least once each year of the number of sick days accumulated and shall make the information available to an employee on request.

  • Vacation Accumulation (a) Vacations are not cumulative from year to year.

  • Retirement Date If the Executive remains in the continuous employ of the Bank, the Executive shall retire from active employment with the Bank on the Executive’s sixty-fifth (65th) birthday, unless by action of the Board of Directors this period of active employment shall be shortened or extended.

  • Retirement Credit Retirement credit for such periods of leave without pay shall be governed by the rules and regulations of the Division of Retirement and the provisions of Chapter 121, Florida Statutes.

  • Sick Leave Accrual Full-time employees will accrue eight (8) hours of sick leave in a calendar month. Part- time employees will accrue sick leave credit on the same proportional basis that their employment schedule bears to a full-time schedule, up to a maximum of eight (8) hours in a calendar month.

  • Pay for Unused Sick Leave Unused sick leave not to exceed 70 days will be paid at the rate of $50 per day when the teacher retires or leaves U.S.D. 506 employment, provided the teacher has a minimum of 10 years of service in U.S.D. 506. Article VI: Activity Ticket Each teacher of U.S.D. 506 shall be issued an activity ticket, which shall be honored at all regular school functions held within the district. Said ticket shall not be honored at basketball tournaments and special events. Said ticket shall be honored for employee, spouse, and children who have not yet graduated from high school. The Board of Education will have an expectation that those teachers in attendance at school functions will assume a reasonable amount of general supervision as needed.

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