Frozen Sick Banks Sample Clauses

Frozen Sick Banks. Employees hired or who transfer into the bargaining unit on or after May 1, 1995, or current employees who have made a written, irrevocable selection of the Short-term Disability Insurance Plan by June 1, 1995, shall have their sick banks frozen and shall not be eligible for sick leave accumulation as described in this article. Frozen sick banks may be used in the following instances:
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Frozen Sick Banks. A record of unused sick leave within an employee sick bank will be kept by the Employer. All employees of the bargaining unit will be advised, no later than July 1st of each year, of the amount of sick leave credit remaining in the sick bank, with a copy to the Union. The employee will be advised of the unused portion of sick leave credit upon request. Prior to using their annual sick days, employees must use their frozen sick time for the three (3) day waiting period prior to being eligible for short-term disability. Prior to using their annual sick days, employees must use their frozen sick time to “top-up” short-term and long-term disability benefits. Any such frozen sick days used in this manner prior to September 30, 2024, will be paid at the employeescurrent rate of pay. Unless otherwise agreed to by the parties, the rate of pay associated with unused frozen sick days after this date will revert to the static regular hourly rate of pay in effect for their position as of April 19, 2009.

Related to Frozen Sick Banks

  • Sick Bank The purpose of the Sick Bank (hereinafter referred to as the Bank) is to provide sick leave to contributors to the Bank after their accumulated leave has been exhausted and, more specifically, to provide such leave from the Bank in cases of prolonged illnesses. The Bank rules and guidelines are as follows:

  • Vacation and Sick Leave Administration (a) for the purposes of administration of clauses 34.11 and 34.12, where an employee does not work the same number of hours each week, the normal workweek shall be the weekly average calculated on a monthly basis.

  • Financial Institution with Only Low-Value Accounts A Finnish Financial Institution satisfying the following requirements:

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