Common use of Funding, Repayment and Participation Rights Clause in Contracts

Funding, Repayment and Participation Rights. a. The initial funding of the Sick Bank will occur on January 1, 2011. The Sick Bank will be funded as follows. All Transportation Department employees will contribute one (1) sick day at 12:01 a.m., January 1, 2011. (For employees with an existing balance of accumulated sick days, the day will be deducted from their cumulative total. Employees not having an accumulated balance of sick days will have their earned sick day for the month of January credited to the Sick Bank.) The District will contribute two hundred (200) days to the Bank.

Funding, Repayment and Participation Rights. a. The initial funding of the Sick Bank will occur on January July 1, 20112015. The Sick Bank will be funded as follows. All Transportation Department employees support staff members will contribute one (1) sick day at 12:01 a.m., January July 1, 20112015. (For employees with an existing balance of accumulated sick days, the day will be deducted from their cumulative total. Employees not having an accumulated balance of sick days will have their earned sick day for the month of January credited to the Sick Bank.) The District will contribute two three hundred (200300) days to the Bank.

Funding, Repayment and Participation Rights. a. The initial funding of the Sick Bank will occur on January July 1, 20112015. The Sick Bank will be funded as follows. All Transportation Department employees MEAA members will contribute one (1) sick day at 12:01 a.m., January July 1, 20112015. (For employees with an existing balance of accumulated sick days, the day will be deducted from their cumulative total. Employees not having an accumulated balance of sick days will have their earned sick day for the month of January credited to the Sick Bank.) The District will contribute two three hundred (200300) days to the Bank.