Common use of Incentive Pay/Conversion of Personal Leave Clause in Contracts

Incentive Pay/Conversion of Personal Leave. Employees who do not use all personal leave within the 184 day school year will receive a stipend of one hundred dollars ($100.00) per unused day unless they notify the District Treasurer by the last day of the respective school year that they want their unused personal leave days converted to sick leave and added to their accumulation. If the conversion of personal leave causes the employee’s sick leave balance to exceed the maximum amount as defined in Section 5.02 (A), the employee does not have the option of conversion and shall receive the one hundred dollars ($100.00) per unused day stipend. Stipends will be paid the first pay in July.

Incentive Pay/Conversion of Personal Leave. Employees who do not use all personal leave within the 184 day school year will receive a stipend of one hundred dollars ($100.00) per unused day unless they notify the District Treasurer by the last day of the respective school year that they want their unused personal leave days converted to sick leave and added to their accumulation. If the conversion of personal leave causes the employee’s sick leave balance to exceed the maximum amount as defined in Section 5.02 (A), the employee does not have the option of conversion and shall receive the one hundred dollars ($100.00) per unused day stipend. Stipends Xxxxxxxx will be paid the first pay in July.

Incentive Pay/Conversion of Personal Leave. Employees who do not use all any personal leave within the 184 day school year will receive a stipend of one two hundred forty dollars ($100.00240.00) per unused day unless they notify the District Treasurer by the last day of the respective school year that they want their unused personal leave days converted to sick leave and added to their accumulation. If the conversion of personal leave causes the employee’s sick leave balance to exceed the maximum amount as defined in Section 5.02 (A), the employee does not have the option of conversion and shall receive the one two hundred dollars forty dollar ($100.00240.00) per unused day stipend. Stipends Xxxxxxxx will be paid the first pay in July.