Leave Buy Back. When an employee with a minimum of five (5) years of service to the District retires his/her position or passes away while eligible for retirement with the district, his/her accrued leave will be bought back by the district at a rate of $50 per day up to 30 days.
Leave Buy Back i. For the 2022-2023 school year, WCSC may establish and implement a sick / personal day buyback program that provides teachers with an opportunity to sell back unused sick or personal days to the corporation for $100 per day, up to 10 total days.
ii. The following conditions must be met to participate in the buy back program:
1. Teacher must submit a written request to the Payroll Clerk by June 15th following the end of the school year.
2. Teacher must have a minimum of 20 accumulated sick/personal days when the request is made;
3. Only days in the current school year can be bought back;
iii. Compensation can be in the form of a direct payment or placed in a pre-tax account.
iv. This provision shall expire at the end of the 2022-2023 year.
Leave Buy Back. 1. Universal Leave Maximum accumulation of universal leave is forty (40) days. At the end of each school year, any teacher with a minimum of twenty (20) universal leave days accumulated can choose to keep those days in their accumulated balance or sell back any days over twenty (20) at $50 per day with the payment made on the employee’s June paycheck. Any accumulated universal days over forty (40) must be sold back to the district at $50 per day with the payment made on the employee’s June paycheck.
2. Unused Sick Leave Balance at the end of 2021/2022 School Year At the beginning of the 2022/2023 school year, teachers can choose whether to grandfather their unused sick leave days as sick leave or transition those days to universal leave. For those grandfathering their unused sick leave days, the days will remain as sick leave and can only be used for personal illness or illness in the immediate family. Universal days must be used first for any time off. Payment for non-used sick leave is based on a minimum accumulation of twenty (20) days to become eligible for payment. Payment to the individual or estate to be made upon retirement, reduction in force, resignation (prior to June 1 of contract year), death, or long-term disability. The payment rate is based on 100% of accumulated days, at the rate of $20 per day. For those transitioning to universal leave, the first 40 days of accumulated sick leave will automatically switch to universal leave days. Any remaining accumulated sick leave over the forty (40) days will be sold back to the district. The days will be bought back at ten (10) days per school year at $25 per day with the payment made on the employee’s June paycheck.
Leave Buy Back. Non-statutory leave days can be bought back by easyJet with the consent of the employee member at a rate agreed and published by Notice to crew (NTC), terms and conditions of this will also be stipulated in this NTC , Leave buy back can only occur when easyJet initiates the process.
Leave Buy Back. 1. There shall be eighty (80) hours of leave buy-back allowed annually under this agreement so long as the employee maintains at least a minimum balance of forty hours of leave after any such buy-back of leave time.
2. For purposes of buy-back, leave is defined as only vacation, management leave, or floating holidays.
3. All requests for buy-back shall be submitted in writing to the YCH Accounting Department for processing. Payments will be issued as soon as administratively feasible.
Leave Buy Back. Written notice of intent to retire must be submitted by October 1st of the year preceding the effective date of retirement. Employees covered by this Collective Bargaining Agreement who have completed ten (10) consecutive years of service in the Xxxxxx Public School system, and who submit written notice to the Superintendent of Schools of their retirement, shall be compensated for unused accumulated Sick Leave. Such payment shall be based on 30% of the employee’s unused accumulated sick leave at the rate of twenty ($20.00) dollars per day of unused Sick leave. Effective July 1, 2006, the rate shall be thirty ($30.00) dollars, and effective July 1, 2007, the rate shall be forty ($40.00) dollars. In the Event that mandatory retirement requirements make impossible compliance with the notice requirements of this Article, Then such notice shall be waived. Further, in the Event that the employee who gives such notice of retirement should die before the date of retirement, then the compensation due under this Article shall be paid to the Estate of such employee.
Leave Buy Back. Section 1 In December of 2014,2015, of the Agreement, a leave buy-back program will be available to full-time employees who have successfully completed an initial probationary period with the Employer. The Employer will buy back at the rate of $110 per day, up to four (4) days of prior accrued personal,sick, vacation, or compensatory leave time as selected by the employee. This section will remain in effect for 2014 and 2015 only.
Leave Buy Back. No pay shall be given for any type of unused leave except for Article 18.1 "Sick Leave Buy Back" and Article 18.3.4 "Unused Personal Leave". Article XIX. FRINGE BENEFITS
Leave Buy Back. For the purpose of determining total accumulated leave, annual unused personal days will be counted. The Board agrees to buy back the excess sick leave days over the maximum of ninety (90) days at twenty-five (25%) of the Employee’s then effective current rate of pay. Donations to the sick bank are excluded from the buy-back plan.
Leave Buy Back. For the purpose of determining total accumulated leave, annual unused personal days will be counted. The Board agrees to reimburse teachers who have accumulated over the maximum of one hundred ten (110) days at rates as follows : $115.00 per day for teachers who have accumulated eleven to fourteen days by June 30th of that school year. $100.00 per day for teachers who have accumulated one to ten days by June 30th of that school year. Donations to the sick bank are excluded from buy-back plan. EFFECTIVE JULY 1, 2018
1. The Board shall be required to budget $35,000 annually to fund this benefit.
2. In the event that the amount of funds budgeted is less than the amount eligible to be paid; each teacher will receive an adjusted, prorated share of the fund.
