Loan and Payback Procedures. (1) The maximum number of days that a member may borrow is ten percent (10%) of the total days in the Bank at the end of the enrollment period (October 1).
(2) The member who borrows days will pay back the days at the rate of fifty percent (50%) of his/her annual accumulated sick leave until the total number of days borrowed has been restored to the Bank. Provided, in the event a member who owes days to the bank ceases for any reason to earn sick leave days (i.e., retirement, resignation, permanent disability or death), any days of sick leave at that time to the credit of such member after first repaying days advanced shall be used to repay the Bank before any sick leave days are cashed in for severance pay purposes.
Loan and Payback Procedures. [1] The maximum number of days that a person may borrow is twenty- five (25). Additional days beyond the initial twenty-five (25) may be requested by using the process used to apply for the initial twenty- five (25). [2] The member who borrows days will pay back the days at the rate of 50% of his / her annual accumulated sick leave at the end of the salary contract year, each year until the total number of days borrowed has been restored to the bank. In the event of the death of the member, pay back of the days by their estate shall not be required.
Loan and Payback Procedures a. The maximum number of days that a person may borrow from the bank is twenty (20) total days. The certificated employee SHALL NOT be required to repay these twenty (20) borrowed days. The
Loan and Payback Procedures. 1. The maximum number of days that a person may borrow is forty-five (45) days. At any time, the maximum number of days that a person may have outstanding from the bank shall be forty-five (45) days, effective August 1, 2013.
2. The participant who borrows days from the S.L.B. will have a period up to 48 months from the month of the initial loan to repay the days borrowed. One-fourth (1/4) of the borrowed days must be repaid each year on the last paycheck of the month of the yearly anniversary date of the loan (See Appendix V). The certificated/licensed employee must complete the Sick Leave Bank Verification Form (See Appendix U). In the event the certificated/licensed employee is unable to accrue the total number of required days owed to the S.L.B. (1/4 total borrowed) at the end of each 12-month period, the BOARD will deduct the certificated/licensed employee's daily rate times the number of unaccrued days owed for that period. (See Appendix V.)
Loan and Payback Procedures. 1. The maximum number of days that an employee may borrow is 10% of the total days in the Bank at the end of the enrollment period (October 1).
2. The member who borrows days from the Sick Leave Bank will have a period of forty-eight (48) months from the month of the initial loan to repay the days borrowed. One-fourth (1/4) of the borrowed days must be repaid each year on the last paycheck of the month of the yearly anniversary date of the loan.
3. In the event the employee is unable to accrue the total number of required days owed to the Sick Leave Bank (1/3 total borrowed) at the end of each of the 12- month period, the BOARD will deduct the employee's daily rate times the number of unaccrued days owed for that period.
Loan and Payback Procedures. (1) The maximum number of days that a person may borrow is 50 days. Additional days may be granted at the discretion of the sick leave bank committee.
(2) The member who borrows days will pay back the days at the rate of 50% (or greater at their option) of his/her annual accumulated sick leave at the end of the salary contract year, each year until the total number of days borrowed has been restored to the bank. If the employee separates from employment before paying back borrowed days, any balance will be deducted from their final pay. If the member fails to reimburse the amount owed, the Association will request a donation of days from members to make up the deficiency.
(3) Upon termination of employment the member shall reimburse the bank the remaining debt, using up to 100% of his/her accumulated sick leave.
Loan and Payback Procedures. [1] The maximum number of days that a person may borrow is twenty- five (25). Additional days beyond the initial twenty-five (25) may be requested by using the process used to apply for the initial twenty- five (25). [2] If the number of accumulated Sick Bank days is less than three hundred (300) days the member who borrows days will pay back the days at the rate of 50% of his / her annual accumulated sick leave at the end of the salary contract year, each year until the total number of days borrowed has been restored to the bank. In the event of the death of the member, pay back of the days by their estate shall not be required. If the Sick Bank has more than three hundred (300) days at the start of leave, days will not be required to be paid back.
Loan and Payback Procedures. 1. The maximum number of days a person may borrow from the S.L.B. is 40 days per year. A year is 365 days from when the application was approved. The sick leave committee has the authority to grant additional days, if requested.
2. The participant who borrows days from the S.L.B. will have a period of thirty-six (36) months from the month of the initial loan to repay one-half (1/2) the days borrowed. One-third (1/3) of these days must be repaid each year on the last paycheck of the month of the yearly anniversary date of the loan.
3. In the event the employee is unable to accrue the total number of required days owed to the S.L.B. (1/3 total borrowed) at the end of each 12-month period, the School Treasurer will deduct the employee’s daily rate times the number of accrued days owed for that period. If an employee terminates employment due to a health related issue, disability and/or death, no days will need to be repaid.
Loan and Payback Procedures. 1. The maximum number of days that a person may borrow is 45 days. At any time the maximum number of days that a person may have outstanding from the bank shall be 45 days, effective August 1, 2013.
2. The participant who borrows days from the S.L.B. will have a period up to 48 months from the month of the initial loan to repay the days borrowed. One-fourth (1/4) of the borrowed days must be repaid each year on the last paycheck of the month of the yearly anniversary date of the loan (See Appendix V). The licensed employee must complete the Sick Leave Bank Verification Form (See Appendix U). In the event the licensed employee is unable to accrue the total number of required days owed to the S.L.B. (1/4 total borrowed) at the end of each 12-month period, the BOARD will deduct the licensed employee's daily rate times the number of unaccrued days owed for that period. (See Appendix V.)
Loan and Payback Procedures. (1) The maximum number of days that a person may borrow is 50 days. Additional days may be granted at the discretion of the sick leave bank committee.
(2) The member who borrows days will pay back the days at the rate of 50% (or greater at their option) of his/her annual accumulated sick leave at the end of the salary contract year, each year until the total number of days borrowed has been restored to the bank.
(3) Upon termination of employment the member shall reimburse the bank the remaining debt, using up to 100% of his/her accumulated sick leave.
