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Common use of Pay for Unused Sick Leave Clause in Contracts

Pay for Unused Sick Leave. Employees terminating service with the District at age fifty-five (55) or older shall receive fifty dollars ($50) per day for each unused sick day above two hundred forty (240). Such payment shall be made one week after the conclusion of the first calendar month following the month in which the employee’s employment was terminated such that the payment will not constitute IMRF earnings (e.g. for an employee terminating employment on June 30, payment shall be paid on the first regularly scheduled payroll in August).

Appears in 4 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

Pay for Unused Sick Leave. Employees terminating service with An employee retiring from the District at age fifty-five (55) or older with ten (10) or more years of service with the District shall receive fifty dollars ($5050.00) per day for each unused sick day above two hundred forty (240). Such payment shall be made one week after the conclusion of the first calendar month following the month in which the employee’s employment was terminated such that the payment will not constitute IMRF earnings (e.g. for an employee terminating employment on June 30, 2023, payment shall be paid on the first regularly scheduled payroll in AugustAugust 2023).

Appears in 3 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

Pay for Unused Sick Leave. Employees terminating service with An employee retiring or resigning from the District at age fifty-five (55) or older with ten (10) or more years of service with the District shall receive fifty dollars ($5050.00) per day for each unused sick day above two hundred forty (240). Such payment shall be made one week after the conclusion of the first calendar month following the month in which the employee’s employment was terminated such that the payment will not constitute IMRF earnings (e.g. for an employee terminating employment on June 30, 2027, payment shall be paid on the first regularly scheduled payroll in AugustAugust 2027).

Appears in 1 contract

Samples: Collective Bargaining Agreement

Pay for Unused Sick Leave. Employees terminating service with An employee retiring from the District at age fifty-five (55) or older with ten (10) or more years of service with the District shall receive fifty dollars ($5050.00) per day for each unused sick day above two hundred forty (240). Such payment shall be made one week after the conclusion of the first calendar month following the month in which the employee’s employment was terminated such that the payment will not constitute IMRF earnings (e.g. for an employee terminating employment on June 30, 2017, payment shall be paid on the first regularly scheduled payroll in AugustAugust 2017).

Appears in 1 contract

Samples: Collective Bargaining Agreement