Common use of Payment After Limit Clause in Contracts

Payment After Limit. After an employee has accumulated one hundred twenty (120) days on January 1st of any year, he/she shall be permitted to accumulate additional sick leave days. He/She shall continue to earn twelve (12) days per year and those employees with more than one hundred twenty (120) days shall be paid for 75% of that year’s unused days, payment shall not exceed nine (9) days in any one year. Fractions of a day will be rounded up and paid to the next 1/2 day. The remainder of days earned shall be credited to the employee’s bank.

Payment After Limit. After an employee has accumulated one hundred twenty (120) days on January 1st 1 of any year, he/she shall be permitted to accumulate additional sick leave days. He/She she shall continue to earn twelve (12) days per year and those employees with more than one hundred twenty (120) days shall be paid for 75% of that year’s unused days, payment shall not exceed nine (9) days in any one year. Fractions of a day will be rounded up and paid to the next 1/2 ½ day. The remainder of days earned shall be credited to the employee’s bank.

Payment After Limit. After an employee has accumulated one hundred twenty (120) days on January 1st 1 of any year, he/she shall be permitted to accumulate additional sick leave days. He/She she shall continue to earn twelve (12) days per year and those employees with more than one hundred twenty (120) days shall be paid for 75% of that year’s unused days, payment shall not exceed nine (9) days in any one year. Fractions of a day will be rounded up and paid to the next 1/2 half day. The remainder of days earned shall be credited to the employee’s bank.