Payment for Accumulated Sick Leave. A. An employee will receive payment for accumulated sick leave in accordance with School Policy 2.14. Payment for such leave will be based on the following schedule: 1. During the first three years of service, the daily rate of pay multiplied by thirty-five (35) percent times the number of days of accumulated sick leave. 2. During the next three years of service, the daily rate of pay multiplied by forth (40) percent times the number of days of accumulated sick leave. 3. During the next three years of service, the daily rate of pay multiplied by forty-five (45) percent times the number of days of accumulated sick leave. 4. During the next three years of service, the daily rate of pay multiplied by fifty (50) percent times the number of days of accumulated sick leave. 5. During and after the thirteen (13) years of service, the daily rate multiplied by 100 percent times the number of days of accumulated sick leave.
Appears in 6 contracts
Samples: Collective Bargaining Contract, Collective Bargaining Contract, Collective Bargaining Contract
