Payment for Sick Leave On Termination. Any unused sick leave benefits shall be accumulated into a sick leave bank to be used for future illness of an employee as his/her needs may require, but may not in any event be converted to additional vacation, or time off with pay. Sick leave used shall be deducted from the accumulated bank. Unused sick leave may not be converted to cash payment except under termination or retirement following five (5) continuous years of active employment in a permanent position. Qualified employees shall be compensated for fifty percent (50%) of their unused sick leave at the employee’s current rate of pay upon termination. This payment is not subject to benefits/pension contributions or leave accrual.
Appears in 4 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
Payment for Sick Leave On Termination. Any unused sick leave benefits shall be accumulated into a sick leave bank to be used for future illness of an employee as his/her needs may require, but may not in any event be converted to additional vacation, or time off with pay. Sick leave used shall be deducted from the accumulated bank. Unused sick leave may not be converted to cash payment except under termination or retirement following five (5) continuous years of active employment in a permanent position. Qualified employees shall be compensated for fifty percent (50%) of their unused sick leave at the employee’s current rate of pay upon termination. This payment is not subject to benefits/pension contributions or leave accrual.
Appears in 3 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
