Payment for Unused Leave Days. It is agreed that at the end of the current fiscal year each employee who has less than six years of seniority shall receive $40 per day for each unused leave day (sick and personal business) granted during that fiscal year. Each employee who has six or more years of seniority shall receive $60 per day for each unused leave day. Payment shall be made in a lump sum on the second paycheck in July. Payment for unused leave days will be prorated on the basis of the number of hours worked per day based on $40 or $60 per day. Example: for an employee with 6 years seniority - $60 divided by 8 hrs. = $7.50 per hour x daily hours worked = amount of money per unused leave day.
Payment for Unused Leave Days. Employees with more than seventy (70) days of leave at the end of each contract year will be reimbursed for days beyond seventy (70) days at a rate of $35. Per day, back to the maximum of seventy (70) days.
