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.
Appears in 5 contracts
Samples: Collective Bargaining Agreement, Agreement, Collective Bargaining Agreement
