Common use of Payment of Unused Sick Time Clause in Contracts

Payment of Unused Sick Time. At the time of voluntary resignation, retirement (PERA eligible to draw pension), disability, or death, both part and full-time employees are entitled to payment of unused sick leave at the rate of 100% of straight pay at the current level of compensation up to a maximum of 400 hours. Upon death of an employee the same pay rate will be payable to the employee’s estate or designated beneficiary. Retirement for the purposes of this benefit only shall mean separation from Metro Bus of an employee eligible to receive PERA retirement or disability payment. After a full-time employee or part-time employee accumulates respectively a total of one hundred fifty (150) or seventy five (75) days of sick leave, the employee shall be paid each year for 50% of all unused sick leave earned that year (maximum of 6 days or 3 days respectively), the amount of such payment to be paid on the pay period in which the employee’s anniversary date falls.

Payment of Unused Sick Time. At the time of voluntary resignation, retirement (PERA XXXX eligible to draw pension), disability, or death, both part and full-time employees are entitled to payment of unused sick leave at the rate of 100% of straight pay at the current level of compensation up to a maximum of 400 hours. Upon death of an employee the same pay rate will be payable to the employee’s estate or designated beneficiary. Retirement for the purposes of this benefit only shall mean separation from Metro Bus of an employee eligible to receive PERA retirement or disability payment. After a full-time employee or part-time employee accumulates respectively a total of one hundred fifty (150) or seventy five (75) days of sick leave, the employee shall be paid each year for 50% of all unused sick leave earned that year (maximum of 6 days or 3 days respectively), the amount of such payment to be paid on the pay period in which the employee’s anniversary date falls.