Common use of Payout of Accrued Clause in Contracts

Payout of Accrued. Leave (2021) Employees who resign in good standing are eligible for payout of all accrued vacation and compensatory time. Employees are not eligible for payout of personal leave. In addition, employees who resign in good standing are eligible for accrued sick leave payouts as follows: A separating employee, who was hired on or before July 1, 2013, who has completed the new hire probationary period, who leaves in good standing, will be paid for each day of accrued vacation leave, all accrued but unused compensatory time and for fifty percent (50%) of the employee's accrued sick leave up to a maximum of fifty percent (50%) of seven hundred twenty (720) hours of the employee's accrued sick leave for a total of three hundred sixty (360) hours of paid unused sick leave. Payment will be made at the employee's salary or wage level at the separation date. Any employee hired between July 1, 2013 and June 30, 2015, who has completed the new hire probationary period, who leaves in good standing, will be paid for each day of accrued vacation leave, all accrued but unused compensatory time, and for fifty percent (50%) of the employee’s accrued sick leave up to a maximum of (50%) of four hundred (400) hours of accrued employee’s sick leave for a total of two-hundred (200) hours paid of unused sick leave. Payment will be made at the employee’s salary or wage level at the separation date. Any employee hired on or after July 1, 2015, who has completed the new hire probationary period, who leaves in good standing, will be paid for each day of accrued vacation leave, all accrued but unused compensatory time, and for fifty percent (50%) of the employee’s accrued sick leave up to a maximum of (50%) of two hundred (200) hours of accrued employee’s sick leave for a total of one-hundred (100) hours paid of unused sick leave. Payment will be made at the employee’s salary or wage level at the separation date. Employees who resign or who are dismissed during their new hire probationary period will only be compensated for accumulated compensatory time. Payout of accrued leave shall be made in eighty (80) hour increments and in separate checks at the time of separation, unless Workday Time & Attendance, or another replacement payroll system, is implemented during the term of this Agreement and cannot accommodate the eighty (80) hour incremental payouts. Once an employee provides written notice to retire, the Judicial Branch will notify MSEA of the employee’s intent to retire so optional retirement benefits may be offered to the employee. (See also Article Probationary Status)

Appears in 3 contracts

Samples: Administrative Services Bargaining Unit Agreement, Administrative Services Bargaining Unit Agreement, Administrative Services Bargaining Unit Agreement

AutoNDA by SimpleDocs

Payout of Accrued. Leave (2021) Employees who resign in good standing are eligible for payout of all accrued vacation and compensatory time. Employees are not eligible for payout of personal leave. In addition, employees who resign in good standing are eligible for accrued sick leave payouts as follows: A separating employee, who was hired on or before July 1, 2013, who has completed the new hire probationary period, who leaves in good standing, will be paid for each day of accrued vacation leave, all accrued but unused compensatory time and for fifty percent (50%) of the employee's accrued sick leave up to a maximum of fifty percent (50%) of seven hundred twenty (720) hours of the employee's accrued sick leave for a total of three hundred sixty (360) hours of paid unused sick leave. Payment will be made at the employee's salary or wage level at the separation date. Any employee hired between July 1, 2013 and June 30, 2015, who has completed the new hire probationary period, who leaves in good standing, will be paid for each day of accrued vacation leave, all accrued but unused compensatory time, and for fifty percent (50%) of the employee’s accrued sick leave up to a maximum of (50%) of four hundred (400) hours of accrued employee’s sick leave for a total of two-hundred (200) hours paid of unused sick leave. Payment will be made at the employee’s salary or wage level at the separation date. Any employee hired on or after July 1, 2015, who has completed the new hire probationary period, who leaves in good standing, will be paid for each day of accrued vacation leave, all accrued but unused compensatory time, and for fifty percent (50%) of the employee’s accrued sick leave up to a maximum of fifty percent (50%) of two hundred (200) hours of accrued employee’s sick leave for a total of one-hundred (100) hours paid of unused sick leave. Payment will be made at the employee’s salary or wage level at the separation date. Employees who resign or who are dismissed during their new hire probationary period will only be compensated for accumulated compensatory time. Payout of accrued leave shall be made in eighty (80) hour increments and in separate checks at the time of separation, unless Workday Time & Attendance, or another replacement payroll system, is implemented during the term of this Agreement and cannot accommodate the eighty (80) hour incremental payouts. Once an employee provides written notice to retire, the Judicial Branch will notify MSEA of the employee’s intent to retire so optional retirement benefits may be offered to the employee. (See also Article Article: Probationary Status)

Appears in 1 contract

Samples: Supervisory Services Bargaining Unit Agreement

Payout of Accrued. Leave (2021) Employees who resign in good standing are eligible for payout of all accrued vacation and compensatory time. Employees are not eligible for payout of personal leave. In addition, employees who resign in good standing are eligible for accrued sick leave payouts payouts, as follows: A separating employee, who was hired on or before July 1, 2013, who has completed the new hire probationary period, who leaves in good standing, will be paid for each day of accrued vacation leave, all accrued but unused compensatory time and for fifty percent (50%) of the employee's accrued sick leave up to a maximum of fifty percent (50%) of seven hundred and twenty (720) hours of the employee's accrued sick leave for a total of three hundred sixty (360) hours of paid unused sick leave. Payment will be made at the employee's salary or wage level at the separation date. Any employee hired between July 1, 2013 and June 30, 2015, who has completed the new hire probationary period, who leaves in good standing, will be paid for each day of accrued vacation leave, all accrued but unused compensatory time, and for fifty percent (50%) of the employee’s accrued sick leave up to a maximum of fifty percent (50%) of four four-hundred (400) hours of accrued employee’s sick leave for a total of two-hundred (200) hours paid of unused sick leave. Payment will be made at the employee’s salary or wage level at the separation date. Any employee hired on or after July 1, 2015, who has completed the new hire probationary period, who leaves in good standing, will be paid for each day of accrued vacation leave, all accrued but unused compensatory time, and for fifty percent (50%) of the employee’s accrued sick leave up to a maximum of fifty percent (50%) of two hundred (200) hours of accrued employee’s sick leave for a total of one-hundred (100) hours paid of unused sick leave. Payment will be made at the employee’s salary or wage level at the separation date. Employees who resign or who are dismissed during their new hire probationary period will only be compensated for accumulated compensatory time. Payout of accrued leave shall be made in eighty (80) hour increments and in separate checks at the time of separation, unless Workday Time & Attendance, or another replacement payroll system, is implemented during the term of this Agreement and cannot accommodate the eighty (80) hour incremental payouts. Once an employee provides written notice to retire, the Judicial Branch will notify MSEA of the employee’s intent to retire so optional retirement benefits may be offered to the employee. (See also Article 49, Probationary Status)

Appears in 1 contract

Samples: Professional Services Bargaining Unit Agreement

AutoNDA by SimpleDocs

Payout of Accrued. Leave (20212019) Employees who resign in good standing are eligible for payout of all accrued vacation and compensatory time. Employees are not eligible for payout of personal leave. In addition, employees who resign in good standing are eligible for accrued sick leave payouts payouts, as follows: A separating employee, who was hired on or before July 1, 2013, who has completed the new hire probationary period, who leaves in good standing, will be paid for each day of accrued vacation leave, all accrued but unused compensatory time and for fifty percent (50%) of the employee's accrued sick leave up to a maximum of fifty percent (50%) of seven hundred and twenty (720) hours of the employee's accrued sick leave for a total of three hundred sixty (360) hours of paid unused sick leave. Payment will be made at the employee's salary or wage level at the separation date. Any employee hired between July 1, 2013 and June 30, 2015, who has completed the new hire probationary period, who leaves in good standing, will be paid for each day of accrued vacation leave, all accrued but unused compensatory time, and for fifty percent (50%) of the employee’s accrued sick leave up to a maximum of fifty percent (50%) of four four-hundred (400) hours of accrued employee’s sick leave for a total of two-hundred (200) hours paid of unused sick leave. Payment will be made at the employee’s salary or wage level at the separation date. Any employee hired on or after July 1, 2015, who has completed the new hire probationary period, who leaves in good standing, will be paid for each day of accrued vacation leave, all accrued but unused compensatory time, and for fifty percent (50%) of the employee’s accrued sick leave up to a maximum of fifty percent (50%) of two hundred (200) hours of accrued employee’s sick leave for a total of one-hundred (100) hours paid of unused sick leave. Payment will be made at the employee’s salary or wage level at the separation date. Employees who resign or who are dismissed during their new hire probationary period will only be compensated for accumulated compensatory time. Payout of accrued leave shall be made in eighty (80) hour increments and in separate checks checks, or in full at the employee’s request, at the time of separation, unless Workday Time & Attendance, or another replacement payroll system, is implemented during the term of this Agreement and cannot accommodate the eighty (80) hour incremental payouts. Once an employee provides written notice to retire, the Judicial Branch will notify MSEA of the employee’s intent to retire so optional retirement benefits may be offered to the employee. (See also Article 49, Probationary Status)

Appears in 1 contract

Samples: Professional Services Bargaining Unit Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.