– Payout of “Current” Sick Leave Sample Clauses

– Payout of “Current” Sick Leave. In-Service Cash-Out “Frozen 12 Sick Leave Bank” Employees hired on or prior to (the date of ratification) May 28, 2013 and who have completed 10 or more consecutive years of full-time service may cash-out unused sick leave over the remainder of their term of employment, not to exceed the amount of unused sick leave in the employee’s Sick Leave Bank on (the last day of the pay period in which this agreement is ratified or imposed) June 4, 2013. This leave will be maintained in a separate leave bank hereinafter referred to as “Frozen 12 Sick Leave Bank.” Employees may cash out some or all eligible unused sick leave once per fiscal year at a rate equal to 25% of the employee’s regular, straight time hourly rate that was in effect on (the first day of the full pay period following ratification of this agreement) June 5, 2013, exclusive of any additional duty pay, provided said cash-out does not result in the employee’s “Frozen 12” balance falling below 240 hours. Employees may not cash-out any sick leave accrued or earned on or after (the first day of the full pay period following ratification of this agreement) June 5, 2013. Payout Upon Separation of Service Upon separation of service, employees will be paid out for any hours remaining in the “Frozen 12 Sick Leave Bank” at a rate equal to the employee’s regular, straight-time hourly rate that was in effect on (the date of ratification of this agreement”May 28, 2013, exclusive of any additional duty pay pursuant to the following criteria: 1. Employees who had completed 10 or more consecutive years of full-time service as of (the date of ratification of this agreement) May 28, 2013: • shall be paid fifty percent (50%) of the balance of their “Frozen 12 Sick Leave Bank” at the time of separation of service 2. Employees hired on or prior to (the date of ratification of this agreement) May 28, 2013 who had not completed 10 or more years of consecutive service as of that date: • After the attainment of 10 years of consecutive full-time service, shall be paid 25% of the balance in their “Frozen 12 Sick Leave Bank” at the time of separation of service. Any sick leave that is cashed out during the term of employment shall be deducted from the eligible unused “Frozen 12 Sick Leave Bank” that may be cashed out upon separation of service. In-service cash-outs and payouts upon separation of service shall be exclusive of any sick leave accrued or earned on or after (the first day of the full pay period following ratificati...
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Related to – Payout of “Current” Sick Leave

  • Paid Sick Leave For those jurisdictions that have passed or will pass legislation requiring Paid Sick Leave, Paid Sick Time will be billed back to Client at the straight-time bill rate for all hours taken by any Consultant assigned to Client. This section is not applicable until the effective date of such legislation has been reached.

  • Accrued 100% sick leave The use of sick leave under this subsection is at the employee's discretion.

  • Sick Leave Bonus ‌ For every six (6) months of perfect sick leave attendance after July 1, 1987, the employee will receive eight (8) hours of bonus time. This bonus time will be prorated for part-time employees. Such bonus time can be used for any leave purpose covered by this Agreement. Such bonus time shall be counted as vacation leave credits for purposes of determining eligibility for carry- over and cash payments.

  • Deductions from Sick Leave A deduction shall be made from accumulated sick leave of all normal working days (exclusive of holidays) absent for sick leave.

  • Vacation and Sick Leave During the Term, Executive shall be entitled to (a) sick leave in accordance with the Company’s policies applicable to similarly situated executive officers of the Company from time to time and (b) 4 weeks paid vacation each calendar year (up to 40 hours of which may be carried forward to a succeeding year).

  • Payment for Unused Sick Leave (a) An employee with less than ten (10) years of FIU service who separates from FIU shall not be paid for any unused sick leave. (b) An employee who has completed ten (10) or more years of FIU service, has not been found guilty or has not admitted to being guilty of committing, aiding, or abetting any embezzlement, theft, or bribery in connection with State government, or has not been found guilty by a court of competent jurisdiction of having violated any State law against or prohibiting strikes by public employees, and separates from FIU because of retirement for other than disability reasons, termination, or death, shall be compensated at the employee's current regular hourly rate of pay for one-eighth of all unused sick leave accrued prior to October 1, 1973, plus one- fourth of all unused sick leave accrued on or after October 1, 1973; provided that one-fourth of the unused sick leave since 1973 does not exceed 480 hours. The compensation in this paragraph 8(4)(b) shall not be given to an employee who starts employment at FIU on or after July 1, 2006. (c) Upon layoff, an employee with ten (10) or more years of FIU service shall be paid for unused sick leave as described in paragraph b., above, unless the employee requests in writing that unused sick leave be retained pending re-employment. For an employee who is re-employed by the University within twelve (12) calendar months following layoff, all unused sick leave shall be restored to the employee, provided the employee requests such action in writing and repays the full amount of any lump sum leave payments received at the time of layoff. An employee who is not re- employed within twelve (12) calendar months following layoff shall be paid for sick leave in accordance with this Policy. (d) All payments for unused sick leave shall be made in lump sum and shall not be used in determining the average final compensation of an employee in any State administered retirement system. An employee shall not be carried on the payroll beyond the last official day of employment, except that an employee who is unable to perform duties because of a disability may be continued on the payroll until all sick leave is exhausted. (e) If an employee has received a lump sum payment for accrued sick leave, the employee may elect in writing, upon re-employment within 100 days, to restore the employee's accrued sick leave. Restoration will be effective upon the repayment of the full lump sum leave payment. (f) In the event of the death of an employee, payment for unused sick leave at the time of death shall be made to the employee's beneficiary, estate, or as provided by law.

  • Vacation; Sick Leave During the Employment Term, the Executive shall be entitled to not less than four (4) weeks of vacation during each calendar year and sick leave in accordance with the Company’s policies and practices with respect to its executives.

  • Sick Leave Allowance Faculty with a full-time assignment shall accrue sick leave at the rate of eight

  • Extension of Sick Leave Unless an employee otherwise requests in writing, an employee who has used up her sick leave credits shall be granted advanced sick leave with pay for a period up to fifteen (15) days subject to the deduction of such advanced leave from any sick leave credits subsequently earned.

  • Vacation, Holidays and Sick Leave During the Term, the Executive shall be entitled to paid vacation, paid holidays and sick leave in accordance with the Company's standard policies for its senior executive officers.

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