Payout of Sick Leave Sample Clauses
Payout of Sick Leave. When an employee age 55 or older opts for severance pay he/she will also qualify in accordance with Article 12.6(a), for an amount equal to 50% of accumulated sick leave credits on the date of severance.
Payout of Sick Leave. 1. Except as specified below, upon separation of employment, each bargaining unit member who has completed at least twenty years of service within the bargaining unit, shall receive, upon separation of employment, the amount of 60 dollars for each accumulated and unused paid sick leave days remaining in their sick leave bank, up to a maximum of 150 days.
2. Such payments will not be made if any of the following occurs:
a. The employee does not provide at least 60 days written notice of separation to their Supervisor and the Human Resources Director of Compensation and Benefits.
b. The employee is terminated for misconduct.
Payout of Sick Leave. The City will pay upon retirement or termination between minimum age of fifty-five (55) and maximum age of sixty-five (65) and upon death of any age, twenty-five percent (25%) of unused sick leave accumulation, plus after five (5) years service an additional two percent (2%) per year based on a maximum of one hundred and forty (140) days accumulated sick leave. Payment will be made at the employee's current base rate of pay. Employees not covered by the Municipal Superannuation Act qualify for the benefits under this article. Notwithstanding the above, it is agreed that the payout entitlements contained in this article shall be confirmed to existing entitled employees on the City's payroll as at July 12, 1993. New employees shall be entitled to all rights as contained in Article XI except such payouts.
Payout of Sick Leave. An employee entitled to sick leave under this Article shall receive forty percent (40%) of their unused accumulated sick leave upon:
(a) retirement on or after the attainment of the minimum retirement age in conformity with the Municipal Superannuation Act of B.C., whichever shall last occur, or
(b) retirement with a permanent disability entitling the employee to superannuation, or
(c) death of an employee while in the service of the Employer, payable to the employee’s estate, or
(d) xxxxxxxxx, with five (5) or more years of seniority, as a payout of accumulated sick leave credits. This clause does not apply to employees dismissed for just cause or who resign unless the resignation follows layoff. *Note: Employees who were hired prior to September 13, 2005 will be grandparented to continue to receive severance, with five (5) or more years of seniority, as a payout of accumulated sick leave credits.
Payout of Sick Leave. Where an employee retires from the workforce, their sick leave accrual will be paid out to them.
Payout of Sick Leave. Other than as specifically provided within this Agreement, payout of sick leave is not required by this Agreement.
Payout of Sick Leave. There shall be no payout for the first 1,000 hours of accumulated sick leave. All balances for current employees over 1,000 hours as of June 30, 2013, will be frozen. By either retirement or separation with 25 years of service, these hours will be paid at the June 30, 2013 rate of pay at 100% into the
Payout of Sick Leave. The City will pay upon retirement or termination between minimum age of fifty-five
Payout of Sick Leave. An employee who qualifies for a payout pursuant to this Article based upon his/her age and/or years of service and who is laid off shall be afforded a period of twelve (12) months from the date of his/her layoff, or last day in the Reassigned Teacher Pool (whichever is later) to a resignation or retirement in order to qualify a payout. The Board will not use school-wide value added growth measure as a component of student growth in an individual teacher’s evaluation. The Board shall share with the CTU members of the Joint Committee a draft of the REACH handbook no later than June 30th of each year and the Board and CTU members of Joint Committee shall try to reach consensus on the language before the Board publishes the handbook on or about August 1st.
Payout of Sick Leave. Upon retirement, employees will be paid from their accrued sick leave at their then hourly rate as follows:
1. July 1, 2019
2. July 1, 2020
3. July 1, 2021