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.
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. 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. ARTICLE 37-5 – ARTICLE 38-2 (NO CHANGES) ARTICLE 39 TEACHER EVALUATION 39-1. Evaluation Plan and Procedures. (Changes Effective for the 2016-17 school year and thereafter) Incorporate Clinician plan. Eliminate reference to 3-29-2012 Plan 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. An employee entitled to sick leave under this Article shall receive forty percent (40%) of his unused accumulated sick leave upon:
Payout of Sick Leave. Employees who leave employment for any reason shall forfeit all accrued sick leave, with two exceptions. The first exception is for employees who are eligible for and have placed additional sick leave in a separate medical savings account as described in Section 1 above. If such employee leaves employment with the Employer, the employee forfeits his/her accrued sick leave but is entitled to utilize any money in that employee’s medical savings account. The second exception is for employees who leave employment for a normal retirement, including duty disability retirement. Such employees shall have one hundred percent (100%) of their accrued sick leave hours converted to cash at the hourly rate in effect at the time of retirement and placed in an IRS approved tax exempt medical savings account.
Payout of Sick Leave. The City will pay upon retirement or termination between minimum age of fifty-five
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. 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. After five years of continuous employment with the City and upon retirement, a regular, part- time employee will receive compensation for unused sick leave as follows:
