Common use of Payout of Sick Leave Clause in Contracts

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. When an employee age 55 fifty five (55) or older opts for severance pay he/she they will also qualify in accordance with Article 12.6(a), for an amount equal to fifty percent (50% %) of accumulated sick leave credits on the date of severance.

Payout of Sick Leave. When an employee age 55 or older opts for severance pay he/she or early retirement, they will also qualify in accordance with Article 12.6(a)the agreement, for an amount equal to 50% of accumulated sick leave credits on the date of severanceseverance or retirement.

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.Article