Common use of Payout Clause in Contracts

Payout. Employees who retire on pension, or who voluntarily terminate their employment, or who are permanently laid off, shall upon such retirement, voluntary termination or permanent lay-off, be paid any sick leave accumulation they may have to their credit. Employees who have a sick leave credit balance in excess of twelve (12) days [ninety-six (96) hours], on each December 31st, shall receive a cash payout to a maximum of six (6) unused sick leave days [forty-eight (48) hours], provided no employee's sick leave bank shall fall below twelve (12) days [ninety-six (96) hours], as a result of a cash payout. Eligible employees shall receive a cash payout prior to January 31st of each year. Employees, if found abusing the privileges of this Article, shall be disciplined by the Employer. In such cases, the Employer may discontinue or reduce the benefits of the employee, or terminate the employee, but any such termination shall be subject to the Grievance Procedure. Accumulated sick leave information will be shown on the weekly pay stub. The Employer shall apply any accumulated sick leave to absences due to sickness or non- compensable accident not covered by insured Weekly Indemnity Benefits and may supplement Weekly Indemnity at the employee's request, but not to exceed the employee's normal earnings. Employees shall provide as much notice as possible when they are unable to report for a scheduled shift. Employees shall make a reasonable effort to notify the Employer of the absence as well as advising the Employer as to the estimated length of the absence and give notice of when they are able to return to work.

Payout. ‌ Employees who retire on pension, or who voluntarily terminate their employment, or who are permanently laid off, shall upon such retirement, voluntary termination or permanent lay-off, be paid any sick leave accumulation they may have to their credit. Employees who have a sick leave credit balance in excess of twelve (12) days [(ninety-six ([96) ] hours]), on each December 31st, shall receive a cash payout to a maximum of six (6) unused sick leave days [(forty-eight ([48) ] hours]), provided no employee's sick leave bank shall fall below twelve (12) days [(ninety-six ([96) ] hours]), as a result of a cash payout. Eligible employees shall receive a cash payout prior to January 31st of each year. Employees, if found abusing the privileges of this Article, shall be disciplined by the Employer. In such cases, the Employer may discontinue or reduce the benefits of the employee, or terminate the employee, but any such termination shall be subject to the Grievance Procedure. Accumulated sick leave information will be shown on the weekly pay stub. The Employer shall apply any accumulated sick leave to absences due to sickness or non- compensable accident not covered by insured Weekly Indemnity Benefits and may supplement Weekly Indemnity at the employee's request, but not to exceed the employee's normal earnings. Employees shall provide as much notice as possible when they are unable to report for a scheduled shift. Employees shall make a reasonable effort to notify the Employer of the absence as well as advising the Employer as to the estimated length of the absence and give notice of when they are able to return to work.

Payout. ‌ Employees who retire on pension, or who voluntarily terminate their employment, or who are permanently laid off, shall upon such retirement, voluntary termination or permanent lay-off, be paid any sick leave accumulation they may have to their credit. Employees who have a sick leave credit balance in excess of twelve (12) days [ninety-six (96) hours], on each December 31st, shall receive a cash payout to a maximum of six (6) unused sick leave days [forty-eight (48) hours], provided no employee's sick leave bank shall fall below twelve (12) days [ninety-six (96) hours], as a result of a cash payout. Eligible employees shall receive a cash payout prior to January 31st of each year. Employees, if found abusing the privileges of this Article, shall be disciplined by the Employer. In such cases, the Employer may discontinue or reduce the benefits of the employee, or terminate the employee, but any such termination shall be subject to the Grievance Procedure. Accumulated sick leave information will be shown on the weekly pay stub. The Employer shall apply any accumulated sick leave to absences due to sickness or non- compensable accident not covered by insured Weekly Indemnity Benefits and may supplement Weekly Indemnity at the employee's request, but not to exceed the employee's normal earnings. Employees shall provide as much notice as possible when they are unable to report for a scheduled shift. Employees shall make a reasonable effort to notify the Employer of the absence as well as advising the Employer as to the estimated length of the absence and give notice of when they are able to return to work.

Payout. Employees who retire on pension, or who voluntarily terminate their employment, or who are permanently laid off, shall upon such retirement, voluntary termination or permanent lay-off, be paid any sick leave accumulation they may have to their credit. Employees who have a sick leave credit balance in excess of twelve (12) days [(ninety-six (96) hours]), on each December 31st, shall receive a cash payout to a maximum of six (6) unused sick leave days [(forty-eight (48) hours]), provided no employee's ’s sick leave bank shall fall below twelve (12) days [(ninety-six (96) hours]), as a result of a cash payout. Eligible employees shall receive a cash payout prior to January 31st of each year. Employees, if found abusing the privileges of this Article, shall be disciplined by the Employer. In such cases, the Employer may discontinue or reduce the benefits of the employee, or terminate the employee, but any such termination shall be subject to the Grievance Procedure. Accumulated sick leave information will be shown on the weekly pay stub. The Employer shall apply any accumulated sick leave to absences due to sickness or non- non-compensable accident not covered by insured Weekly Indemnity Benefits and may supplement Weekly Indemnity at the employee's ’s request, but not to exceed the employee's ’s normal earnings. Employees shall provide as much notice as possible when they are unable to report for a scheduled shift. Employees shall make a reasonable effort to notify the Employer of the absence as well as advising the Employer as to the estimated length of the absence and give notice of when they are able to return to work.

Payout. Employees who retire on pension, or who voluntarily terminate their employmentemployment with the Employer, or who are permanently laid offoff from their employment with the Employer, shall upon such retirement, voluntary termination or permanent lay-off, be paid any sick leave accumulation they may have to their credit. Employees who have a sick leave credit balance in excess of twelve (12) days [(ninety-six (96) hours]), as of December 31st 1983 and on each December 31st31st thereafter, shall receive a cash payout to a maximum of six (6) unused sick leave days [(forty-eight (48) hours]), provided no employee's sick leave bank shall fall below twelve (12) days [(ninety-six (96) hours]), as a result of a cash payout. Eligible employees shall receive a cash payout prior to January 31st of each year. Employees, if found abusing the privileges of this ArticleSection, shall be disciplined by the Employer. In such cases, the Employer may discontinue or reduce the benefits of the employee, or terminate the employee, but any such termination shall be subject to the Grievance Procedure. Accumulated It is agreed that accumulated sick leave information will be shown available to employees, in writing, on the weekly pay stubat least a monthly basis. The procedures to be used will be discussed with each Company individually. The Employer shall apply any accumulated sick leave to absences due to sickness or non- non-compensable accident not covered by insured Weekly Indemnity Benefits and may supplement Weekly Indemnity at the employee's request, but not to exceed the employee's normal earnings. Employees shall provide as much notice as possible when they are unable to report for a scheduled shift. Employees shall make a reasonable effort to notify the Employer of the absence as well as advising the Employer as to the estimated length of the absence and give notice of when they are able to return to work.

Payout. Employees who retire on pension, or who voluntarily terminate their employmentemployment with the Employer, or who are permanently laid offoff from their employment with the Employer, shall upon such retirement, voluntary termination or permanent lay-off, be paid any sick leave accumulation they may have to their credit. Employees who have a sick leave credit balance in excess of twelve (12) days [(ninety-six (96) hours]), as of December 31st 1983 and on each December 31st31st thereafter, shall receive a cash payout to a maximum of six (6) unused sick leave days [(forty-eight (48) hours]), provided no employee's sick leave bank shall fall below twelve (12) days [(ninety-six (96) hours]), as a result of a cash payout. Eligible employees shall receive a cash payout prior to January 31st of each year. Employees, if found abusing the privileges of this ArticleSection, shall be disciplined by the Employer. In such cases, the Employer may discontinue or reduce the benefits of the employee, or terminate the employee, but any such termination shall be subject to the Grievance Procedure. Accumulated It is agreed that accumulated sick leave information will be shown available to employees, in writing, on the weekly pay stubat least a monthly basis. The procedures to be used will be discussed with each Company individually. The Employer shall apply any accumulated sick leave to absences due to sickness or non- non-compensable accident not covered by insured Weekly Indemnity Benefits and may supplement Weekly Indemnity at the employee's request, but not to exceed the employee's normal earnings. Employees shall provide as much notice as possible when they are unable to report for a scheduled shift. Employees shall make a reasonable effort to notify the Employer of the absence as well as advising the Employer as to the estimated length of the absence and give notice of when they are able to return to work.. (b) WORKERS' COMPENSATION BOARD (1) W.C.B.

Payout. ‌ Employees who retire on pension, or who voluntarily terminate their employmentemployment with the Employer, or who are permanently laid offoff from their employment with the Employer, shall upon such retirement, voluntary termination or permanent lay-off, be paid any sick leave accumulation they may have to their credit. Employees who have a sick leave credit balance in excess of twelve (12) days [(ninety-six (96) hours]), as of December 31, 1983 and on each December 31st31st thereafter, shall receive a cash payout to a maximum of six (6) unused sick leave days [forty-(forty- eight (48) hours]), provided no employee's sick leave bank shall fall below twelve (12) days [(ninety-six (96) hours]), as a result of a cash payout. Eligible employees shall receive a cash payout prior to January 31st of each year. Employees, if found abusing the privileges of this Article, shall be disciplined by the Employer. In such cases, the Employer may discontinue or reduce the benefits of the employee, or terminate the employee, but any such termination shall be subject to the Grievance Procedure. Accumulated It is agreed that accumulated sick leave information will be shown available to employees, in writing, on the weekly pay stubat least a monthly basis. The procedures to be used will be discussed with each Company individually. The Employer shall apply any accumulated sick leave to absences due to sickness or non- compensable accident not covered by insured Weekly Indemnity Benefits and may supplement Weekly Indemnity at the employee's request, but not to exceed the employee's normal earnings. Employees shall provide as much notice as possible when they are unable to report for a scheduled shift. Employees shall make a reasonable effort to notify the Employer of the absence as well as advising the Employer as to the estimated length of the absence and give notice of when they are able to return to work.