Common use of Payout Clause in Contracts

Payout. In the event the employee received sick leave payout at the time of layoff, he/she may elect to have all his/her sick leave accruals reinstated at the time of re- employment by reimbursing the Department the amount of the payout for sick leave at the time of layoff. In the event reimbursement is made, the employee will remain eligible for sick leave payout as described in 12.13

Appears in 4 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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Payout. In the event the employee received sick leave payout at the time of layoff, he/she may elect to have all his/her sick leave accruals reinstated at the time of re- employment by reimbursing the Department the amount of the payout for sick leave at the time of layoff. In the event reimbursement is made, the employee will remain eligible for sick leave payout as described in 12.1311.12

Appears in 3 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

Payout. In the event the employee received sick leave payout at the time of layoff, he/she may elect to have all his/her sick leave accruals reinstated at the time of re- employment by reimbursing the Department the amount of the payout for sick leave at the time of layoff. In the event reimbursement is made, the employee will remain eligible for sick leave payout as described in 12.13.

Appears in 1 contract

Samples: Collective Bargaining Agreement

Payout. In the event the employee received sick leave payout at the time of layoff, he/she may elect to have all his/her sick leave accruals reinstated at the time of re- employment by reimbursing the Department the amount of the payout for sick leave at the time of layoff. In the event reimbursement is made, the employee will remain eligible for sick leave payout as described in 12.13described

Appears in 1 contract

Samples: Collective Bargaining Agreement

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Payout. In the event the employee received sick leave payout at the time of layoff, he/she may elect to have all his/her sick leave accruals reinstated at the time of re- re-employment by reimbursing the Department the amount of the payout for sick leave at the time of layoff. In the event reimbursement is made, the employee will remain eligible for sick leave payout as described in 12.13

Appears in 1 contract

Samples: Collective Bargaining Agreement

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