Prior Accumulation. Because of the changes in short leaves and in recognition of sick leave that was accumulated prior to December 31, 1990, any employee who accumulated sick leave days in excess of two hundred forty (240) days, two hundred twenty (220), or two hundred (200) days up to and including December 31, 1990, shall continue to be credited with such accumulation. Such accumulation shall be eligible for payment on a prorated basis at the rate of 1/240, 1/220, or 1/200 of seven thousand, two hundred dollars ($7,200), six thousand, six hundred dollars ($6,600), or six thousand dollars ($6,000) for each day, or .0015 times the annual contract salary at retirement, whichever is greater, provided the employee is otherwise eligible to participate in the plan.
Appears in 4 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
