Common use of Rate of Conversion Clause in Contracts

Rate of Conversion. Sick leave days that are eligible for conversion shall be converted to monetary compensation at the rate of twenty-five (25%) percent of an employee’s current, full-time daily rate of compensation for each full day of eligible sick leave. Partial days of eligible sick leave shall be converted on a pro rate basis. All sick leave days converted pursuant to this section shall be deducted from an employee’s accumulated sick leave balance. Compensation received pursuant to this section shall not be included for the purpose of computing a retirement allowance under any public retirement system in this state.

Rate of Conversion. Sick leave days that are eligible for conversion shall be converted to monetary compensation at the rate of twenty-five (25%) percent of an employee’s current, full-time daily rate of compensation at the time of termination of employment for each full day of eligible sick leave. Partial days of eligible sick leave shall be converted on a pro rate rata basis. All sick leave days converted pursuant to this section shall be deducted from an employee’s accumulated sick leave balance. Compensation received pursuant to this section shall not be included for the purpose of computing a retirement allowance under any public retirement system in this state.

Rate of Conversion. Sick leave days that are eligible for conversion shall be converted to 31 monetary compensation at the rate of twenty-five percent (25%) percent of an the employee’s 32 current, full-time daily rate of compensation for each full day of eligible sick leave. 33 Partial days of eligible sick leave shall be converted on a pro rate rata basis. 35 3. All sick leave days converted pursuant to this section shall be deducted from an employee’s 36 accumulated sick leave balance. 38 4. Compensation received pursuant to this section the above shall not be included for the purpose of 39 computing a retirement allowance under any public retirement system in this statethe Public Employees’ Retirement System.

Rate of Conversion. Sick leave days that are eligible for conversion shall be 2 converted to monetary compensation at the rate of twenty-five percent (25%) percent of an 3 employee’s current, full-full time daily rate of compensation at the time of termination of 4 employment for each full day of eligible sick leave, to a maximum of one hundred 5 eighty (180) days. Partial days of eligible sick leave shall be converted on a pro rate basis. All sick leave days converted pursuant to this section shall be deducted from an employee’s accumulated sick leave balance. Compensation received pursuant to this section shall not be included for the purpose of computing a retirement allowance under any public retirement system in this state.pro-rata

Rate of Conversion. Sick leave days that are eligible for conversion shall be converted 15 to monetary compensation at the rate of twenty-five percent (25%) percent of an employee’s current, 16 full-time daily rate of compensation at the time of termination of employment for each 17 full day of eligible sick leave, to a maximum of one hundred eighty (180) days. Partial 18 days of eligible sick leave shall be converted on a pro rate pro-rata basis. All sick leave days converted pursuant to this section shall be deducted from an employee’s accumulated sick leave balance. Compensation received pursuant to this section shall not be included for the purpose of computing a retirement allowance under any public retirement system in this state.

Rate of Conversion. Sick leave days that are eligible for conversion shall be converted to 19 monetary compensation at the rate of twenty-five percent (25%) percent of an employee’s current, full-full time 20 daily rate of compensation at the time of termination of employment for each full day of 21 eligible sick leave, to a maximum of one hundred eighty (one hundred eighty (180) days). 22 Partial days of eligible sick leave shall be converted on a pro rate pro-rata basis. All sick leave days converted pursuant to this section shall be deducted from an employee’s accumulated sick leave balance. Compensation received pursuant to this section shall not be included for the purpose of computing a retirement allowance under any public retirement system in this state.