Reimbursement for Unused Sick Days Sample Clauses

Reimbursement for Unused Sick Days. The Employer agrees to reimburse Employees who retire under the provisions of the Public School Employees’ Retirement System, so long as the Employee provides the District 90 calendar days’ notice of retirement. This requirement will not apply if the retirement is a disability retirement. The reimbursement will be at one-third of the Employee’s full-time per diem rate per unused sick day up to a maximum of one hundred thirty-five (135) days. The Employer shall contribute this reimbursement as a nonelective contribution to the Employee’s tax sheltered annuity 403(b) plan and 457(b) plan as permitted by law.
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Reimbursement for Unused Sick Days. A. Accumulated unused sick days for non-TRS credible service at the maximum allowable days of fifty (50) will be reimbursed to retirees at the current substitute teacher daily pay rate. B. Compensation will be paid to the retiree by the last pay in the month of September following retirement. C. Such salary is not considered TRS earnings but is subject to IRS guidelines. D. Request for such payment must occur by April 1st in the year of retirement. E. Due to circumstances out of anyone’s control, during the remainder for the school year, calculations can be adjusted. F. Teachers new to TRS after the effective date of SB1 shall be eligible for reimbursement for unused sick days as outlined above, given they have accumulated a minimum of 135 sick days.
Sample 1
Reimbursement for Unused Sick Days. Any employee who has worked at least fifteen (15) full years in the North Hunterdon-Xxxxxxxx Regional High School District shall, upon retirement or resignation, be reimbursed for accumulated but unused sick days. The rate of payment shall be one (1) day’s pay for each two (2) unused sick days, cal- culated from the average salary paid during the final three (3) years of employment. The reimbursement shall be paid to the former employee or his designated beneficiary in five (5) equal installments payable on or about September 1 of each of the five (5) school years following his retirement or resignation. The maximum payment shall be $30,000, or, if the individual’s cost entitlement on June 30, 2001 is higher than $30,000, the individual shall be entitled to a maximum as high as the June 30, 2001 amount. Payments to be made in a accordance with applicable I.R.S. Regulations.
Sample 1
Reimbursement for Unused Sick Days. 1. Any employee who has worked at least fifteen (15) full years in the North Hunterdon-Xxxxxxxx Regional High School District shall, upon retirement or resignation, be reimbursed for all accumulated but unused sick days. The rate of payment shall be one day's pay for each two unused sick days, calculated from the employee's average salary paid in the final three (3) years of employment. The reimbursement shall be paid to the former employee or to his designated beneficiary in five equal installments, without interest, payable on or about September 1 of each of the five school years following his retirement or resignation. 2. This benefit shall be suspended for any employee for whom charges have been forwarded to the Commissioner of Education for a hearing, and forfeited if such charges are upheld. 3. The maximum benefit under this plan shall be $25,000, or the individual’s entitlement as of June 30, 2000 if that entitlement is higher than $25,000.
Sample 1
Reimbursement for Unused Sick Days. If a bargaining unit member has ten years of service in the District and leaves the District for any reason other than dismissal for cause, he/she shall be paid $40.00 per day. If an employee’s service ends due to death then any accumulated unused sick leave shall be paid to his/her estate.
Sample 1
Reimbursement for Unused Sick Days. The Employer agrees to reimburse Employees who retire under the provisions of the Public School Employees' Retirement System, so long as the Employee provides the District 90 calendar days notice of retirement. This requirement will not apply if the retirement is a disability retirement. The xxxx- bursement will be at one-third of the Employee's full-time per diem rate per unused sick day to a maximum of one hundred thirty (130) days for years one and two of this contract and one hundred thirty-five (135) days thereafter. The Employer agrees, at the Employee’s request, to contribute this reimbursement in the employee’s tax sheltered annuity 403(b) plan and 457(b) as permitted by law.
Sample 1

Related to Reimbursement for Unused Sick Days

  • Payment for Unused Sick Leave (a) An employee with less than ten (10) years of FIU service who separates from FIU shall not be paid for any unused sick leave. (b) An employee who has completed ten (10) or more years of FIU service, has not been found guilty or has not admitted to being guilty of committing, aiding, or abetting any embezzlement, theft, or bribery in connection with State government, or has not been found guilty by a court of competent jurisdiction of having violated any State law against or prohibiting strikes by public employees, and separates from FIU because of retirement for other than disability reasons, termination, or death, shall be compensated at the employee's current regular hourly rate of pay for one-eighth of all unused sick leave accrued prior to October 1, 1973, plus one- fourth of all unused sick leave accrued on or after October 1, 1973; provided that one-fourth of the unused sick leave since 1973 does not exceed 480 hours. The compensation in this paragraph 8(4)(b) shall not be given to an employee who starts employment at FIU on or after July 1, 2006. (c) Upon layoff, an employee with ten (10) or more years of FIU service shall be paid for unused sick leave as described in paragraph b., above, unless the employee requests in writing that unused sick leave be retained pending re-employment. For an employee who is re-employed by the University within twelve (12) calendar months following layoff, all unused sick leave shall be restored to the employee, provided the employee requests such action in writing and repays the full amount of any lump sum leave payments received at the time of layoff. An employee who is not re- employed within twelve (12) calendar months following layoff shall be paid for sick leave in accordance with this Policy. (d) All payments for unused sick leave shall be made in lump sum and shall not be used in determining the average final compensation of an employee in any State administered retirement system. An employee shall not be carried on the payroll beyond the last official day of employment, except that an employee who is unable to perform duties because of a disability may be continued on the payroll until all sick leave is exhausted. (e) If an employee has received a lump sum payment for accrued sick leave, the employee may elect in writing, upon re-employment within 100 days, to restore the employee's accrued sick leave. Restoration will be effective upon the repayment of the full lump sum leave payment. (f) In the event of the death of an employee, payment for unused sick leave at the time of death shall be made to the employee's beneficiary, estate, or as provided by law.

  • REIMBURSEMENT FOR MILEAGE AND INSURANCE 1. An employee who is required by their employer to use their private vehicle for school district related purposes shall receive reimbursement of: Effective July 1, 2019 $ 0.56 c/Km Effective July 1, 2020 $ 0.57 c/Km Effective July 1, 2021 $ 0.58 c/Km 2. The mileage reimbursement rate established in Article B.10.1 shall be increased by 5 cents/kilometer for travel that is approved and required on unpaved roads. 3. The employer shall reimburse an employee who is required to use their personal vehicle for school district purposes, the difference in premium costs between ICBC rate Class 002 (Pleasure to/from Work) and ICBC rate Class 007 (Business Class) where the employee is required to purchase additional insurance in order to comply with ICBC regulations respecting the use of one’s personal vehicle for business purposes.

  • Unused Sick Leave The accrual of unused sick leave hours is unlimited. The City and the Union commit to the evaluation and establishment of a mutually beneficial non-use of sick leave incentive and pay-out policy. Until such time that a policy is established, accumulated sick leave shall be compensated as follows: Upon retirement from the City service, an employee shall be paid sixty percent (60%) of his accumulated sick leave, with the rate of payment based upon his regular pay at the time he retires. Upon the death of an employee, his beneficiary shall be paid sixty percent (60%) of his accumulated unused sick leave, with the payment based upon his regular pay at the date of his death.

  • Reimbursement for Advances If the Fund requires the Custodian to advance cash or securities for any purpose for the benefit of a Portfolio including the purchase or sale of foreign exchange or of contracts for foreign exchange, or in the event that the Custodian or its nominee shall incur or be assessed any taxes, charges, expenses, assessments, claims or liabilities in connection with the performance of this Contract, except such as may arise from its or its nominee's own negligent action, negligent failure to act or willful misconduct, any property at any time held for the account of the applicable Portfolio shall be security therefor and should the Fund fail to repay the Custodian promptly, the Custodian shall be entitled to utilize available cash and to dispose of such Portfolio's assets to the extent necessary to obtain reimbursement.

  • Reimbursement for Business Expenses During the period that Executive is employed with the Company hereunder, the Company shall reimburse Executive for all reasonable, necessary and documented expenses incurred by Executive in performing Executive’s duties for the Company, on the same basis as similarly situated employees generally and in accordance with the Company’s policies as in effect from time to time; and

  • Reimbursement of Business Expenses The Executive is authorized to incur reasonable expenses in carrying out the Executive’s duties for the Company under this Agreement and shall be entitled to reimbursement for all reasonable business expenses the Executive incurs during the Period of Employment in connection with carrying out the Executive’s duties for the Company, subject to the Company’s expense reimbursement policies and any pre-approval policies in effect from time to time.

  • Unreimbursed medical expenses If you take payments to pay for unreimbursed medical expenses that exceed a specified percentage of your adjusted gross income, you will not be subject to the 10 percent early distribution penalty tax. For further detailed information and effective dates you may obtain IRS Publication 590-B, Distributions from Individual Retirement Arrangements (IRAs), from the IRS. The medical expenses may be for you, your spouse, or any dependent listed on your tax return.

  • Reimbursement of Travel Expenses If the Servicer provides access to the Review Materials at one of its properties, the Issuer will reimburse the Asset Representations Reviewer for its reasonable travel expenses incurred in connection with the Review on receipt of a detailed invoice.

  • Unused Fees For each day during the term hereof that the Applicable Rate is determined pursuant to clause (a) of the definition of Applicable Rate, the Borrower shall pay a fee to the Administrative Agent for the pro rata benefit of the Lenders in an amount equal to the Unused Fee for such day. The Unused Fee shall be payable quarterly in arrears on the first Business Day of each calendar quarter and as of the Revolving Maturity Date.

  • Monthly Management Fee Payment On the first business day of each month, each class of each Fund shall pay the management fee to the Investment Manager for the previous month. The fee for the previous month shall be the sum of the Daily Management Fee Calculations for each calendar day in the previous month.

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