Common use of Repayment of loaned days Clause in Contracts

Repayment of loaned days. 1. Members of the Sick Leave Bank shall repay the borrowed days at the rate of not less than three (3) days per school year until the loan is repaid. The days may be repaid from accumulated days the rate of the qualifying member when the days were granted, or through a combination of either. 2. Personnel who have donated at least ten (10) days to the Sick Leave Bank, and who have not previously borrowed from the bank or who do not have an outstanding balance, may use those ten (10) days without repayment following the same application and approval process as stated in Section 4. 3. A recipient who leaves the employment of MSD of Xxxxx Township and still owes a quantity of days to the Sick Leave Bank: a) May have the dollar value of the remaining days deducted from his/her final paychecks at the rate teacher sub pay when the days were granted. b) May transfer any accumulated sick days to the bank as repayment of the loan. c) Shall use a combination of either. 4. Recipients who retire, or become totally or permanently disabled after borrowing days from the SLB are exempt from repayment of loaned days. If the recipient dies before the borrowed days are repaid, repayment of the days will not be requested from the recipient’s estate. 5. Teachers may not donate sick days to another employee. Employees must request additional sick days through the process stated above.