Common use of Sick Benefit Bank Clause in Contracts

Sick Benefit Bank. A Sick Benefit Bank shall be established to assist employees on continuing employment who have exhausted their sick leave credits and remain on sick leave of absence due to prolonged serious illness or disability, with the following criteria: (a) Two (2) members from the Board and two (2) members from the Union will form a Sick Benefit Bank Committee to review and make recommendations to the Board for disbursement from the sick benefit bank. (b) If the Committee cannot agree then the application shall be forwarded to a mutually agreed upon mediator whose decision shall be final and binding. Any costs incurred shall be shared equally. (c) The Board shall maintain the Sick Benefit Bank in such amount as to ensure payments can be made to meet its liabilities pursuant to Article 23.06.

Sick Benefit Bank. A Sick Benefit Bank sick benefit bank shall be established to assist employees on continuing employment who have exhausted their sick leave credits and remain on sick leave of absence due to prolonged serious illness or disability, with the following criteria: (a) Two (2) members from the Board and two (2) members from the Union will form a Sick Benefit Bank Committee to review and make recommendations to the Board for disbursement from the sick benefit bank. (b) If the Committee committee cannot agree then the application shall be forwarded to a mutually agreed upon mediator whose decision shall be final and binding. Any costs incurred shall be shared equally. (c) The Board shall maintain the Sick Benefit Bank in such amount as sick benefit bank account with an annual sum of money equal to ensure payments can be made to meet its liabilities pursuant to Article 23.06two thousand, one hundred (2,100) hours of the average CUPE staff daily rate.