Common use of Sick Credit Bank Clause in Contracts

Sick Credit Bank. The provisions for payout of sick leave credits for full-time nurses employed prior to April 1, 1991 in the Weeneebayko Area Health Authority bargaining unit are as follows: Upon termination of employment, 50% of sick leave credits accumulated will be paid at the nurse’s regular rate of pay to a maximum of 60 days subject to the following conditions: i) The nurse will have given sufficient notice of termination; ii) The nurse will not have been terminated for just cause. The parties may agree to voluntarily cash out existing sick leave banks. The amount of the payout shall be a cash settlement at the nurse’s current salary rate for any of unused sick credits to the maximum provided under the sick leave plan in which the nurse participated in as of the date of this Agreement. iii) There is no payout of the sick leave bank on termination for nurses previously in the PIPSC bargaining unit as no pay out existed under that plan.

Sick Credit Bank. The provisions for payout of sick leave credits for full-time nurses employed prior to April 1, 1991 in the Weeneebayko Area Health Authority bargaining unit are as follows: Upon termination of employment, 50% of sick leave credits accumulated will be paid at the nurse’s regular rate of pay to a maximum of 60 days subject to the following conditions: i) The nurse will have given sufficient notice of termination; ii) The nurse will not have been terminated for just cause. The parties may agree to voluntarily cash out existing sick leave banks. The amount of the payout shall be a cash settlement at the nurse’s current salary rate for any of unused sick credits to the maximum provided under the sick leave plan in which the nurse participated in as of the date of this Agreement. iii) There is no payout of the sick leave bank on termination for nurses previously in the PIPSC bargaining unit as no pay out existed under that plan. 14.02 WSIB – Partial Tour