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Sick Day Buyback Sample Clauses

Sick Day Buyback. The District will “buy back” at a rate of $25 per day up to 90 accumulated sick days from Teachers 50 years or older who are retiring from the profession.
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Sick Day Buyback. 11.2.1 Upon retirement, a teacher age sixty (60) and over with twenty (20) or more years of continuous service to the District shall receive the equivalent of his/her daily rate of compensation (last salary/185) for each sick day left in that individual’s sick day account.
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Sick Day Buyback. The Employer will compensate the Employee for 50% of accrued sick time upon resignation, retirement or involuntary layoff, provided the Employee has a minimum of ten years of service. Upon retirement an Employee may donate up to twenty-five percent of his/her accrued sick leave to the sick leave bank.
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Sick Day Buyback. In addition, all sick leave days accumulated by a retiring individual prior to his/her final year of employment will be reimbursed at the rates listed below. This amount will also be added to the final year's salary and shall be payable in equal installments over the final school year. At the point of retirement, if an employee’s total number of accumulated sick days falls within one of the ranges listed below, they will receive the corresponding amount of money for each and all of their accumulated sick days. Days 1-99: $15 (Max of $1,485) Days 100-149: $25 (Max of $3,725) Days 150-189: $40 (Max of $6,615) Days 190-210: $55 (Max of $11,550) Increase the cap to 210 days. The maximum sick day buyback is $11,550. This cap applies to all bargaining unit members. If a member of Unit D, E & H hired after July 1, 2020, at the point of retirement has a total number of accumulated sick days falls within one of the ranges listed below, they will receive the corresponding amount of money for each and all of their accumulated sick days. Days 1-99: $15 (Max of $1,485) Days 100-149: $20 (Max of $2,980) Days 150-189: $25 (Max of $4,725) Days 190-210: $30 (Max of $6,300)
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Sick Day Buyback. The Town will compensate the Employee for 50% of accrued sick leave upon resignation and/or retirement, provided the Employee has a minimum of ten years of service.
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Related to Sick Day Buyback

  • Sick Days All employees shall be entitled to two (2) paid sick days each calendar year, upon completion of six (6) months of employment with the Employer. Employees are entitled to one additional paid sick day for each completed five (5) year term of service with the Employer, to a maximum annual entitlement of five (5) paid sick days. Pay for sick days is equal to eight (8) hours at an employee’s regular hourly rate of pay. Sick days cannot be carried over or paid out if not used within the calendar year.

  • Sick Leave Buy Back To encourage and reward employees who maintain good job attendance, the parties agree to the following incentive award: Employees who utilize two (2) sick leave days or less each assigned school calendar year and year-round employees who utilize three (3) sick leave days or less during each assigned school calendar year - upon request – shall receive payment for up to eight (8) days of sick leave, provided the employee worked the full assigned calendar year.* The following procedures apply to the payment of sick leave under this section. 1. An employee must have a minimum of twenty-five (25) days of accumulated sick leave remaining after the payment for unused sick leave under this section. 2. The payment of this incentive shall be paid to eligible employees no later than October 31st of the school year following the school year in which the employee qualified for the incentive pay. 3. For purposes of this section, sick leave shall be defined pursuant to all sections of F.S.1012.61. 4. Days for which such award payment is received shall be deducted from the accumulated leave balance. 5. Payment shall be equal to the number of eligible days times the affected employees daily rate of base pay times eighty percent (80%).

  • Sick Time An employee shall have all of his/her accrued sick leave credits transferred when the employee is transferred to a different State agency.

  • Vacation Buy Back Employees shall have the option of requesting pay in lieu of time off up to a maximum of 144 hours of vacation time each year, during each year of the contract in increments of eight (8) hrs. Such requests are subject to the approval of the department head and the availability of funds.

  • Holiday During Vacation If a holiday, named under Article 7 of this Agreement, falls within the vacation period of an employee, he shall be granted an additional day's pay in lieu of the holiday.

  • Sick Leave Days Subject to paragraphs C9.

  • Sick Leave Annual Cash Out ‌ Each January, employees are eligible to receive cash on a one (1) hour for four (4) hours basis for ninety-six (96) hours or less of their accrued sick leave, if: A. Their sick leave balance at the end of the previous calendar year exceeds four hundred and eighty (480) hours; B. The converted sick leave hours do not reduce their previous calendar year sick leave balance below four hundred and eighty (480) hours; and C. They notify their payroll office by January 31st that they would like to convert their sick leave hours earned during the previous calendar year, minus any sick leave hours used during the previous year, to cash. All converted hours will be deducted from the employee’s sick leave balance.

  • Holiday Premium Pay A Nurse working on a recognized Holiday is entitled to the following compensation for any hours worked on the calendar date of the recognized Holiday: A. A Full-Time or Part-Time Nurse who is regularly scheduled to work on a recognized Holiday shall be paid at the rate of one and one-half times (1.5 x) the Nurse’s regular rate of pay; or B. A Nurse who works overtime (as defined in Article 7.07) on a recognized Holiday shall be paid at the rate of two times (2 x) the Nurse’s regular rate of pay for the overtime worked.

  • Sick Leave Transfer An employee may transfer their earned sick leave to a spouse, sister, brother, parent, child or any designated person employed by the District under the provisions of. Board Policy 3430.03—Sick Leave (c) (3) (4) and related procedures.

  • Night Shift Employees who are required to work at least five-eighths of their normal daily tour of duty after 4:30 p.m. and before 8:00 a.m. shall be paid at the rate of five percent over and above his/her normal biweekly or hourly rate of pay for the entire shift so worked.

Most Referenced Clauses

Most Referenced Definitions