Sick Day Conversion Sample Clauses

Sick Day Conversion. When an Employee retires from the District, regardless of years of service and regardless of their Retirement System eligibility, the employee will be entitled to convert his/her accumulated unused sick days at $75.00 per day. Maximum days paid at retirement will be 320 days.
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Sick Day Conversion. As an incentive to save sick days, an Administrator who has an employment relationship with the Chippewa Valley Board of Education for at least fifteen (15) years and has a minimum of one- hundred (100) personal accumulated sick days may convert sick days to vacation days. The number of vacation days shall be calculated based on the following formula: [(Number of sick days-50) times 94.66% of current substitute rate] divided by (contract amount divided by 208) = number of vacation days Example: Years of Service-23 Years of Service-36 Accumulated Sick Days-200 Accumulated Sick Days-125 Contract Amount -$96,650 Contract Amount-$109,811 [(200-50)*.9466*$75]/$96,650/208) [(125-50)-.9466-$75]/$109,811/208) [150*$71.00]/$464.66 [75*71.00]/$527.94 $10,650.00/$464.66=22.92 vacation days $5,325.00/$527.94=10.09 vacation days The percentage may be changed on an annual basis depending on the costs incurred by the district. This percentage must be mutually agreed to by both parties. Vacation day pay shall be included in the pay check on dates mutually agreed by the Association and the Board. These monies shall be placed in the administrator’s 403b or 457 account as a Board paid annuity. An administrator may use sick days to a maximum of 10 vacation days per year. The maximum number of sick days that can be converted to vacation days during an administrator’s employment with Chippewa Valley is two hundred (200). Any exceptions to the above day limits may be mutually agreed to by the Association and the Board. Vacation days shall be scheduled by the administrator. Vacation days must be scheduled for a calendar day other than one of the minimum required work days (as defined in this agreement) of the school fiscal year. It is necessary to qualify once in regard to the 100 day accumulation of sick days.
Sick Day Conversion. As stated in Article 9.1, personal days are to be used for the care of an immediate family member; however, there may be times when the illness of an immediate family member is so grave that it requires more than the allotted personal leave time. In these cases, an employee may petition the superintendent who may grant the conversion of up to ten (10) sick days for the care of an ill family member. In order to convert the days, the employee must leave at least ten (10) sick days in his/her bank for future use.
Sick Day Conversion. The Board will provide one (1) day of additional pay, at the rate of the pay the clerical is presently earning, to any clerical employee who has used no personal or sick days during the employment year.
Sick Day Conversion. 4. Annual Leave 5. Departure Leave 6. Longevity

Related to Sick Day Conversion

  • Business Day Convention If the date on which any payment is due to be made under this Agreement shall occur on a day on which is not a Business Day, such payment shall be made in accordance with the Business Day Convention as specified in the Notes or the Indenture.

  • Sick Leave Conversion On January 1 of each year, an employee may convert up to a maximum of 30 hours accumulated sick leave at fifty percent (50%) cash value for the sole purpose of reimbursing the employee for medical costs. This conversion is subject to the following:

  • Day Conventions Unless otherwise specifically provided herein or in a Product Order, (i) “day” means a calendar day and includes Saturdays, Sundays and holidays, and (ii) if a payment falls due on a day that is not a Business Day, the payment will be due on the next Business Day thereafter.

  • Casual Conversion (a) A casual employee who has been rostered on a regular and systematic basis over a period of 26 weeks has the right to request conversion to permanent employment:

  • Conversion of Hours where an employee is granted vacation pursuant to this article, and where the regularly scheduled workday is greater than seven hours per day, the annual vacation entitlement shall be converted to hours on the basis of a seven-hour day and deducted accordingly.

  • Currency Conversion (a) For the purpose of, or pending the discharge of, any of the Secured Liabilities the Security Agent may convert any moneys received or recovered by the Security Agent from one currency to another, at a market rate of exchange.

  • Conversion Notwithstanding any other provisions of this Declaration or the By-Laws of the Trust, a favorable vote of a majority of the Trustees then in office followed by the favorable vote of the holders of not less than seventy-five percent (75%) of the Shares of each affected class or series outstanding, voting as separate classes or series, shall be required to approve, adopt or authorize an amendment to this Declaration that makes the Shares a "redeemable security" as that term is defined in the 1940 Act, unless such amendment has been approved by 80% of the Trustees, in which case approval by a Majority Shareholder Vote shall be required. Upon the adoption of a proposal to convert the Trust from a "closed-end company" to an "open-end company" as those terms are defined by the 1940 Act and the necessary amendments to this Declaration to permit such a conversion of the Trust's outstanding Shares entitled to vote, the Trust shall, upon complying with any requirements of the 1940 Act and state law, become an "open-end" investment company. Such affirmative vote or consent shall be in addition to the vote or consent of the holders of the Shares otherwise required by law, or any agreement between the Trust and any national securities exchange.

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