Common use of Sick Day Payout Clause in Contracts

Sick Day Payout. 39.1 To qualify, an individual must have ten (10) years seniority in the bargaining unit. Payout will be calculated using the employee's base wage inserted in the following formulas: Accumulated Sick Days ◊ 0 – 48 Payout at 15% of base daily wage x number of days ◊ 49 – 60 30% of base daily wage x number of days ◊ 61 – 72 35% of base daily wage x number of days ◊ 73 – 84 40% of base daily wage x number of days ◊ 85 – 200 45% of base daily wage x number of days ◊ 201 or above 55% of base daily wage x number of days 39.2 Severance pay equal to or greater than $4,000.00 shall be deposited into a non-elective employer contribution to a 403b plan designated by the Board.

Sick Day Payout. 39.1 To qualify, an individual must have ten (10) years seniority in the bargaining unit. Payout will be calculated using the employee's base wage inserted in the following formulas: Accumulated Sick Days ◊ 0 – 48 Payout at 1549 - 60 25% of base daily wage x number of days ◊ 49 – 60 61 - 72 30% of base daily wage x number of days ◊ 61 – 72 73 - 84 35% of base daily wage x number of days ◊ 73 – 84 85 - 200 40% of base daily wage x number of days ◊ 85 – 200 45days 39.2 201or above 50% of base daily wage x number of days ◊ 201 or above 55% of base daily wage x number of days 39.2 Severance pay equal to or greater than $4,000.00 2,000.00 shall be deposited into a non-non- elective employer contribution to a 403b plan designated by the Board.

Sick Day Payout. 39.1 To qualify, an individual must have ten (10) years seniority in the bargaining unit. Payout will be calculated using the employee's base wage inserted in the following formulas: Accumulated Sick Days ◊ 0 – - 48 Payout at 1510% of base daily wage x number of days ◊ 49 – - 60 25% of base daily wage x number of days ◊ 61 - 72 30% of base daily wage x number of days ◊ 61 – 72 73 - 84 35% of base daily wage x number of days ◊ 73 – 84 85 - 200 40% of base daily wage x number of days Accumulated Sick Days ◊ 85 – 200 45% of base daily wage x number of days ◊ 201 or 201or above 5550% of base daily wage x number of days 39.2 Severance pay equal to or greater than $4,000.00 2,000.00 shall be deposited into a non-non- elective employer contribution to a 403b plan designated by the Board.

Sick Day Payout. 39.1 To qualify, an individual must have ten (10) years seniority in the bargaining unit. Payout will be calculated using the employee's base wage inserted in the following formulas: Accumulated Sick Days ◊ 0 – - 48 Payout at 15% of base daily wage x number of days ◊ 49 – - 60 30% of base daily wage x number of days ◊ 61 – - 72 35% of base daily wage x number of days ◊ 73 – - 84 40% of base daily wage x number of days ◊ 85 – - 200 45% of base daily wage x number of days ◊ 201 or above 55% of base daily wage x number of days 39.2 Severance pay equal to or greater than $4,000.00 shall be deposited into an employee's 403 b plan. If the employee does not have an individual 403 b plan at the time of severance, then the pay shall be deposited into a non-elective employer contribution to a 403b 403 b plan designated by the Board.