Common use of Sick Leave Bank Pay Off Clause in Contracts

Sick Leave Bank Pay Off. Upon death, retirement or resignation in good standing, an employee shall be paid for any balance in the sick leave bank at the following rate. Days of Service % Paid at 0 through 2610 0% 2611 " 2871 20% 2872 " 3132 22% 3133 " 3393 24% 3394 " 3654 26% 3655 " 3915 28% 3916 " 4176 30% 4177 " 4437 32% 4438 " 4698 34% 4699 " 4959 36% 4960 " 5220 38% 5221 " 5481 40% 5482 " 5742 42% 5743 " 6003 44% 6004 " 6264 46% 6265 " 6525 48% 6526 " accumulation 50%

Sick Leave Bank Pay Off. Upon death, retirement or resignation in good standing, an employee shall be paid for any balance in the sick leave bank at the following rate. Days of Service % Paid at 0 through 2610 0% 2611 " “ 2871 20% 2872 " “ 3132 22% 3133 " “ 3393 24% 3394 " “ 3654 26% 3655 " “ 3915 28% 3916 " “ 4176 30% 4177 " “ 4437 32% 4438 " “ 4698 34% 4699 " “ 4959 36% 4960 " “ 5220 38% 5221 " “ 5481 40% 5482 " “ 5742 42% 5743 " “ 6003 44% 6004 " “ 6264 46% 6265 " “ 6525 48% 6526 " “ accumulation 50%

Sick Leave Bank Pay Off. Upon death, retirement or resignation in good standing, an employee shall be paid for any balance in the sick leave bank at the following rate. : Days of Service % Paid at 0 through 2610 0% 2611 " 2871 20% 2872 " 3132 22% 3133 " 3393 24% 3394 " 3654 26% 3655 " 3915 28% 3916 " 4176 30% 4177 " 4437 32% 4438 " 4698 34% 4699 " 4959 36% 4960 " 5220 38% 5221 " 5481 40% 5482 " 5742 42% 5743 " 6003 44% 6004 " 6264 46% 6265 " 6525 48% 6526 " accumulation 50%

Sick Leave Bank Pay Off. Upon death, retirement or resignation in good standing, an employee shall be paid for any balance in the sick leave bank at the following rate. Days of Service % Paid at 0 through 2610 0% 2611 " 2871 20% 2872 " 3132 22% 3133 " 3393 24% 3394 " 3654 26% 3655 " 3915 28% 3916 " 4176 30% 4177 " 4437 32% 4438 " 4698 34% 4699 " 4959 36% 4960 " 5220 38% 5221 " 5481 40% 5482 " 5742 42% 5743 " 6003 44% 6004 " 6264 46% 6265 " 6525 48% 0 through 2610 0% 6526 " accumulation 50%% Section 6.7 - Reinstatement Pay Back Employees receiving a sick leave bank payoff in accordance with Section 6.6 may, if reinstated within one

Sick Leave Bank Pay Off. Upon death, retirement or resignation in good standing, an employee shall be paid for any balance in the sick leave bank at the following rate. : Days of Service % Paid at 0 through 2610 0% 2611 " * 2871 20% 2872 " * 3132 22% 3133 " * 3393 24% 3394 " * 3654 26% 3655 " * 3915 28% 3916 " * 4176 30% 4177 " * 4437 32% 4438 " * 4698 34% 4699 " * 4959 36% 4960 " * 5220 38% 5221 " * 5481 40% 5482 " * 5742 42% 5743 " * 6003 44% 6004 " * 6264 46% 6265 " * 6525 48% 6526 " * accumulation 50%

Sick Leave Bank Pay Off. Upon death, retirement or resignation in good standing, an employee shall be paid for any balance in the sick leave bank at the following rate. Effective December 15, 1997 Days of Service % Paid at 0 through 2610 0% 2611 " to 2871 20% 2872 " to 3132 22% 3133 " to 3393 24% 3394 " to 3654 26% 3655 " to 3915 28% 3916 " to 4176 30% 4177 " to 4437 32% 4438 " to 4698 34% 4699 " to 4959 36% 4960 " to 5220 38% 5221 " to 5481 40% 5482 " to 5742 42% 5743 " to 6003 44% 6004 " to 6264 46% 6265 " to 6525 48% 6526 " to accumulation 50%