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% An employee not in good standing at the time of his/her retirement or resignation will receive no sick leave payoff. For purposes of this section, “not in good standing” means an employee who has retired or resigned to avoid dismissal where either dismissal procedures are pending or there is cause to initiate dismissal proceedings. Should an investigation result in a determination that dismissal is not warranted, the right to sick leave payoff shall be restored. The above payoff schedule applies to all retirements, including employer and/or employee initiated disability retirements. Employees may not use their sick leave balance to extend the effective date of disability retirement.

Sick Leave Bank Pay Off. Upon death, retirement in good standing 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% An employee not in good standing at the time of his/her retirement or resignation will receive no sick leave payoff. For purposes of this section, “not in good standing” means an employee who has retired or resigned to avoid dismissal where either dismissal procedures are pending or there is cause to initiate dismissal proceedings. Should an investigation result in a determination that dismissal is not warranted, the right to sick leave payoff shall be restored. The above payoff schedule applies to all retirements, including employer and/or employee initiated disability retirements. Employees may not use their sick leave balance to extend the effective date of disability retirement.