Common use of Sick Leave Benefit at Retirement Clause in Contracts

Sick Leave Benefit at Retirement. Upon retirement, each professional staff member will receive a payment for a por- tion of accumulated sick leave according to the following schedule: Years employed % of Sick Leave Maximum Payment 1-19 20% $15,000 20-24 25% 15,000 25+ 35% 15,000 These payments shall be calculated on a daily rate based on the unit member’s final base salary. In the event of the employee’s death before retirement his estate will receive the amount due.

Sick Leave Benefit at Retirement. Upon retirement, each professional staff Professional Staff member will receive a payment for a por- tion portion of accumulated sick leave according to the following schedule: Years employed % of Sick Leave Maximum Payment 1-19 2025% $15,000 20-24 2540% 15,000 25+ 3550% 15,000 These payments shall be calculated on a daily rate based on the unit member’s final base salary. In the event of the employee’s death before retirement his retirement, his/her estate will receive the amount due.

Sick Leave Benefit at Retirement. Upon retirement, each professional staff Professional Staff member will receive a payment for a por- tion portion of accumulated sick leave according to the following schedule: Years employed % of Sick Leave Maximum Payment 1-19 20% $15,000 20-24 25% 15,000 25+ 35% 15,000 These payments shall be calculated on a daily rate based on the unit member’s final base salary. In the event of the employee’s death before retirement his retirement, his/her estate will receive the amount due.

Sick Leave Benefit at Retirement. Upon retirement, each professional staff member will receive a payment for a por- tion portion of accumulated sick leave according to the following schedule: Years employed % of Sick Leave Maximum Payment 1-19 20% $15,000 20-24 25% 15,000 25+ 35% 15,000 These payments shall be calculated on a daily rate based on the unit member’s final base salary. In the event of the employee’s death before retirement his retirement, his/her estate will receive the amount due.