Sick Leave Buy-Back Benefit Sample Clauses

Sick Leave Buy-Back Benefit. The following provisions shall apply to bargaining unit members relative to the sick leave buy back benefit:
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Sick Leave Buy-Back Benefit. Upon notification by October 1st of the preceding school year, employees with at least ten (10) years’ service, whose employment ends because of retirement from County Retirement, or voluntary resignation and who are in good standing with the Wayland Public Schools will receive an amount of pay equal to the employee’s daily straight time multiplied by 60% of his/her unused, accumulated sick leave days as of the date of voluntary resignation, death, or retirement. The only exception for the October 1st notification deadline shall be in an extreme medical situation; in that case, the employee shall give the required notice as soon as possible. Such benefit shall not exceed $7,500 during the life of this Agreement.
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Sick Leave Buy-Back Benefit. Employees with at least ten (10) years service, whose employment ends because of death, retirement from County Retirement, or voluntary resignation and who are in good standing with the Wayland Public Schools, will receive an amount of pay equal to the employee’s daily straight time multiplied by 60% of his/her unused, accumulated sick leave days, as of the date of voluntary resignation, death, or retirement. Such benefit shall not exceed $7,500.00 during the life of this Agreement.
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Related to Sick Leave Buy-Back Benefit

  • Sick Leave Buy Back To encourage and reward employees who maintain good job attendance, the parties agree to the following incentive award: Employees who utilize two (2) sick leave days or less each assigned school calendar year and year-round employees who utilize three (3) sick leave days or less during each assigned school calendar year - upon request – shall receive payment for up to eight (8) days of sick leave, provided the employee worked the full assigned calendar year.* The following procedures apply to the payment of sick leave under this section.

  • Sick Leave Payment (a) The District shall for all Regular Full-time and Regular Part-time employees who have completed three (3) months continuous employment, subject to the conditions as set forth herein:

  • Sick Leave Benefits Sick leave is an indemnity benefit and not an acquired right. A Nurse who is absent from a scheduled shift on approved sick leave shall only be entitled to sick leave pay if the Nurse is not otherwise receiving pay for that day, and providing the Nurse has sufficient sick leave credits.

  • Sick Leave Pay A Nurse granted sick leave shall be paid for the period of such leave at her or his regular hourly rate of pay and the number of hours thus paid shall be deducted from the accumulated sick leave credits of the Nurse.

  • Sick Leave Buyback The Board agrees to buy sick leave days back from those teachers who have more than one hundred (100) accumulated sick leave days at the end of a school year. The value of each unused day will be determined based on the formula in Section A above. The total amount calculated will be deposited into the teacher’s Section 401(a) account. If a teacher has in excess of 6 personal days, the days will be transferred to the total sick day accumulation for this calculation. The number of days will be figured using the above chart in this section.

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