Sick Leave Buyback Program Sample Clauses

Sick Leave Buyback Program. Secretaries who have served in the Framingham School System for fifteen (15) years or more will be entitled to a buyback of unused sick leave time upon retirement according to the following stipulations:
Sample 1
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Sick Leave Buyback Program. The Village shall not be required to offer any type of sick leave buyback program or compensate member of the bargaining unit for any accrued and unused sick leave hours, outside of the provisions specified in Section 11.3, Sick Leave Pay at Retirement, of this Agreement. The Village agrees, however, that if it elects to provide other employees of the Village with a sick leave incentive and buyback program, it will also offer the same incentive program to the Union during the term of this Agreement.
Sample 1
Sick Leave Buyback Program. Employees shall be eligible to cash out up to one hundred eighty (180) hours of vacation and/or sick leave time, combined, per year. The cash-out may be taken in any increment amount up to 180 hours and at any time during the fiscal year, as long as such cash out shall not deplete the employee’s accrued sick leave below one hundred eighty (180) hours. The cash out of sick leave time will be at the employee’s current salary rate. The cash out of sick leave time will be at the employee’s current base hourly (base salary) rate, not the FLSA regular rate of pay. The payment shall include salary and special compensation but exclude overtime and cafeteria payments. The cash out rate of 180 hours is limited only to the July 1, 2019 – June 30, 2021 MOU and shall automatically end on June 30, 2021. Thereafter, the prior cash out rate of 200 hours shall be reinstated, unless otherwise negotiated as part of a successor MOU. Sick Leave Balance Pay Off Benefit Y ears of City Service Percentage to be Paid 5 years 35% 10 years 55% 15 years 65% 20 years 100%
Sample 1
Sick Leave Buyback Program. Employees who have sick leave days, including personal business leave and funeral leave days accumulated as sick leave days, in excess of one hundred twenty (120) days at the end of the year will have those additional days that accumulated during the year bought back at the employee’s current per diem rate in effect at the end of such year. This contribution will be contributed by the School Corporation to the employee’s 401(a) plan account before the July 31st following the respective year of any annual buyback. Notwithstanding the foregoing, the number of sick leave days bought back shall be limited in order that the accumulated sick leave days at the end of a year are not reduced below one hundred twenty (120) sick leave days. Furthermore, the annual buyback shall be limited in such manner as is necessary as not to exceed the annual limitations on contributions to an employee's 401(a) plan account as established in the Internal Revenue Code.
Sample 1
Sick Leave Buyback Program. Employees who have sick leave days, including personal business leave and funeral leave days accumulated as sick leave days, in excess of one hundred twenty (120) days at the end of the year will have those additional days that accumulated during the year bought back at the employee’s current per diem rate in effect at the end of such year. This contribution will be contributed by the School Corporation to the employee’s 401(a) plan account before the July 31st following the respective year of any annual buyback. This annual buyback will be in addition to any benefits that an employee may qualify for pursuant to the Transition Buyback Program. Notwithstanding the foregoing, the number of sick leave days bought back shall be limited in order that the accumulated sick leave days at the end of a year are not reduced below one hundred twenty (120) sick leave days. Furthermore, the annual buyback shall be limited in such manner as is necessary as not to exceed the annual limitations on contributions to an employee's 401(a) plan account as established in the Internal Revenue Code.
Sample 1
Sick Leave Buyback Program. The Employer agrees to establish a Sick Leave Buyback Program for custodial employees hired before July 1, 2015. Upon official retirement with the Norfolk County Retirement System, employees covered by this Agreement shall be entitled to compensation for any unused sick leave at a rate of forty dollars ($40) per day up to a maximum of five thousand two hundred dollars ($5,200). An employee who dies while employed by the Town of Xxxxxxxx shall be entitled to compensation for any unused accumulated sick leave at the aforementioned rate of forty dollars ($40) per day up to a maximum of five thousand two hundred dollars ($5,200) regardless of length of service. Such payment shall be made to the person or persons (i.e. next-of-kin, estate) that is payable. An employee who intends to retire and take advantage of the Sick Leave Buyback shall submit, to the Employer, a letter indicating the date they intend to retire. This letter shall be submitted no later than sixty (60) days prior to the date which they intend to retire. The notice requirement shall not apply in cases of death or emergencies due to serious illness. Employees who fail or who are unable to provide the sixty (60) days’ notice due to extenuating circumstances may petition the TA for payout consideration. Employees hired after July 1, 2015 shall not be eligible for the Sick Leave Buy Back at retirement.
Sample 1
Sick Leave Buyback Program. Secretaries who have served in the Framingham School System for fifteen (15) years or more will be entitled to a buyback of unused sick leave time upon retirement according to the following stipulations: ● The Unit S employee must have a minimum of fifty (50) sick days accumulated at the point of retirement. ● For every sick day beyond fifty (50), the Unit S employee will be paid the amount of one hundred and fifty dollars ($150.00) for each unused sick day. For Unit S employees working less than full time at the time of retirement, the daily rate will be prorated. ● The maximum amount payable under this buyback plan is five thousand dollars ($5,000.00) for each secretary who retires. Effective July 1, 2008, increase cap from five thousand dollars ($5,000.00) to five thousand five hundred dollars ($5,500.00). Effective July 1, 2009, increase cap from five thousand five hundred dollars ($5,500.00) to six thousand dollars ($6,000.00). Effective July 1, 2010, increase cap from six thousand dollars ($6,000.00) to six thousand five hundred dollars ($6,500.00). Effective July 1, 2013, increase cap from six thousand five hundred dollars ($6,500) to eight thousand five hundred dollars ($8,500). Effective July 1, 2008, any payment under this Article will be made in two (2) equal annual installments with the first payment on the date of retirement and the second payment on the first anniversary of the date of retirement. However, if the benefit to which the employee is entitled is not more than fifty percent (50%) of the then applicable cap, the total benefit shall be paid on the date of retirement; e.g. if the benefit is three thousand dollars ($3,000.00) and the cap is six thousand dollars ($6,000.00), the entire three thousand dollars ($3,000.00) shall be paid on the date of retirement. If the benefit is four thousand dollars ($4,000.00) and the cap is six thousand dollars ($6,000.00), the employee shall receive two thousand dollars ($2,000.00) on the date of retirement and two thousand dollars ($2,000.00) on the first anniversary of the date of retirement. ● Notification of intent to retire must be received by the Superintendent or his designee, at least ninety (90) days in advance of the effective retirement date.
Sample 1
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Related to Sick Leave Buyback Program

  • 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.

  • 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 PROGRAM An employee may be eligible to receive donations of paid leave to be included in the employee's sick leave balance if s/he has suffered a catastrophic illness or injury which prevents the employee from being able to work or from being able to work his/her regularly scheduled number of hours. Catastrophic illness or injury is defined as a critical medical condition considered to be terminal, or a long-term major physical impairment or disability.

  • Sick Leave Donation Program A Labor Management Committee will be established for the purpose of proposing rules and procedures for a new, program. The LMC will be to develop consistent, transparent and equitable proposals for processes across all departments within the City. The LMC shall also explore proposals to lower the minimum leave bank required to donate sick leave and permit donation of sick leave upon separation from the City. The LMC must consult with the Office of Civil Rights to ensure compliance with the City’s Race and Social Justice Initiative. Once the LMC has developed its list of proposals, the City and Coalition of City Unions agrees to reopen each contract on this subject.

  • Sick Leave Incentive Program MSUAASF and Minnesota State may develop a sick leave incentive program through the establishment of a joint committee.

  • Sick Leave Incentive Effective September 1, 1986, employees covered by this Agreement, hired on or after October 1, 1977, who are not entitled to disability leave under State Statute R.C.W. 41.26, shall be eligible for the following sick leave incentive program:

  • Sick Leave Plan The benefits of the Company’s Sick Leave Plan shall be considered as part of this Agreement. However, it is recognized that its provisions are not an automatic right of an employee and the administration of this plan and all decisions regarding the appropriateness or degree of its application shall be vested solely in the Company. The Company’s Sick Leave Plan will provide that probationary and regular employees will commence with a credit of eight days at 100 percent (100%) and 15 days at 75 percent (75%) pay, payable from the first day of sickness. This credit will continue to be available until the employee attains his/her first annual accumulation date as a regular employee. At the time of this accumulation date and each subsequent accumulation date he/she will acquire additional credits of eight days at 100 percent (100%) pay and 15 days at 75 percent (75%) pay. The accumulation of credits will be subject to the provisions of the Company’s Sick Leave Plan. Regular part-time employees shall receive a pro-rated number of sick days. When a regular part-time employee is absent due to illness on a scheduled day of work, they shall be paid for the hours of work scheduled for that day provided sick leave credits are available. Normally employees will be expected to arrange routine medical or dental appointments during non-working hours. Where such appointments cannot be arranged during non-working hours and the employee can be released from his/her duties, then the time shall be charged against an employee's sick leave time except in the case of medical appointments of less than half a day where normal earnings will be maintained. Employees who are on sick leave for 30 days or more may be eligible to participate in a vocational rehabilitation program in accordance with the Company’s policy. All major medical absence forms will be completed for any absence of four (4) continuous days/shifts or more or when requested by management. The Company will compensate the employee for the cost associated with completing these forms up to a maximum of $30.00. Additionally, the company will compensate the employee for the full cost of all medical notes, medical forms or medical information required to support LTD or other Wellness programs. This provision applies to Doctor’s notes requested by Line Management as part of the administration of the sick leave plan. Employees will be required to submit all forms required by management through their personal physician. Sick Leave benefits are conditional upon receipt of these forms and it is the responsibility of the employee to ensure that the employer receives these forms within a reasonable period of time. Any discipline related to sick leave that is imposed and grieved by the union will be referred directly to Xxxxxx Xxxxxxxxx for resolution.

  • Sick Leave Pool a. The Sick Leave Pool is intended to provide security to supplement other insurance benefits by allowing employees to "buy" insurance for extended illness, or other disability. Pool Days may be used to "make an employee whole" if disability or Workers' Compensation benefits are less than normal base pay. When "buying" Pool Days, employees convert Earned Time days on a 1:3 basis. Similar to purchasing insurance, the employee may pick a given number of days to exchange for coverage in case of extended disability.

  • Sick Leave Benefit Plan The Sick Leave Benefit Plan will provide sick leave days and short term disability days for reasons of personal illness, personal injury, including personal medical appointments and personal dental appointments.

  • Sick Leave Cash Out Eligible employees may elect to receive monetary compensation for accrued sick leave as follows: In January of each year an employee whose sick leave balance at the end of the previous year exceeds four hundred eighty (480) hours may elect to convert the sick leave hours earned in the previous calendar year, minus those hours used during the year, to monetary compensation. No sick leave hours may be converted which would reduce the calendar year end balance below four hundred eighty (480) hours. Monetary compensation shall be paid at the rate of twenty-five percent and shall be based on the employee’s current salary. All converted hours will be deducted from the sick leave balance. Employees who separate from University service due to retirement or death shall be compensated for the unused sick leave accumulation from the date of most recent hire in a leave eligible position with the State of Washington at the rate of 25%. Compensation shall be based upon the employee’s wage at the time of separation. For the purpose of this section, retirement shall not include vested out of service employees who leave funds on deposit with the retirement system. Former eligible employees who are re-employed within three (3) years of their separation from service shall be granted all unused sick leave credits, if any, to which they are entitled at time of separation.

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