Common use of Sick Leave Buyout Clause in Contracts

Sick Leave Buyout. At the discretion of the EMPLOYEE and the annual approval of the SUPERINTENDENT, accumulated personal sick leave may be purchased by the BOARD under the following conditions: (a) A minimum balance of twenty (20) days must be maintained at all times. (b) The maximum number of days eligible for purchase by the BOARD shall be in accordance with Section 1012.61(2) (a) 3, Florida Statutes. (c) The purchase price of the sick leave days purchased shall be set at the EMPLOYEE's cur- rent daily rate of pay multiplied by: (i) 50% for an EMPLOYEE with zero (0) to twelve (12) years of experience in Collier County; (ii) 80% for EMPLOYEES with thirteen (13) or more years of experience in Collier County schools. (d) A year of experience is defined as (i) A complete contract year of service. (ii) In the initial year of employment, a year of experience shall be credited when the beginning date of employment is prior to January 1. (e) Days for which an EMPLOYEE receives payment will be deducted from accumulated leave balance at 100% value even if restricted by Section 12.11(c) above. (f) All payments made under this section will be considered as salary and, therefore, be subject to federal income tax and social security tax. (g) The application form must be submitted to the Human Resources/Compensation Office prior to June 30th of each year to be paid in the following school year and must include the total number of days requested. In calculating buyout pay, the collective bargaining Agreement in effect at the time the EMPLOYEE elects the buyout provision will be used to determine the appropriate pay. The EMPLOYEE may choose between payment either in the first contractual pay period in the fall or the first pay period in January in the following school year.

Sick Leave Buyout. At the discretion of the EMPLOYEE and the annual approval of the SUPERINTENDENT, accumulated personal sick leave may be purchased by the BOARD under the following conditions: (a) A minimum balance of twenty (20) days must be maintained at all times. (b) The maximum number of days eligible for purchase by the BOARD shall be in accordance with Section 1012.61(2) (a) 3, Florida Statutes. (c) The purchase price of the sick leave days purchased shall be set at the EMPLOYEE's cur- rent daily rate of pay multiplied by: (i) 50% for an EMPLOYEE with zero (0) to twelve (12) years of experience in Collier Xxxxxxx County; (ii) 80% for EMPLOYEES with thirteen (13) or more years of experience in Collier Xxxxxxx County schools. (d) A year of experience is defined as (i) A complete contract year of service. (ii) In the initial year of employment, a year of experience shall be credited when the beginning date of employment is prior to January 1. (e) Days for which an EMPLOYEE receives payment will be deducted from accumulated leave balance at 100% value even if restricted by Section 12.11(c) above. (f) All payments made under this section will be considered as salary and, therefore, be subject to federal income tax and social security tax. (g) The application form must be submitted to the Human Resources/Compensation Office prior to June 30th of each year to be paid in the following school year and must include the total number of days requested. In calculating buyout pay, the collective bargaining Agreement in effect at the time the EMPLOYEE elects the buyout provision will be used to determine the appropriate pay. The EMPLOYEE may choose between payment either in the first contractual pay period in the fall or the first pay period in January in the following school year.

Sick Leave Buyout. At the discretion of the EMPLOYEE and the annual approval of the SUPERINTENDENT, accumulated personal sick leave may be purchased by the BOARD under the following conditions: (a) A minimum balance of twenty (20) days must be maintained at all times. (b) The maximum number of days eligible for purchase by the BOARD shall be in accordance with Section 1012.61(2) (a) 3, Florida Statutes. (c) The purchase price of the sick leave days purchased shall be set at the EMPLOYEE's cur- rent daily rate of pay multiplied bymultipliedby: (i) 50% for an EMPLOYEE with zero (0) to twelve (12) years of experience in Collier Xxxxxxx County; (ii) 80% for EMPLOYEES with thirteen (13) or more years of experience in Collier Xxxxxxx County schools. (d) A year of experience is defined as (i) A complete contract year of serviceofservice. (ii) In the initial year of employment, a year of experience shall be credited when the beginning date of employment is prior to January 1. (e) Days for which an EMPLOYEE receives payment will be deducted from accumulated leave balance at 100% value even if restricted by Section 12.11(c) above. (f) All payments made under this section will be considered as salary and, therefore, be subject to federal income tax and social security tax. (g) The application form must be submitted to the Human Resources/Compensation Office prior to June 30th of each year to be paid in the following school year and must include the total number of days requested. In calculating buyout pay, the collective bargaining Agreement in effect at the time the EMPLOYEE elects the buyout provision will be used to determine the appropriate pay. The EMPLOYEE may choose between payment either in the first contractual pay period in the fall or the first pay period in January in the following school year.