Common use of Sick Leave Cash Conversion Clause in Contracts

Sick Leave Cash Conversion. A. An employee shall have, pursuant to the following provisions, the options to convert to cash benefit payable on the last payday in December and the last payday of the school year, or carry forward the balance of any unused sick leave credit at year’s end. An employee who accrues sick leave pursuant to this agreement shall have the following options with regard to the portion of sick leave credit: 1. Carry forward the balance of sick leave credit. 2. Receive a cash benefit conversion for the unused balance of sick leave credit. Unused sick leave shall be converted as described below: An employee who did not use sick leave during the previous work period may convert up to three weeks of unused sick leave at a rate equal to fifty percent of the employee’s base rate of pay. The first work period shall be defined as the first work date of the school year through the last work date of November; the second work period shall be defined as the first work day in December through the last work day of the school year. An employee who used no more than one day of sick leave may convert five (5) days, at a rate equal to fifty percent of the employee’s base rate of pay. An employee who used no more than two days of sick leave may convert four (4) days, at a rate equal to fifty percent of the employee’s base rate of pay. B. The failure of an employee to utilize one of the sick leave conversion options listed above shall result in the automatic carry-forward of any balance of sick leave credit. C. Any cash benefit conversions of sick leave made at year end under the provisions of this rule shall not be subject to contributions to any of the retirement systems either by the employee or the employer. D. An employee eligible to receive a cash benefit conversion of sick leave credit must indicate his/her desire to convert any sick leave no later than the end of the pay period that includes the first day of November and the end of the pay period that includes the first day of June. E. Except in extraordinary circumstances, and with the agreement of the union and the administration, employees who participate in the sick leave cash conversion are ineligible to apply for sick leave donation for one full school year after the cash conversion payment.

Sick Leave Cash Conversion. A. An employee shall have, pursuant to the following provisions, the options to convert to cash benefit payable on the last payday in December and the last payday of the school year, or carry forward the balance of any unused sick leave credit at year’s end. An employee who accrues sick leave pursuant to this agreement shall have the following options with regard to the portion of sick leave credit: 1. Carry forward the balance of sick leave credit. 2. Receive a cash benefit conversion for the unused balance of sick leave credit. Unused sick leave shall be converted as described below: An employee who did not use sick leave during the previous work period may convert up to three two weeks of unused sick leave at a rate equal to fifty percent per cent of the employee’s base rate of pay. The first work period shall be defined as the first work date of the school year through the last work date of November; the second work period shall be defined as the first work day in December through the last work day of the school year. An employee who used no more than one day of sick leave may convert five (5) days, at a rate equal to fifty percent per cent of the employee’s base rate of pay. An employee who used no more than two days of sick leave may convert four (4) days, at a rate equal to fifty percent per cent of the employee’s base rate of pay. B. The failure of an employee to utilize one of the sick leave conversion options listed above shall result in the automatic carry-forward of any balance of sick leave credit. C. Any cash benefit conversions of sick leave made at year end under the provisions of this rule shall not be subject to contributions to any of the retirement systems either by the employee or the employer. D. An employee eligible to receive a cash benefit conversion of sick leave credit must indicate his/her desire to convert any sick leave no later than the end of the pay period that includes the first day of November and the end of the pay period that includes the first day of June. E. Except in extraordinary circumstances, and with the agreement of the union and the administration, employees who participate in the sick leave cash conversion are ineligible to apply for sick leave donation for one full school year after the cash conversion payment.

Sick Leave Cash Conversion. A. An employee shall have, pursuant to the following provisions, the options to convert to cash benefit payable on the last payday in December and the last payday of the school year, or carry forward the balance of any unused sick leave credit at year’s end. . B. An employee who accrues sick leave pursuant to this agreement shall have the following options with regard to the portion of sick leave credit: 1. Carry forward the balance of sick leave credit. 2. Donate any portion of the credit to a catastrophic sick leave bank. 3. Receive a cash benefit conversion for the unused balance of sick leave credit. . C. Unused sick leave shall be converted as described below: : 1. An employee who did not use sick leave during the previous work period may convert up to three weeks of unused sick leave at a rate equal to fifty percent of the employee’s 's base rate of pay. The first work period shall be defined as the first work date of the school year through the last work date day of November; the second work period shall be defined as the first work day in December through the last work day of the school year. 2. An employee who used no more than one day of sick leave may convert five (5) days, at a rate equal to fifty percent of the employee’s base rate of pay. An employee who used no more than two days of sick leave may convert four (4) days, at a rate equal to fifty percent of the employee’s base rate of pay. B. 3. An employee who used no more than two days of sick leave may convert four days, at a rate equal to fifty percent of the employee’s base rate of pay. D. The failure of an employee to utilize one of the sick leave conversion options listed above shall result in the automatic carry-forward of any balance of sick leave credit. C. E. Any cash benefit conversions of sick leave made at year end under the provisions of this rule shall not be subject to contributions to any of the retirement systems either whether by the employee or the employer. D. F. An employee eligible to receive a cash benefit conversion of sick leave credit must indicate his/her desire to convert any sick leave no later than the end of the pay period that includes the first day of November and the end of the pay period that includes the first day of June. E. Except in extraordinary circumstances, and with the agreement of the union and the administration, employees who participate in the sick leave cash conversion are ineligible to apply for sick leave donation for one full school year after the cash conversion payment.

Sick Leave Cash Conversion. A. An employee shall have, pursuant to the following provisions, the options to convert to cash benefit payable on the last payday in December and the last payday of the school year, or carry forward the balance of any unused sick leave credit at year’s end. An employee who accrues sick leave pursuant to this agreement shall have the following options with regard to the portion of sick leave credit: 11 . Carry forward the balance of sick leave credit. 22 . Receive a cash benefit conversion for the unused balance of sick leave credit. Unused sick leave shall be converted as described below: An employee who did not use sick leave during the previous work period may convert up to three two weeks of unused sick leave at a rate equal to fifty percent per cent of the employee’s base rate of pay. The first work period shall be defined as the first work date of the school year through the last work date of November; the second work period shall be defined as the first work day in December through the last work day of the school year. An employee who used no more than one day of sick leave may convert five (5) days, at a rate equal to fifty percent per cent of the employee’s base rate of pay. An employee who used no more than two days of sick leave may convert four (4) days, at a rate equal to fifty percent per cent of the employee’s base rate of pay. B. The failure of an employee to utilize one of the sick leave conversion options listed above shall result in the automatic carry-forward of any balance of sick leave credit. C. Any cash benefit conversions of sick leave made at year end under the provisions of this rule shall not be subject to contributions to any of the retirement systems either by the employee or the employer. D. An employee eligible to receive a cash benefit conversion of sick leave credit must indicate his/her desire to convert any sick leave no later than the end of the pay period that includes the first day of November and the end of the pay period that includes the first day of June. E. Except in extraordinary circumstances, and with the agreement of the union and the administration, employees who participate in the sick leave cash conversion are ineligible to apply for sick leave donation for one full school year after the cash conversion payment.