Common use of Sick Leave Cash Out Provision Clause in Contracts

Sick Leave Cash Out Provision. As an alternative to Sick Leave Conversion, EMPLOYEE, upon retirement, may elect a cash out of this benefit as follows: 10 50% 15 60% 20 75% 21 80% 22 85% 23 90% 24 95% 25 or more 100%

Sick Leave Cash Out Provision. As an alternative to Sick Leave Conversion, EMPLOYEE, upon retirement, may elect a cash out of this benefit as follows: 10 50% 15 60% 20 75% 21 80% 22 85% 23 90% 24 95% 25 or more 100%:

Sick Leave Cash Out Provision. As an alternative to Sick Leave Conversion, EMPLOYEEemployees, upon retirement, may elect a cash out of this benefit benefit, as follows: . 10 5010% 15 6015% 20 7565% 21 8075% 22 85% 23 90% 24 95% 25 or more 100%If the account is valued at less than $15,000, and cash out elected, full amount will be paid upon termination of employment, If the cash out option is selected, the employee opts out of the City Health Insurance plan for themselves and dependents. Employee may return per NRS, and pays full cost of health coverage and annual payments continue as employee elects above.