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: Years of Service Cash-Out Percentage 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 Conversionconversion of accumulated sick leave, EMPLOYEE, upon retirement, may elect a to cash out of this benefit accumulated unused sick leave at the applicable percentage as followsset forth below: Years of Service Cash-Out Percentage 10 50% 15 60% 20 75% 21 80% 22 85% 23 90% 24 95% 25 or more 100%