Common use of Sick Leave Cash Out Upon Retirement or Death Clause in Contracts

Sick Leave Cash Out Upon Retirement or Death. Upon retirement or death, an employee or the employee’s estate will receive cash at the employee’s straight-time hourly rate for all sick leave hours. Sick leave will be cashed out at a rate of one (1) hour’s pay for each four (4) hours of sick leave. If the bargaining unit elects to place in effect a VEBA plan as provided by this Agreement, employees cashing out sick leave upon retirement shall receive the proceeds in the form of a contribution to their VEBA account.

Sick Leave Cash Out Upon Retirement or Death. Upon retirement or death, an employee or the employee’s estate will receive cash at the employee’s straight-time hourly rate for all one-quarter (1/4) of their sick leave hours. Sick leave will be cashed out at a rate of one (1) hourthe employee’s pay for each four (4) hours of sick leavebase hourly rate. If the bargaining unit elects to place in effect a VEBA plan as provided by this Agreement, employees cashing out sick leave upon retirement shall receive the proceeds in the form of a contribution to their VEBA account.

Sick Leave Cash Out Upon Retirement or Death. Upon retirement or death, an employee or the employee’s estate will receive cash at the employee’s straight-time hourly rate for all one-quarter (1/4) of their sick leave hours. Sick Xxxx leave will be cashed out at a rate of one (1) hourthe employee’s pay for each four (4) hours of sick leavebase hourly rate. If the bargaining unit elects to place in effect a VEBA plan as provided by this Agreement, employees cashing out sick leave upon retirement shall receive the proceeds in the form of a contribution to their VEBA account.

Sick Leave Cash Out Upon Retirement or Death. Upon retirement or death, an employee or the employee’s estate will receive cash at the employee’s straight-straight- time hourly rate for all sick leave hours. Sick leave will be cashed out at a rate of one (1) hour’s pay for each four (4) hours of sick leave. If the bargaining unit elects to place in effect a VEBA plan as provided by this Agreement, employees cashing out sick leave upon retirement shall receive the proceeds in the form of a contribution to their VEBA account.

Sick Leave Cash Out Upon Retirement or Death. Upon retirement or death, an employee or the employee’s estate will receive cash at the employee’s straight-straight- time hourly rate for all sick leave hours. Sick leave will be cashed out at a rate of one (1) hour’s pay for each four (4) hours of sick leave. If the bargaining unit elects to place in effect a VEBA plan as provided by this AgreementArticle 45, employees cashing out sick leave upon retirement shall receive the proceeds in the form of a contribution to their VEBA account.