Common use of Sick Leave Cash Out Clause in Contracts

Sick Leave Cash Out. (A) Employees may cash in unused sick leave days above an accumulation of sixty (60) days at a ratio of one full day's monetary compensation for four (4) accumulated sick leave days. At the employee's option, he/she may cash-out unused sick leave days in January of the school year following any year in which more than sixty (60) days of sick leave is accrued and each January thereafter, at a rate equal to one day's monetary compensation of the employee for each four

Appears in 4 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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Sick Leave Cash Out. (A) Employees may cash 28.1 In January any employee who at the end of the immediate previous calendar year shall have accumulated in unused sick leave days above an accumulation excess of sixty (60) days at a ratio of one full day's monetary compensation for four (4) accumulated sick leave days. At the employee's option, he/she may cash-out unused sick leave days in January of may elect to convert unused sick leave earned, but unused the school year following any previous year in which more than excess of sixty (60) days of sick leave is accrued and each January thereafter, at a rate equal to one day's monetary compensation at the rate of twenty-five percent (25%) of the employee employee’s current, full-time daily per diem rate of compensation pay for each fourfull day of eligible sick leave.

Appears in 4 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

Sick Leave Cash Out. (A) Employees may cash in unused sick leave days above an accumulation of sixty (60) days at a ratio of one full day's monetary compensation for four (4) accumulated sick leave days. At the employee's option, he/she may cash-out their unused sick leave days in January of the school year following any year in which more than a minimum of sixty (60) days of sick leave is accrued and each January thereafter, at a rate equal to one day's monetary compensation of the employee for each four

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

Sick Leave Cash Out. (A) A. Employees may cash in unused sick leave days above an accumulation of sixty (60) days at a ratio of one full day's monetary compensation for four (4) accumulated sick leave days. At the employee's option, he/she may cash-out unused sick leave days in January of the school year following any year in which more than sixty (60) days of sick leave is accrued and each January thereafter, at a rate equal to one day's monetary compensation of the employee for each fourone

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

Sick Leave Cash Out. (A) 48 Employees may cash in unused sick leave days above an accumulation of sixty (60) days at a ratio 49 of one (1) full day's monetary compensation for four (4) accumulated sick leave days. At the 50 employee's option, he/she may they can cash-out their unused sick leave days in January of the school year 1 following any year in which more than sixty (60) days of sick leave is accrued and each January 2 thereafter, at a rate equal to one day's monetary compensation of the employee for each fourfour (4) full 3 days of accrued sick leave.

Appears in 1 contract

Samples: Contractual Agreement

Sick Leave Cash Out. (A) Employees An employee, at their option, may cash in a maximum of twelve 2 (12) of the eligible unused sick leave days above an accumulation of sixty (60) days at a ratio of one full day's monetary compensation for four (4) accumulated sick leave days. At the employee's option, he/she may cash-out unused sick leave days in January 3 of the school year following any year in which more than the employee has a minimum of sixty (60) 4 days of accumulated sick leave is accrued and each January thereafterleave, at a rate equal to one (1) day's ’s current monetary 5 compensation of the employee for each fourfour (4) full days of accumulated sick leave. The 6 employee’s sick leave accumulation shall be reduced four (4) days for each day 7 compensated.

Appears in 1 contract

Samples: Agreement

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Sick Leave Cash Out. (A) Employees An employee may opt to cash in a maximum of twelve (12) of the 17 eligible unused sick leave days above an accumulation of sixty (60) days at a ratio of one full day's monetary compensation for four (4) accumulated sick leave days. At the employee's option, he/she may cash-out unused sick leave days in January of the 18 school year following any year in which more than the employee has a minimum of sixty (60) days 19 of accumulated sick leave is accrued and each January thereafterleave, at a rate equal to one (1) day's ’s current monetary compensation 20 of the employee for each fourfour (4) full days of accumulated sick leave. The employee’s 21 sick leave accumulation shall be reduced four (4) days for each day compensated.

Appears in 1 contract

Samples: Agreement

Sick Leave Cash Out. (A) Employees may cash in out unused sick leave days above an accumulation of sixty (60) days at a ratio of one (1) full day's monetary compensation salary per diem for four (4) accumulated sick leave days. At the employee's option, he/she may cash-out unused sick leave days in January of the school year following any year in which more than sixty (60) days of sick leave is accrued and each January thereafter, at a rate equal to one day's monetary compensation of the employee for each four.

Appears in 1 contract

Samples: Collective Bargaining Agreement

Sick Leave Cash Out. (A) 7 Employees may cash in unused sick leave days above an accumulation of sixty (60) days at a ratio 8 of one (1) full day's monetary compensation for four (4) accumulated sick leave days. At the 9 employee's option, he/she may they can cash-out their unused sick leave days in January of the school year 10 following any year in which more than sixty (60) days of sick leave is accrued and each January 11 thereafter, at a rate equal to one day's monetary compensation of the employee for each fourfour (4) full 12 days of accrued sick leave.

Appears in 1 contract

Samples: Contractual Agreement

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