Common use of Sick Leave Cash Out Clause in Contracts

Sick Leave Cash Out. 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 3 contracts

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

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Sick Leave Cash Out. Employees 1. At the beginning of each school year, each employee covered by this Agreement shall be credited with an advanced sick leave allowance of twelve (12) days. In the event of illness of an employee, the appropriate deduction will be made. Sick leave shall accumulate to a maximum of one hundred and eighty (180) days. 2. Pursuant to current statue, employees may cash in unused sick leave days above an accumulation of sixty (60) days at a ratio of one (1) 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 fourfor

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

Sick Leave Cash Out. 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. 8.4.1 Employees may are allowed to cash in unused sick leave days above an accumulation of sixty (60) days at a ratio of one (1) full day's day of monetary compensation for four (4) accumulated sick leave days. At the employee's option, he/she may they can cash-out their unused sick leave days in January February 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, February thereafter at a rate equal to one (1) day's current monetary compensation of the employee for each fourfour (4) full days of accrued sick leave. The employee's sick leave accumulation shall be reduced four (4) days for each day compensated.

Appears in 1 contract

Samples: Collective Bargaining Agreement

Sick Leave Cash Out. 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: Collective Bargaining Agreement

Sick Leave Cash Out. 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. 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: Unified 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 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

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Sick Leave Cash Out. Employees Annually each employee may cash in out the unused sick leave days above an accumulation he/she has accumulated that year (Jan. 1-Dec. 31) provided such employee has accumulated a minimum of sixty (60) days. The employee may cash out up to twelve (12) days at a ratio per year on January 1 of one full day's monetary compensation for four (4) accumulated sick leave dayseach year. At the employee's optiontime of separation from the District, hethe employee or his/she may cash-out unused her estate shall have all of his/her sick leave days in January of cashed out on the school year following any year in which more than sixty same one (601) 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. 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

Sick Leave Cash Out. 11 Employees may cash in unused sick leave days above an accumulation of sixty (60) days at a ratio 12 of one (1) full day's monetary compensation for four (4) accumulated sick leave days. At the 13 employee's option, he/she may they can cash-out their unused sick leave days in January of the school year 14 following any year in which more than sixty (60) days of sick leave is accrued and each January 15 thereafter, at a rate equal to one day's monetary compensation of the employee for each fourfour (4) full 16 days of accrued sick leave. 18 The employee's sick leave accumulation shall be reduced four (4) days for each day compensated.

Appears in 1 contract

Samples: Contractual Agreement

Sick Leave Cash Out. ‌ 8.4.1 Employees may are allowed to cash in unused sick leave days above an accumulation of sixty (60) days at a ratio of one (1) full day's day of monetary compensation for four (4) accumulated sick leave days. At the employee's option, he/she may they can cash-out their unused sick leave days in January February 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, February thereafter at a rate equal to one (1) day's current monetary compensation of the employee for each four

Appears in 1 contract

Samples: Collective Bargaining Agreement

Sick Leave Cash Out. Employees may cash in unused sick leave days above an accumulation of sixty (60) days at a ratio of one (1) full day's monetary compensation for four (4) accumulated sick leave days. At the employee's option, he/she may cash-option they can 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 accrued, and each January thereafter, at a rate equal to one day's monetary compensation of the employee for each four (4) days of accrued sick leave. The employee's sick leave accumulation shall be reduced four

Appears in 1 contract

Samples: Collective Bargaining Agreement

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