Sick Leave Conversion. On January 1 of each year, an employee may convert up to a maximum of 30 hours accumulated sick leave at fifty percent (50%) cash value for the sole purpose of reimbursing the employee for medical costs. This conversion is subject to the following:
Sick Leave Conversion. When a sick leave accumulation of four hundred (400) hours has been reached, one- quarter (1/4) of any sick leave accumulated thereafter may be credited to the employee's vacation accumulation if the employee's sick leave accumulation is maintained at four hundred (400) or more hours; three-quarters (3/4) of sick leave accumulated thereafter may be credited to sick leave. Sick leave accumulated prior to July 1, 1970, cannot be transferred to vacation under the provisions of this Article. When a sick leave accumulation of eight hundred (800) hours has been reached, one- half (1/2) of any sick leave accumulated thereafter may be credited to the employee's vacation accumulation if the employee's sick leave accumulation is maintained at eight hundred (800) or more hours; one-half (1/2) of sick leave accumulated thereafter may be credited to sick leave.
Sick Leave Conversion. Upon the written request of the employee prior to the last full pay period in September, up to eighty (80) hours of excess cashable annual leave may be converted each year into a separate cashable Sick Leave Account which shall have a cash-in value upon separation.
Sick Leave Conversion. Sick leave accumulation in excess of 1,440 hours may be converted to paid vacation time at a ratio of two (2) hours of sick leave time for one
Sick Leave Conversion. Formula All eligible employees will be required to contribute the cash value of their unused sick leave balances to the Trust, upon separation from employment with the County for reasons other than death, in accordance with the conversion formula described below: Amount of Remaining Sick Leave Hours Cash Formula Value 672 hours or less 30% 673 to 840 hours 35% 841 to 1,008 hours 40% 1,009 to 1,176 hours 45% 1,177 to 1,344 hours 50% 1,345 to 1,680 hours 60%
Sick Leave Conversion. SECTION 1. At the time of formal retirement from active service with the Employer and with ten (10) or more years of prior service with the State or any political subdivision, an employee may elect to be paid in cash for twenty-five percent (25%) of his total unused accumulated paid sick leave. Such payment for sick leave on this basis shall be based on the employee’s rate of pay at the time of retirement. Payment for sick leave on this basis shall be considered to eliminate all sick leave credit accrued by the employee at that time. Such payment shall only be made once to any employee. The maximum payment shall not exceed thirty (30) days.
Sick Leave Conversion. Employees whose sick leave accrual balance exceeds 500 hours as of the end of the last pay period in November of a given year are eligible to participate in the Sick Leave Conversion plan. Only those hours beyond 500 total hours of accrued sick leave are eligible for conversion. Accrued sick leave hours considered eligible for conversion may be converted to Annual Leave at a ratio of two (2) sick leave hours to one (1) annual leave hour for accrued sick leave hours up to 960 total hours or one (1) sick leave hour to (1) annual leave hour for accrued sick leave hours beyond 960 total hours for a maximum of forty (40) hours annual leave. The converted hours shall be credited to the employee's annual leave bank in January of the following calendar year. Employees interested in converting sick leave subject to the conditions of this section must follow the procedures as provided by the Division of Human Resources. Usage of sick leave converted to annual leave is subject to the provisions of Article 7 (Annual Leave) of this Agreement.
Sick Leave Conversion. All members of the bargaining unit who at the time of retirement have completed ten (10) or more years of active service with the University or a combination of ten (10) or more years of active service with the University together with other State of Ohio units as specified by law, shall receive payment based on the member’s rate of pay at retirement for one- fourth of the individual’s accrued but unused sick leave at retirement up to a maximum accrual of two hundred eight days (1/4 of 208 days = 52 days). Payment shall be based on a daily rate of 1/195 of the individual’s last 9-month salary for each day. When an individual has accepted such payments, all sick leave credit accrued up to that time shall be eliminated. Such payment shall be made only once to an individual. An individual who returns to University service or any other state service after retiring may accrue and use sick leave as before but may not convert the unused sick leave at the time of second retirement. Xxxx leave conversion described in this article does not apply to any termination or separation other than retirement. A member of the bargaining unit who applies for sick leave conversion shall submit an official confirmation from STRS or their alternative retirement plan of their impending retirement.
Sick Leave Conversion. An employee may convert sick leave, in excess of ninety (90) days, into vacation leave at the rate of one (1) vacation day for each sick day, up to a maximum of five (5) vacation days per year. Requests to convert sick leave must be submitted within the month of January of each year.
Sick Leave Conversion. Upon reaching four hundred (400) hours accumulation, one quarter (1/4) of any sick leave accumulated thereafter shall be credited to the employee's vacation accumulation as long as the employee maintains his/her sick leave accumulation at four hundred (400) or more hours. The remaining three quarters (3/4) of sick leave accumulated thereafter shall continue to be credited to sick leave. When an accumulation of eight hundred (800) hours sick leave has been reached, one-half (1/2) of any sick leave accumulated thereafter shall be credited to the employee's vacation accumulation as long as the employee maintains his/her sick leave accumulation at eight hundred (800) or more hours. The remaining one-half (1/2) of sick leave accumulated thereafter shall continue to be credited to sick leave.
