Common use of Sick Leave Conversion to Cash Clause in Contracts

Sick Leave Conversion to Cash. Eligible unit employees may convert a percentage of accrued, unused sick leave to cash at death or retirement from City employment. The provisions for this policy are as follows: 1. Employees of this unit may not "cash out" or be compensated for any of the first two hundred forty (240) hours of sick leave accrued. 2. Any current employee of this unit having completed ten (10) years of continuous service with the City and who retires from City service by filing for Service Retirement with XxxXXXX, will be compensated for twenty-five percent (25%) of accrued, unused sick leave in excess of two hundred forty (240) hours at the employee's hourly rate of pay at the time of retirement from City service. The surviving spouse, beneficiary(s), dependent(s) or estate of any current employee of this unit who has completed ten (10) years of continuous service with the City and dies while employed by the City prior to retirement, will be compensated for fifty percent (50%) of accrued, unused sick leave in excess of two hundred forty (240) hours at the employee's hourly rate of pay at the time of death. Any current employee of this unit having completed ten (10) years of continuous service with the City and having an unused sick leave accrual balance exceeding five hundred (500) hours may, at their option, "cash out" up to a maximum of ninety-six (96) hours (12 days) of unused sick leave annually as long as the "cashed out" hours do not diminish the unused sick leave accrual balance to an amount less than five hundred (500) hours. Compensation for unused, accrued sick leave will be made at the employee's rate of pay at the time of "cash out". Requests for payment of unused sick leave as described herein, shall be made in writing to the Finance Department at least thirty (30) days in advance of June 1st and December 1st of each year. Payments of "cashed out" unused sick leave will be made on the first pay day which follows June 1st and December 1st of each year.

Appears in 1 contract

Samples: Memorandum of Understanding

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Sick Leave Conversion to Cash. Eligible unit employees may convert a percentage of accrued, unused sick leave Sick Leave to cash at death or retirement from City employment. The provisions for this policy are as follows: 1. Employees of this unit may not "cash out" or be compensated for any of the first two hundred forty (240) 240 hours of sick leave Sick Leave accrued. 2. Any current employee of this unit having completed ten (10) 10 years of continuous service with the City and who retires from City service by filing for Service Retirement with XxxXXXXCalPERS, will be compensated for twenty-five percent (25%) 50% of accrued, unused sick leave Sick Leave in excess of two hundred forty (240) 240 hours at the employee's hourly rate of pay at the time of retirement from City service. 3. The surviving spouse, beneficiary(s), dependent(s) or estate of any current employee of this unit who has completed ten (10) 10 years of continuous service with the City and dies while employed by the City prior to retirement, will be compensated for fifty percent (50%) % of accrued, unused sick leave Sick Leave in excess of two hundred forty (240) 240 hours at the employee's hourly rate of pay at the time of death. 4. Any current employee of this unit having completed ten (10) 10 years of continuous service with the City and having an unused sick leave Sick Leave accrual balance exceeding five hundred (500) 500 hours may, at their option, "cash out" up to a maximum of ninety-six (96) 135 hours (12 days) of unused sick leave Sick Leave annually as long as the "cashed out" hours do not diminish the unused sick leave Sick Leave accrual balance to an amount less than five hundred (500) 500 hours. 5. Compensation for unused, accrued sick leave Sick Leave will be made at the employee's rate of pay at the time of "cash out". Requests for payment of unused sick leave Sick Leave as described herein, shall be made in writing to the Finance Department at least thirty (30) 30 days in advance of June 1st and December 1st of each year. 6. Payments of "cashed out" unused sick leave Sick Leave will be made on the first pay day which follows June 1st and December 1st of each year. Payment for unused Sick Leave shall be made in the regular payroll check issued for that pay period.

Appears in 1 contract

Samples: Memorandum of Understanding

Sick Leave Conversion to Cash. Eligible unit employees may convert a percentage of accrued, unused sick leave Sick Leave to cash at death or retirement from City employment. The provisions for this policy are as follows: 1. Employees of this unit may not "cash out" or be compensated for any of the first two hundred forty (240) 240 hours of sick leave Sick Leave accrued. 2. Any current employee of this unit having completed ten (10) 10 years of continuous service with the City and who retires from City service by filing for Service Retirement with XxxXXXXCalPERS, will be compensated for twenty-five percent (25%) 50% of accrued, unused sick leave Sick Leave in excess of two hundred forty (240) 240 hours at the employee's hourly rate of pay at the time of retirement from City service. 3. The surviving spouse, beneficiary(s), dependent(s) or estate of any current employee of this unit who has completed ten (10) 10 years of continuous service with the City and dies while employed by the City prior to retirement, will be compensated for fifty percent (50%) % of accrued, unused sick leave Sick Leave in excess of two hundred forty (240) 240 hours at the employee's hourly rate of pay at the time of death. 4. Any current employee of this unit having completed ten (10) 10 years of continuous service with the City and having an unused sick leave Sick Leave accrual balance exceeding five hundred (500) 500 hours may, at their option, "cash out" up to a maximum of ninety-six (96) 135 hours (12 days) of unused sick leave Sick Leave annually as long as the "cashed out" hours do not diminish the unused sick leave Sick Leave accrual balance to an amount less than five hundred (500) 500 hours. 5. Compensation for unused, accrued sick leave Sick Leave will be made at the employee's rate of pay at the time of "cash out". Requests for payment of unused sick leave Sick Leave as described herein, shall be made in writing to the Finance Department at least thirty (30) 30 days in advance of June 1st and December 1st of each year. 6. Payments of "cashed out" unused sick leave Sick Leave will be made on the first pay day which follows June 1st and December 1st of each year. Payment for unused Sick Leave shall be made in the regular payroll check issued for that pay period.

Appears in 1 contract

Samples: Memorandum of Understanding

Sick Leave Conversion to Cash. Eligible unit employees may convert a percentage of accrued, unused sick leave to cash at death or retirement from City employment. The provisions for this policy are as follows: 1. Employees of this unit may not "cash out" or be compensated for any of the first two hundred forty (240) hours of sick leave accrued. 2. Any current employee of this unit having completed ten (10) years of continuous service with the City and who retires from City service by filing for Service Retirement with XxxXXXXCalPERS, will be compensated for twenty-five fifty percent (2550%) of accrued, unused sick leave in excess of two hundred forty (240) hours at the employee's hourly rate of pay at the time of retirement from City service. The surviving spouse, beneficiary(s), dependent(s) or estate of any current employee of this unit who has completed ten (10) years of continuous service with the City and dies while employed by the City prior to retirement, will be compensated for fifty percent (50%) of accrued, unused sick leave in excess of two hundred forty (240) hours at the employee's hourly rate of pay at the time of death. Any current employee of this unit having completed ten (10) years of continuous service with the City and having an unused sick leave accrual balance exceeding five hundred (500) hours may, at their option, "cash out" up to a maximum of ninety-six (96) hours (12 days) of unused sick leave annually as long as the "cashed out" hours do not diminish the unused sick leave accrual balance to an amount less than five hundred (500) hours. Compensation for unused, accrued sick leave will be made at the employee's rate of pay at the time of "cash out". Requests for payment of unused sick leave as described herein, shall be made in writing to the Finance Department at least thirty (30) days in advance of June 1st and December 1st of each year. Payments of "cashed out" unused sick leave will be made on the first pay day which follows June 1st and December 1st of each year.

Appears in 1 contract

Samples: Memorandum of Understanding

Sick Leave Conversion to Cash. Eligible unit employees may convert a percentage of accrued, unused sick leave to cash at death or retirement from City employment. The provisions for this policy are as follows: 1. Employees of this unit may not "cash out" or be compensated for any of the first two hundred forty (240) 240 hours of sick leave accrued. 2. Any current employee of this unit having completed ten (10) 10 years of continuous service with the City and who retires from City service by filing for Service Retirement with XxxXXXX, will be compensated for twentyfifty-five percent (2550%) of accrued, unused sick leave in excess of two hundred forty (240) 240 hours at the employee's hourly rate of pay at the time of retirement from City service. 3. The surviving spouse, beneficiary(s), dependent(s) dependents), or estate of any current employee of this unit who has completed ten (10) 10 years of continuous service with the City and dies while employed by the City prior to retirement, will be compensated for fifty one hundred percent (50100%) of accrued, unused sick leave in excess of two hundred forty (240) 240 hours at the employee's hourly rate of pay at the time of death. 4. Any current employee of this unit having completed ten (10) 10 years of continuous service with the City and having an unused sick leave accrual balance exceeding five hundred (500) 500 hours may, at their option, "cash out" up to a maximum of ninety-six (96) 96 hours (12 days) of unused sick leave annually as long as the "cashed out" hours do not diminish the unused sick leave accrual balance to an amount less than five hundred (500) 500 hours. 5. Compensation for unused, accrued sick leave will be made at the employee's rate of pay at the time of "cash out". Requests for payment of unused sick leave as described herein, shall be made in writing to the Finance Administrative Services Department at least thirty (30) 30 days in advance of June 1st and December 1st of each year. 6. Payments of "cashed out" unused sick leave will be made on the first pay day which follows June 1st and December 1st of each year.

Appears in 1 contract

Samples: Memorandum of Understanding

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Sick Leave Conversion to Cash. Eligible unit employees may convert a percentage of accrued, unused sick leave to cash at death or retirement from City employment. The provisions for this policy are as follows: 1. Employees of this unit may not "cash out" or be compensated for any of the first two hundred forty (240) 240 hours of sick leave accrued. 2. Any current employee of this unit having completed ten (10) 10 years of continuous service with the City and who retires from City service by filing for Service Retirement with XxxXXXX, will be compensated for twentyfifty-five percent (2550%) of accrued, unused sick leave in excess of two hundred forty (240) 240 hours at the employee's hourly rate of pay at the time of retirement from City service. 3. The surviving spousespouse or State-registered Domestic Partner, beneficiary(s), dependent(s) ), or estate of any current employee of this unit who has completed ten (10) 10 years of continuous service with the City and dies while employed by the City prior to retirement, will be compensated for fifty percent (50%) of accrued, unused sick leave in excess of two hundred forty (240) 240 hours at the employee's hourly rate of pay at the time of death. 4. Any current employee of this unit having completed ten (10) 10 years of continuous service with the City and having an unused sick leave accrual balance exceeding five hundred (500) 500 hours may, at their option, "cash out" up to a maximum of ninety-six (96) 96 hours (12 days) of unused sick leave annually as long as the "cashed out" hours do not diminish the unused sick leave accrual balance to an amount less than five hundred (500) hoursan 5. Compensation for unused, accrued sick leave will be made at the employee's rate of pay at the time of "cash out". Requests for payment of unused sick leave as described herein, shall be made in writing to the Finance Administrative Services Department at least thirty (30) 30 days in advance of June 1st and December 1st of each year. 6. Payments of "cashed out" unused sick leave will be made on the first pay day which follows June 1st and December 1st of each year.

Appears in 1 contract

Samples: Memorandum of Understanding

Sick Leave Conversion to Cash. Eligible unit employees may convert a percentage of accrued, unused sick leave to cash at death or retirement from City employment. The provisions for this policy are as follows: 1. Employees of this unit may not "cash out" or be compensated for any of the first two hundred forty (240) 240 hours of sick leave accrued. 2. Any current employee of this unit having completed ten (10) 10 years of continuous service with the City and who retires from City service by filing for Service Retirement with XxxXXXX, will be compensated for twentyfifty-five percent (2550%) of accrued, unused sick leave in excess of two hundred forty (240) 240 hours at the employee's hourly rate of pay at the time of retirement from City service. 3. The surviving spouse, beneficiary(s), dependent(s) dependents), or estate of any current employee of this unit who has completed ten (10) 10 years of continuous service with the City and dies while employed by the City prior to retirement, will be compensated for fifty one hundred percent (50100%) of accrued, unused sick leave in excess of two hundred forty (240) 240 hours at the employee's hourly rate of pay at the time of death. 4. Any current employee of this unit having completed ten (10) 10 years of continuous service with the City and having an unused sick leave accrual balance exceeding five hundred (500) 500 hours may, at their option, "cash out" up to a maximum of ninety-six (96) 96 hours (12 days) of unused sick leave annually as long as the "cashed out" hours do not diminish the unused sick leave accrual balance to an amount less than five hundred (500) 500 hours. 5. Compensation for unused, accrued sick leave will be made at the employee's rate of pay at the time of "cash out". Requests for payment of unused sick leave as described herein, shall be made in writing to the Finance Administrative Services Department at least thirty (30) 30 days in advance of June 1st and December 1st of each year. 6. Payments of "cashed out" unused sick leave will be made on the first pay day which follows June 1st and December 1st of each year.

Appears in 1 contract

Samples: Memorandum of Understanding

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