Sick Leave Credit Account Sample Clauses

Sick Leave Credit Account. 18.04 The Board shall maintain a Sick Leave Credit Account for all eligible Teachers, to be operated as follows:
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Sick Leave Credit Account. The Board shall maintain a Sick Leave Credit Account for all eligible teachers, to be operated as follows: The teacher’s sick leave account shall be credited with the yeah sick leave allowance of days or, where applicable, such lesser number of days as may raise the teacher’s total of sick leave credits to the maximum of on September 1 of each year. In the case of any teacher who shall commence the academic year on September 1 with the maximum of days sick leave credits (including any sick leave credits given on September 1 to a maximum of and who is absent because of personal illness or injury during the year, the Teacher shall be entitled to receive sick leave credits on June providing the number of sick leave credits shall not exceed days in any one academic year and providing the teacher’s cumulative sick leave account shall not exceed days. Any teacher who is on sick leave and is entitled to receive payments under the provision of the Workers’ Compensation Act, may elect to retain such payments and receive the difference between such payment and regular salary from the Board, or elect to receive an advance of full salary upon undertaking to reimburse the Board for an amount equal to payments under the Workers’ Compensation Act. In either procedure deductions shall be made from accumulated sick leave credits prorated in the proportion that the net sum paid by the Board bears to the regular salary of the employee upon which the award is based Similar provisions apply where of wages due to injury or illness is compensative from sources other than those provided under the Workers’ Compensation Act and the Board shall have subrogation rights in such cases. This clause shall be construed to apply to any payments arising from any personal policy or plan for which the employee has paid a premium or subscription. Subject to the provisions of appropriate legislation, former teachers who have been on leave of absence shall be entitled to retain prior cumulative sick leave credits providing the leave of absence does not exceed two years; otherwise, prior sick leave credits shall not be
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Related to Sick Leave Credit Account

  • Sick Leave Credit ‌ All employees will be able to draw on a block of nine days sick leave when they commence employment. If all or part of this block of sick leave is used it will be paid back as sick leave is accumulated. If an employee ceases employment and has a negative balance in sick leave credit, this amount will be deducted from their final pay.

  • Sick Leave Credits Regular employees who have completed their probationary period will accrue sick leave credits at the rate of one day per month to a maximum of 156 days. Upon completion of their probationary period, an employee will be credited with sick leave back to the employee's starting date. Upon request, an employee will be advised in writing of the balance of their sick leave credits.

  • Vacation Leave Credits ‌ Full-time and part-time employees will be credited with vacation leave accrued monthly, according to the rate schedule and vacation leave accrual below.

  • Sick Leave Credit-Based Retirement Gratuities 1) A Teacher is not eligible to receive a sick leave credit gratuity after August 31, 2012, except a sick leave credit gratuity that the Teacher had accumulated and was eligible to receive as of that day.

  • Restoration of Sick Leave Credit Employees who have been separated from state service and return to a position (except as temporary employees) within two (2) years shall have unused sick leave credits accrued during previous employment restored.

  • Accumulation of Vacation Leave Credits 31.1.1 An employee shall earn in respect of each fiscal year, annual vacation leave with pay at the following rates for each calendar month in which the employee receives at least seventy-five (75) hours’ pay:

  • Vacation Leave Credits for Severance Pay Where the employee requests, the Employer shall grant the employee’s unused vacation leave credits prior to termination of employment if this will enable the employee, for purposes of severance pay, to complete the first (1st) year of continuous employment in the case of lay-off.

  • Free Credit Balances Your selection of a sweep program above will not be effected until your Account paperwork has been accepted by LPL as being in good order. Until such time, available cash balances (from securities transactions, dividend and interest payments, deposits and other activities) will not be automatically swept and will be held as a free credit balance. A free credit balance is a liability of LPL and payable to the Account on demand. Interest will not be paid to the Account on free credit balances. Unless we hear from you to the contrary, it is our understanding that any free credit balances held in your Account are pending investment. Free credit balances may be used by LPL in the ordinary course of its business subject to the requirements of Rule 15c3-3 under the Securities Exchange Act of 1934. The use of customer free credit balances generally generates revenue for LPL in the forms of interest and income, which LPL retains as additional compensation for its services to its clients. Under these arrangements, LPL will generally earn interest or a return based on short-term market interest rated prevailing at the time. If you are acting on behalf of a Plan, the Responsible Plan Fiduciary agrees that it has independently determined that holding cash balances, pending LPL’s acceptance of the Account, as a free credit balance, which does not earn income for the Plan, is both (i) reasonable and in the best interests of the Plan and (ii) that the Plan receives no less, nor pays no more, than adequate consideration with respect to this arrangement. If the Responsible Plan Fiduciary chooses to avoid holding un-invested cash as a free credit balances, the Plan should not fund the Account until after the Account paperwork has been accepted by LPL as being in good order.

  • Use of Sick Leave Credits An employee may draw from the employee’s sick leave credits in conjunction with Workers’ Compensation payments to equal, but not exceed, the employee’s regular daily rate of pay. When the insurance company makes payment, the Town shall be reimbursed for that portion of sick leave covered by insurance and the employee will be re-credited with the proportional amount of sick leave. An employee may not use vacation or personal leave credits to supplement Workers’ Compensation.

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