SICK LEAVE CREDIT PAYMENT Sample Clauses

SICK LEAVE CREDIT PAYMENT. From Part A of Appendix A - “Retirement Gratuities were frozen as of August 31, 2012. A Teacher is not eligible to receive a sick leave credit gratuity or any non-sick leave credit retirement gratuity (such as, but not limited to, service gratuities or RRSP contributions) after August 31, 2012, except a sick leave credit gratuity that the Teacher had accumulated and was eligible to receive as of that day. L11.01 The Employer shall pay to a Teacher, who has not fewer than five (5) consecutive years of contracted service with the Hastings and Xxxxxx Xxxxxx District School Board, and who resigns for the purpose of retiring to a pension (including commuted value under the TPP Act) an amount equal to the Teacher’s rate of salary, wages or other remuneration for one-half the number of days standing to the Teacher’s credit in the Teacher’s accumulated sick leave credit account. 01.01 SLCP = ½ of CSL x S x N 01.02 Where SLCP is the amount of sick leave credit payment; CSL is the number of accumulated Sick Leave Credits accrued in 10.06 (“Bank A”), and the balance of supplementary Sick Leave Credits accrued in 10.07 (“Bank B”) to a maximum of 200 days; S is the Teacher’s salary at the time of retirement; N is the number of years of contracted service to a maximum of twenty (20).
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SICK LEAVE CREDIT PAYMENT. 36.01 A Teacher having not less than five (5) consecutive years of contracted service with the Hastings and Xxxxxx Xxxxxx District School Board and its predecessors, immediately preceding cessation of employment, and who ceases to be employed by the Board because of age or who for reasons of ill health acceptable to the Board and who, upon retirement, is entitled to a pension under the Teachers Pension Act shall be eligible to receive a sick leave credit payment based on the following formula: 36.01 01 SLCP = ½ of CSL x S x N
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SICK LEAVE CREDIT PAYMENT. 11.01 The Employer shall pay to a Teacher, who has not fewer than five (5) consecutive years of contracted service with the Hastings and Xxxxxx Xxxxxx District School Board, and who resigns for the purpose of retiring to a pension (including commuted value under the TPP Act) an amount equal to the Teacher’s rate of salary, wages or other remuneration for one-half the number of days standing to the Teacher’s credit in the Teacher’s accumulated sick leave credit account. 11.01.01 SLCP = ½ of CSL x S x N 200 20 11.01.02 Where SLCP is the amount of sick leave credit payment; CSL is the number of accumulated Sick Leave Credits accrued in 10.06 (“Bank A”), and the balance of supplementary Sick Leave Credits accrued in 10.07 (“Bank B”) to a maximum of 200 days; S is the Teacher’s salary at the time of retirement; N is the number of years of contracted service to a maximum of twenty (20).
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SICK LEAVE CREDIT PAYMENT. 11.01 The Employer shall pay to a Teacher who resigns for the purpose of retiring to a pension (including commuted value under the TPP Act) an amount equal to the Teacher’s rate of salary, wages or other remuneration for one-half the number of days standing to the Teacher’s credit in the Teacher’s accumulated sick leave credit account. 11.01.01 SLCP = ½ of CSL x S x N 200 20 11.01.02 Where SLCP is the amount of sick leave credit payment; CSL is the number of accumulated Sick Leave Credits accrued in 10.06 (“Bank A”), and the balance of supplementary Sick Leave Credits accrued in 10.07 (“Bank B”) to a maximum of 200 days; S is the Teacher’s salary at the time of retirement; N is the number of years of contracted service to a maximum of twenty (20).
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SICK LEAVE CREDIT PAYMENT. A Teacher having not less than five (5) consecutive years of contracted service with the Hastings and Xxxxxx Xxxxxx District School Board and its predecessors, immediately preceding cessation of employment, and who ceases to be employed by the Board because of age or who for reasons of ill health acceptable to the Board and who, upon retirement, is entitled to a pension under the Teachers Pension Act shall be eligible to receive a sick leave credit payment based on the following formula: = of s Where is the amount of sick leave credit payment; is the number of sick days accumulated with this Board or its predecessors, to a maximum of days; S is the employees’ grid placement plus applicable allowances at the time of retirement; N is the number of school years of service (full or part time, not pro-rated, even if the employee is currently working or has worked part time throughout their career) as recognized by this Board and its predecessor Boards to a maximum of years. For retiring Teachers receiving insurance benefits, the waiting period for insurance purposes shall not be subtracted from the number of cumulative sick days. A Teacher who has elected to work part-time as prescribed in The Education Act, Section shall be entitled to a sick leave credit payment as if the Teacher were full time. Where a Teacher is retired compulsorily from the Board’s service at the end of the school year in which the Teacher attains the age of years and where because of this the Teacher would not be able to complete the required minimum of five (5) consecutive years of contracted service with the Board, or for other reasons acceptable to the Board, the Director of Education may authorize the granting of a sick leave credit payment in accordance with the other conditions contained in this plan. In the case of the death of a Teacher prior to retirement, designated beneficiary if so named, or estate shall be entitled to a payment equal to the number of sick leave credits accumulated at the date of death to a maximum of one-half year’s earnings at the rate received by the Teacher immediately prior to death. Each Teacher will be asked to choose between designating the beneficiary or including the in the Teacher’s estate in school year, and subsequently upon initial hiring. This statement of beneficiary will form part of the annual Credits and Contribution Notes (see Section 10.01). The beneficiary may be revised at the written request of the Teacher.
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SICK LEAVE CREDIT PAYMENT. 36.01 A Teacher having not less than five (5) consecutive years of contracted service with the Hastings and Xxxxxx Xxxxxx District School Board and its predecessors, immediately preceding cessation of employment, and who ceases to be employed by the Board because of age or who for reasons of ill health acceptable to the Board and who, upon retirement, is entitled to a pension under the Teachers Pension Act shall be eligible to receive a sick leave credit payment based on the following formula: 36.01.01 SLCP = ½ of CSL x S x N 200 20 36.01.02 Where SLCP is the amount of sick leave credit payment; CSL is the number of sick days accumulated with this Board or its predecessors, to a maximum of 200 days; S is the employees’ grid placement plus applicable allowances at the time of retirement; N is the number of school years of service (full or part time, not pro-rated, even if the employee is currently working or has worked part time throughout their career) as recognized by this Board and its predecessor Boards to a maximum of 20 years. 36.01.03 For retiring Teachers receiving LTD insurance benefits, the waiting period for insurance purposes shall not be subtracted from the number of cumulative sick days. 36.02 A Teacher who has elected to work part-time as prescribed in The Education Act, Article 180 (3), shall be entitled to a sick leave credit payment as if the Teacher were full time.
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Related to SICK LEAVE CREDIT PAYMENT

  • Sick Leave Credit All employees shall be able to draw on a block of six (6) 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 his/her final paycheque.

  • Sick Leave Credits (a) Prior to the commencement of maternity leave, illness arising due to pregnancy may be covered by normal sick leave. (b) Sick leave may be used by any pregnant employee, authorized by the receipt of a qualified medical practitioner's statement to the Employer, where there is a confirmed case of German measles or any other disease or condition in the place of employment which could be harmful to pregnancy as determined by the qualified medical practitioner's statement or report. They may use this leave until all danger from such disease or condition no longer exists.

  • 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. 2) If the Teacher is eligible to receive a sick leave credit gratuity, upon the Teacher’s retirement, the gratuity shall be paid out at the lesser of, a) the rate of pay specified by the board’s system of sick leave credit gratuities that applied to the Teacher on August 31, 2012; and b) the Teacher’s salary as of August 31, 2012. 3) If a sick leave credit gratuity is payable upon the death of a Teacher, the gratuity shall be paid out in accordance with subsection (2). 4) For greater clarity, all eligibility requirements must have been met as of August 31, 2012 to be eligible for the aforementioned payment upon retirement, and the Employer and Union agree that any and all wind-up payments to which Teachers without the necessary years of service were entitled to under Ontario Regulation 01/13: Sick Leave Credits and Sick Leave Credit Gratuities, have been paid. 5) For the purposes of the following boards, despite anything in the board’s system of sick leave credit gratuities, it is a condition of eligibility to receive a sick leave credit gratuity that the Teacher have ten (10) years of service with the board: i. Near North District School Board ii. Avon Maitland District School Board iii. Xxxxxxxx-Xxxxxxxxx District School Board

  • 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 Bonus ‌ For every six (6) months of perfect sick leave attendance after July 1, 1987, the employee will receive eight (8) hours of bonus time. This bonus time will be prorated for part-time employees. Such bonus time can be used for any leave purpose covered by this Agreement. Such bonus time shall be counted as vacation leave credits for purposes of determining eligibility for carry- over and cash payments.

  • Sick Leave Payout No cash payment for unused sick leave will be paid to any employee leaving the service of the Employer.

  • Sick Leave Benefits Sick leave is an indemnity benefit and not an acquired right. A Nurse who is absent from a scheduled shift on approved sick leave shall only be entitled to sick leave pay if the Nurse is not otherwise receiving pay for that day, and providing the Nurse has sufficient sick leave credits.

  • Sick Leave Pay A Nurse granted sick leave shall be paid for the period of such leave at her or his regular hourly rate of pay and the number of hours thus paid shall be deducted from the accumulated sick leave credits of the Nurse.

  • Accrued 100% sick leave The use of sick leave under this subsection is at the employee's discretion.

  • Sick Leave Cash Out Eligible employees may elect to receive monetary compensation for accrued sick leave as follows: In January of each year an employee whose sick leave balance at the end of the previous year exceeds four hundred eighty (480) hours may elect to convert the sick leave hours earned in the previous calendar year, minus those hours used during the year, to monetary compensation. No sick leave hours may be converted which would reduce the calendar year end balance below four hundred eighty (480) hours. Monetary compensation shall be paid at the rate of twenty-five percent and shall be based on the employee’s current salary. All converted hours will be deducted from the sick leave balance. Employees who separate from University service due to retirement or death shall be compensated for the unused sick leave accumulation from the date of most recent hire in a leave eligible position with the State of Washington at the rate of 25%. Compensation shall be based upon the employee’s wage at the time of separation. For the purpose of this section, retirement shall not include vested out of service employees who leave funds on deposit with the retirement system. Former eligible employees who are re-employed within three (3) years of their separation from service shall be granted all unused sick leave credits, if any, to which they are entitled at time of separation.

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