Sick Leave Exchange Sample Clauses
The Sick Leave Exchange clause allows employees to convert unused sick leave into another form of benefit, such as additional pay, vacation time, or retirement credit. Typically, this clause outlines eligibility requirements, the process for requesting an exchange, and any limits on the amount of sick leave that can be converted within a given period. Its core practical function is to provide flexibility and added value to employees who maintain good attendance, while also incentivizing reduced absenteeism and helping employers manage leave liabilities.
Sick Leave Exchange. The Board of Education has established a leave sharing program for all certified teachers. The program shall permit district employees to donate or receive sick leave. Sick leave may be donated to and/or received by employees within Muskogee Public Schools. The recipient must be pregnant or recovering from, or who is suffering from an extraordinary or severe illness, injury, impairment, or physical or mental condition that has caused or is likely to cause the employee to take leave without pay or to terminate employment. Guidelines for Sick Leave Sharing are:
Sick Leave Exchange. Any permanent employee may exchange accrued sick leave for pay or for additional leave time as appropriate, in accordance with the options provided the employee, subject to the following provisions:
Sick Leave Exchange. All employees eligible for a normal retirement on or before December 31, 2010 shall have the following sick leave exchange and service time purchase opportunity:
i. The ability to exchange fifty (50) days of accrued sick or annual leave for which they would otherwise be paid at retirement for one year of added service for eligibility and benefit accrual purposes, and in addition, may also purchase a year of additional service for eligibility and benefit accrual purposes at the rate of thirty percent (30%) of current salary/year.
ii. The total service time gained through accrual exchange may not exceed three (3) years and the total gained through a combination of accrual exchange and purchase may not exceed four (4) years. Purchase of service may include transfer of funds from qualified 457 Plans (Deferred Compensation) to the Defined Benefit Plan to the extent permitted by IRS Regulations.
Sick Leave Exchange. In addition to the five days of personal leave, a teacher who ends the previous school year with at least 149 days (1043 hours) of available sick leave may, upon written request to the District, exchange a maximum of six days of that year’s sick leave grant for one additional day of personal leave. After this exchange, one additional personal leave day may be granted for the exchange of one sick leave day which increases the aggregate total of available personal leave days to seven in any school year.
Sick Leave Exchange. Employees may exchange sick leave for personal leave at a 2:1 ratio. This option may only be used twice a year per employee. All exchanges must be approved by a supervisor prior to the use of the requested leave and cannot exceed two personal days per year. Employee may exchange sick leave which does not cause the employee's accumulated sick leave balance to fall below the yearly amount afforded to them per the negotiated agreements. (Board policy) (G-9)
Sick Leave Exchange. All employees who are covered by this Agreement and maintain a sick leave "bank" of nine hundred and sixty (960) hours are eligible to cash in two (2) days of sick leave for one (1) day of personal leave, for a maximum of three (3) personal days. For employees who maintain a sick leave "bank" of six hundred and forty (640) hours sick leave to cash in three (3) days of sick leave for one (1) day of personal leave, for a maximum of three (3) personal days.
Sick Leave Exchange. Up to 719 Hours: Employees who have accrued up to 719 hours of sick leave may exchange sick leave as follows:
Sick Leave Exchange. For employees who retire on or after the date of the Award, the existing formula for payment of accumulated sick leave at retirement shall be amended so that employees shall be compensated at 50% of their accumulated sick leave at retirement, except that employees who have accumulated 2,500 hours or more of sick leave at retirement shall instead be compensated at 60% of all such time.
Sick Leave Exchange. (A) Any unused sick leave accrued by employees hired prior to January 1, 1993 in excess of ninety (90) days may be exchanged by Bargaining Unit Members one (1) time per year at the ratio of two (2) unused sick leave days for one (1) additional day of paid vacation, not to exceed a maximum of ten (10) days of sick leave exchanged for five (5) additional days of vacation in any one calendar year.
(B) Any unused sick leave accrued by employees hired after January 1, 1993 and before September 1, 2004 in excess of seventy five (75) days may be exchanged by Bargaining Unit Members one time per year at the ratio of two (2) unused sick leave days for one (1) additional day of paid vacation, not to exceed a maximum of ten (10) days of sick leave exchanged for five (5) additional days of vacation in any one calendar year. Employees hired on and after September 1, 2004 shall not be entitled to exchange accrued sick leave for vacation.
Sick Leave Exchange. 8.9.4.1 Any employee covered by this contract who on January 1st has a minimum of 240 sick leave hours remaining may choose to exchange eight (8) hours of sick leave for one (1) personal holiday which is an eight (8) hour day of leave with all remaining hours of sick leave carried over to the next year; or
8.9.4.2 Any employee covered by this contract who on January 1st has a minimum of 480 sick leave hours remaining may choose to exchange sixteen (16) hours of sick leave for two (2) personal holidays which is sixteen (16) hours of leave with all remaining hours of sick leave carried over to the next year; or
8.9.4.3 Any employee covered by this contract who on January 1st has a minimum of 720 sick leave hours remaining may choose to exchange twenty-four (24) hours of that sick leave for three (3) personal holidays which is twenty-four (24) hours of leave with all remaining hours of sick leave carried over to the next year; or
8.9.4.4 Any employee covered by this contract who on January 1st has a minimum of 960 sick leave hours remaining may choose to exchange thirty-two (32) hours of sick leave for four