Common use of Sick Leave Pay Out Clause in Contracts

Sick Leave Pay Out. Employees who retire on pension or who voluntarily terminate their employment with the Employer, or who are permanently laid off from their employment with the Employer, shall upon termination or retirement be paid any sick leave accumulation they may have to their credit. Employees who have a sick leave credit balance in excess of twelve (12) days (eighty- four (84) hours), as of December 31st, 1987, and on each December 31st thereafter, shall receive a cash pay out to a maximum of six (6) unused sick leave days (forty-eight (48) hours), provided no employee's sick leave bank shall fall below twelve (12) days (ninety- six (96) hours), as a result of a cash pay out. Eligible employees shall receive a cash pay out prior to January 31st of each year.

Sick Leave Pay Out. Employees who retire on pension or who voluntarily terminate their employment with the Employer, or who are permanently laid off from their employment with the Employer, shall upon termination or retirement be paid any sick leave accumulation they may have to their credit. Employees who have a sick leave credit balance in excess of twelve (12) days (eighty- eighty-four (84) hours), as of December 31st, 1987, and on each December 31st thereafter, shall receive a cash pay out to a maximum of six (6) unused sick leave days (forty-eight (48) hours), provided no employee's sick leave bank shall fall below twelve (12) days (ninety- ninety-six (96) hours), as a result of a cash pay out. Eligible employees shall receive a cash pay out prior to January 31st of each year.

Sick Leave Pay Out. Employees who retire on pension or who voluntarily terminate their employment with the Employer, or who are permanently laid off from their employment with the Employer, shall upon termination or retirement be paid any sick leave accumulation they may have to their credit. Payments of any such sick time may be directed to an RRSP account at the employee’s discretion. Employees who have a sick leave credit balance in excess of twelve (12) days (eighty- eighty-four (84) hours), as of December 31st, 1987, and on each December 31st thereafter, shall receive a cash pay out to a maximum of six (6) unused sick leave days (forty-eight (48) hours), provided no employee's sick leave bank shall fall below twelve (12) days (ninety- six (96) hours), as a result of a cash pay out. Eligible employees shall receive a cash pay out prior to January 31st of each year.twelve