Common use of Sick Leave Payment Clause in Contracts

Sick Leave Payment. Employees of the unit who retire under the provisions of the N.Y.S. Employees Retirement System shall be paid for unused sick leave under the following formula: Days Accumulated at Retirement x Rate Maximum Available Days 0-80 $0 $0 Days 81-110 $35.00 per day $1,050.00 Days 111-150 $40.00 per day $1,600.00 Days 151-180 $45.00 per day $1,350.00 Days 181-210 $45.00 per day $1,350.00 The total amount to be paid shall not exceed $5,350.00.

Appears in 4 contracts

Samples: Agreement, Agreement, Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!