Common use of Sick Leave Payoff Clause in Contracts

Sick Leave Payoff. Employees who separate from the County with at least twenty (20) years of service will be paid for accrued but unused sick leave at their base rate of pay according to the following formula: Accumulated Hours Percentage Payable 900 to 1,200 75% of hours over 900 600 to 899 50% of hours over 600 300 to 599 25% of hours over 300 For example, an employee earning $14.00 per hour with a balance of 1200 hours would be paid for 75% of the top bank of 300 hours (0000-000 X 00% = 225 hours), 50% of the next bank of 300 hours (900-600 X 50% = 150 hours) and twenty five (25%) of the next bank (600-300 X 25% = 75 hours) for a total of 450 hours or $6,300. Employees with balances below 300 hours after twenty (20) years are not eligible for payoff.

Sick Leave Payoff. Employees who separate from the County service via resignation or layoff with at least twenty ten (2010) years of service will be paid for accrued but unused sick leave at their base rate of pay according to the following formula: Portion/Tier of Accumulated Hours Percentage hours Percent Payable Maximum Payout 900 to 1,200 75% of hours over 900 899 225 600 to 899 50% of hours over 600 599 150 300 to 599 25% of hours over 300 299 75 Total 450 For example, an employee earning fourteen dollars ($14.00 14.00) per hour with a balance of 1200 twelve hundred (1200) hours would be paid for seventy-five percent (75% %) of the top bank of 300 three- hundred (300) hours (0000-000 X 00% = 225 hours), fifty percent (50% %) of the next bank of 300 three hundred (300) hours (900-600 X 50% = 150 hours) and twenty twenty-five (25%) of the next bank (600-600- 300 X 25% = 75 hours) for a total of 450 four hundred and fifty (450) hours or sixty-three hundred dollars ($6,300). Employees with balances below 300 hours after twenty (20) years are not eligible for payoff.

Sick Leave Payoff. Employees who separate from the County service via resignation or layoff with at least twenty ten (2010) years of service will be paid for accrued but unused sick leave at their base rate of pay according to the following formula: Portion /tier of Accumulated Hours Percentage hours Percent Payable Maximum Payout 900 to 1,200 75% of hours over 900 899 225 600 to 899 50% of hours over 600 599 150 300 to 599 25% of hours over 300 299 75 Total 450 For example, an employee earning fourteen dollars ($14.00 14.00) per hour with a balance of 1200 twelve hundred (1200) hours would be paid for seventy-five percent (75% %) of the top bank of 300 three hundred (300) hours (0000-000 X x 00% = 225 hours), fifty percent (50% %) of the next bank of 300 three hundred (300) hours (900-600 X x 50% = 150 hours) and twenty five percent (25%) of the next bank (600-300 X x 25% = 75 hours) for a total of 450 four hundred and fifty (450) hours or sixty-three hundred dollars ($6,300). Employees with balances below 300 three hundred (300) hours after twenty (20) years are not eligible for payoff.

Sick Leave Payoff. Employees who separate from the County Agency service via resignation or layoff with at least twenty ten (2010) years of service will be paid for accrued but unused sick leave at their base rate of pay according to the following formula: Portion/Tier of Accumulated Hours Percentage Percent Payable Maximum Payout 900 to 1,200 75% of hours over 900 899 225 600 to 899 50% of hours over 600 599 150 300 to 599 25% of hours over 300 299 75 TOTAL 450 For example, an employee earning $14.00 per hour with a balance of 1200 hours would be paid for 75% of the top bank of 300 hours (0000-000 1200 – 900 X 0075% = 225 hours), 50% of the next bank of 300 hours (900-900 – 600 X 50% = 150 hours) and twenty twenty-five percent (25%) of the next bank (600-600 – 300 X 25% = 75 hours) for a total of 450 hours or $6,3006,300.00. Employees with balances below 300 hours after twenty (20) years are not eligible for payoff.

Sick Leave Payoff. 10.6.1 Employees who separate from the County service via retirement, resignation or layoff with at least twenty ten (2010) years of service will be paid for accrued but unused sick leave at their base rate of pay according to the following formula: Tier of Accumulated Hours Percentage Percent Payable Maximum Payout 900 to 1,200 75% of hours over 900 899 225 600 to 899 50% of hours over 600 599 150 300 to 599 25% of hours over 300 299 75 Total 450 For example, an employee earning $14.00 per hour with a balance of 1200 hours would be paid for 75% of the top bank of 300 hours (0000-000 X 00% = 225 hours), 50% of the next bank of 300 hours (900-600 X 50% = 150 hours) and twenty five (25%) of the next bank (600-300 X 25% = 75 hours) for a total of 450 hours or $6,300. Employees with balances below 300 hours after twenty (20) years are not eligible for payoff.