Common use of Sick Leave Payout Clause in Contracts

Sick Leave Payout. 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, to a maximum of one hundred and twenty (120) hours credit.

Sick Leave Payout. Employees who retire on pension pension, or who voluntarily terminate their employment with the Employer, or who are permanently laid off from their employment with the EmployerEmployer shall, shall upon termination or retirement retirement, be paid any sick leave Sick Leave accumulation they may have to their credit. Employees who have a Sick Leave credit balance in excess of twelve (12) days (ninety-six (96) hours) as of December 31, 1983, and on each December 31 thereafter, shall receive a cash payout to a maximum of one hundred and twenty six (1206) hours credit.unused Sick Leave days (forty-eight

Sick Leave Payout. Employees who retire on pension or who voluntarily terminate their employment a. A regular employee with the Employer, or who are permanently laid off from their employment with the Employer, shall upon termination or retirement be paid any less than fifteen (15) years of service and having accrued sick leave accumulation they may have to their creditcredit shall, on retirement or severance for other than dismissal with cause, receive a payout of accrued sick leave up to a maximum of one hundred sixty (60) days. b. A regular employee with fifteen (15) or more years of service and twenty having accrued sick leave to their credit shall, on retirement or severance for other than dismissal with cause, receive a payout of accrued sick leave up to a maximum of ninety (12090) hours creditdays.

Sick Leave Payout. Employees who retire on pension pension, or who voluntarily terminate their employment with the EmployerEmployer with at least two (2) weeks written notice, or who are permanently laid off from their employment with the EmployerEmployer shall, shall upon termination or retirement retirement, be paid fifty percent (50%) of any sick leave Sick Leave accumulation they may have to their credit. Employees who have a Sick Leave credit balance in excess of six (6) days (forty-two [42] hours) as of December 31, 1996, and each December 31 thereafter, shall receive a cash payout to a maximum of one hundred and twenty (120) hours credit.six

Sick Leave Payout. Employees who have completed at least five (5) years of service, and who resign or otherwise voluntarily separate from employment shall be paid for 1/8th of their unused, earned sick leave. Employees who retire on pension or who voluntarily terminate shall be paid for ½ of their employment with the Employerunused, or earned sick leave. Employees who are permanently laid off from their employment with the Employer, terminated for cause shall upon termination or retirement be paid not receive any sick leave accumulation they may have to their credit, to a maximum of one hundred and twenty (120) hours creditpayout.