Sick Leave Payouts. An employee separating from Town service in good standing shall be entitled to a payment for unused sick leave on the following schedule: For separation after 15 years of service 50% of time accrued For separation after 10 years of service 40% of time accrued For separation after 5 years of service 20% of time accrued These allowances cannot be used to extend the separation date. Employees terminated involuntarily or who leave Town service in other than good standing shall not be entitled to the above sick leave payouts. Employees hired after July 1, 2007 shall not be entitled to this benefit. Qualified employees will be allowed to contribute sick leave payouts, as described above, into the 457 Plan, up to the maximum contribution permitted by the IRS.
Sick Leave Payouts. Upon retirement or death, the Town will pay fifty percent (50%) of unused sick leave that an employee has to his credit to the employee or the spouse as the case may be. In the event that the employee is not survived by a spouse, said unused sick leave payment shall be made to the employee’s estate. In the event an employee terminates his employment in good standing, having given advance notice of at least fourteen (14) calendar days, he shall receive twenty-five percent (25%) of his accumulated sick leave. Employees terminated for just cause shall receive no benefit under this Section. Notwithstanding the above, employees hired after May 1, 1997, shall upon retirement or death be eligible to receive from the Town payment for unused accumulated sick leave, not to exceed 960 hours in total. The payment shall be on the basis of an average of the last three (3) years of base salary for the employee. Employees who subsequently resign their employment with the Town shall not be eligible to receive payout of unused, accumulated sick time if they have less than ten
Sick Leave Payouts. 1. A pilot’s sick leave accruals will be paid out as provided in paragraphs 2 through 5 below. At the pilot’s option, the sick leave payout will be made in the form of a lump-sum or semi-monthly payment. The selection of a semi-monthly payout shall not establish an independent basis for the continuation of health benefits or sick leave accruals during the payout period.
Sick Leave Payouts. The Employer will continue to provide sick leave payouts for all accrued, unused and banked sick leave, consistent with the County’s Personnel Policy Manual, Chapter 5.4, as was in effect on June 23, 2015, as shown on Appendix C, attached hereto. Attachment: FOP Final Contract (FI-R-0014-17 : Collective Bargaining Agreement Ratification with FOP Council)
Sick Leave Payouts. (a) If and when an employee quits or is discharged from his/her employment, no payment for unused sick leave will be made.
