Sick Leave Reimbursement into VEBA Sample Clauses

Sick Leave Reimbursement into VEBA. Contingent on a vote by the Union to authorize continuation of the VEBA program, employees shall have all funds generated by sick leave buyout at retirement contributed to a Voluntary Employee's Beneficiary Association (VEBA). The Union may give notice to GHC at any time that they wish to cancel participation in the VEBA program for the next plan year consistent with the program's guidelines and IRS rules.
AutoNDA by SimpleDocs

Related to Sick Leave Reimbursement into VEBA

  • Sick Leave Benefits Sick leave is an indemnity benefit and not an acquired right. A Nurse who is absent from a scheduled shift on approved sick leave shall only be entitled to sick leave pay if the Nurse is not otherwise receiving pay for that day, and providing the Nurse has sufficient sick leave credits.

  • Sick Leave Accrual Full-time employees will accrue eight (8) hours of sick leave in a calendar month. Part- time employees will accrue sick leave credit on the same proportional basis that their employment schedule bears to a full-time schedule, up to a maximum of eight (8) hours in a calendar month.

Time is Money Join Law Insider Premium to draft better contracts faster.