Sick Leave Sell Back a. After sixty (60) days have been accrued, an employee may exercise the option to receive remuneration for unused sick leave accumulated in the previous year, at the rate equal to one (1) day for each four (4) full days accrued in excess of sixty (60) days. Days for which remuneration has been received shall be deducted from the accrued leave at the rate of four (4) days for every one (1) day’s monetary compensation.
Sick Leave Sell Back. Each employee who uses three (3) or fewer sick leave days in the preceding year July 1 – June 30th, may sell back the equivalent of five (5) days of their preceding year’s schedule of unused sick leave at the rate of 70% of that employees hourly step wage, not to exceed $90 a day. Each employee who uses five (5) or fewer sick leave days in the preceding year July 1 – June 30th, may sell back up to three (3) days of their preceding year’s schedule of unused sick leave at the rate of 60% of that employees step wage, not to exceed $70 a day. Employees, who elect to take part in the sell back of unused sick leave for the prior school year, must notify NCSD no later than June 30th of the current school year and must select a payout for July 31st or Jan 15th of the next calendar year. To participate, the employee must have a remaining balance of no less than 5 days in their sick leave balance after the sell back is completed.
Sick Leave Sell Back. Effective January 1, 2005, any employee who has accumulated ninety (90) days of earned sick leave has the option of selling back time to the City of Linden on an annual basis, as follows:
Sick Leave Sell Back. All employees with one hundred (100) unused sick days, or more, may elect to sell back to the District up to eight (8) days of unused sick leave once annually. The amount will be calculated at fifty percent (50%) of the employee’s regular pay per day. The employee will receive this compensation in the form of a cash payout.
Sick Leave Sell Back. A. Any full-time employee who has accumulated and not used a minimum of 65% of the employee’s earned sick leave shall be eligible to sell back to the City not more than two (2) weeks of accumulated and unused sick leave per year. Any employee who is eligible to sell back sick leave under this section shall notify the City Finance Director by December 1 of each calendar year as to how much accumulated and unused sick leave, if any, the employee desires to sell back. The compensation for any such sick leave sold back to the City shall be paid to the employee by January 30 of the following year.
Sick Leave Sell Back. Effective January 1, 2001, for employees hired afterr to January 1, 2000 shall enjoy the following sick leave buyback: Sick Days Used Sick Days to be Sold Back Sick Days Accrued AMENDED BY JULY 31, 2000 LETTER
Sick Leave Sell Back. On or before February 15th of each year this MOU is in effect, eligible employees will be allowed to cash out up to five (5) days (40 hours) of sick leave per year, providing the employee has at least one hundred sixty (160) hours in their leave account after the sell back to be eligible. Employees must complete a sell back form, which must include the Department Head’s signature. Forms must be submitted to the Finance Department on or before February 15th each year. Payment for sick leave sell back will be paid (using current Council approved salary rates in the salary resolution) on the employees March payroll check.
Sick Leave Sell Back. In addition to the program above, an employee with twenty-three (23) or more years of service maintaining seventy percent (70%) of his earned sick leave may elect to sell back eighty (80) hours of sick leave earned during the previous year for a three (3) year period. The maximum sell back of sick leave shall not exceed two hundred forty (240) hours, and an employee electing this option shall not be eligible for the sick leave conversion payment in Article 00, Xxxx Xxxxx.
Sick Leave Sell Back. The County will allow employees with 10 years' continuous service to sell a portion of their accrued sick leave, up to $1,000, chargeable to their accrued sick leave, based on their hourly rate of pay. This option may be exercised every 5 years thereafter with the option of selling up to $500, chargeable to their accrued sick leave based on their hourly rate of pay, provided that a minimum of 80 hours of sick leave are retained in the bank following the sell back.
Sick Leave Sell Back. 1. Any full-time employee who has accumulated and not used either a minimum of sixty-five percent (65%) of the employee’s sick leave earned after January 1, 2007, or a minimum of sixty-five percent (65%) of the employee’s sick leave earned as of the employee’s date of employment with the City shall be eligible to sell back to the City not more than two (2) weeks of accumulated and unused sick leave per year commencing not more than five (5) years prior to when such employee is eligible for retirement under the retirement eligibility rules of the Ohio Public Employees' Retirement System (OPERS). Any employee who is eligible to sell back sick leave under this section shall notify the City Auditor by December 1 of each calendar year as to how much accumulated and unused sick leave, if any, the employee desires to sell back. The compensation for any such sick leave sold back to the City shall be paid to the employee by January 30 of the following year.
