Common use of Sick Leave Sell Back Clause in Contracts

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. 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 employee’s 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 employee’s 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.