Common use of Sick Leave Sell Back Clause in Contracts

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. b. At the time of separation from District employment due to retirement or death, remuneration shall be granted at a rate equal to one (1) day’s current compensation for each four (4) days of accrued sick leave. For the purpose of remuneration at retirement or death, total accrued sick leave shall be limited to 180 days.

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. b. At the time of separation from District employment due to retirement or death, remuneration shall be granted at a rate equal to one (1) day’s current compensation for each four (4) days of accrued sick leave. For the purpose of remuneration at retirement or death, total accrued sick leave shall be limited to 180 days.

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. b. At the time of separation from District employment due to retirement or death, remuneration shall be granted at a rate equal to one (1) day’s current compensation for each four (4) days of accrued sick leave. For the purpose purposes of remuneration at retirement or death, total accrued sick leave shall be limited to 180 days.