Sick Leave Upon Separation Clause Samples
The 'Sick Leave Upon Separation' clause defines how accrued but unused sick leave is handled when an employee leaves a company. Typically, this clause specifies whether employees are entitled to payment for unused sick leave upon resignation, retirement, or termination, and may outline any exceptions or conditions, such as minimum service requirements or exclusions for certain types of separation. Its core function is to clarify the employer's obligations regarding sick leave balances at the end of employment, thereby preventing disputes and ensuring both parties understand their rights and responsibilities.
Sick Leave Upon Separation. No compensation for unused sick leave hours shall be allowed upon separation except as provided in the applicable provisions of the Public Employees Retirement Act. Upon separation, if an employee has used sick leave in excess of the amount accrued, the equivalent dollar amount will be deducted from the final paycheck.
Sick Leave Upon Separation. Unused sick leave shall not be paid upon separation of employment.
Sick Leave Upon Separation. When an employee leaves the employment of the District, the employee shall receive compensation for a percentage of the sick leave that has been accrued depending on length of service. Payout is based on the following schedule: Length of Service Percentage to be paid out 5 - 10 Years 30% of all sick leave accrued 11 - 19 Years 40% of all sick leave accrued 20 + Years 50% of all sick leave accrued • Part-time employees shall be granted thirty-two (32) hours of paid leave annually, on their anniversary date. The time must be used in whole-hour increments and the leave is only paid when a written request is submitted to the appropriate supervisor and the supervisor approves of the leave time being taken.
Sick Leave Upon Separation. With a minimum of six (6) months’ notice, at retirement, employees with more than fifteen (15) years of service who resign, retire, or become deceased will be compensated $50.00 for each day (8.0 hours) of accrued sick leave, up to a maximum of 100 days (800 hours), or $5,000.
Sick Leave Upon Separation. 1) Employees who leave City employment in good standing after five (5) years of continuous service (other than retirement), shall be paid at time of termination for twenty-five percent (25%) of the employee’s unused grandfathered sick leave bank. There is no cash value to regular sick leave bank.
2) For Employees hired on or before December 31, 2010, and who retire from the City after five (5) years of continuous service in good standing may, on a one (1) time basis, exercise the option to have ninety (90%) percent of their unused grandfathered sick leave, up to two thousand (2,000) hours, converted to retiree medical program as described in Article 33 Retiree Health Program.
Sick Leave Upon Separation. 13.9.3.1 At the time of an employee's retirement from the City, employees with continuous city employment of ten (10) years or more shall be eligible to receive a payment into a qualified Retirement Health Savings plan established by the City or as allowed into a qualified Retirement Medical Trust designated by the Association of 25% of the unused sick leave in the sick leave bank at the employee's then rate of compensation. Employees with continuous city employment of fifteen (15) years or more shall be eligible to receive payment into a qualified Retirement Health Savings plan designated by the City or as allowed into a qualified Retirement Medical Trust designated by the Association for 50% of the unused sick leave in the sick leave bank. Employees with continuous city employment of twenty
Sick Leave Upon Separation a) An employee not eligible to retire under their retirement program who has twenty (20) years of compensated full-time service at the College and who separates shall be entitled to a lump sum payment equal to the dollar value of fifty percent (50%) of their accumulated sick leave provided the separation is due to reasons other than cause.
b) An employee not eligible to retire under their retirement program who has twenty (20) years of compensated full-time service at the College in lieu of the lump sum payment above outlined may at their option, make an irrevocable election to have the sum to which entitled upon separation as set forth in the above paragraph credited to an account for the payment of their premium cost of the College health insurance plan following resignation under the same terms and conditions as provided for retirees, provided the separation is due to reasons other than cause..