Sick Time Payout Sample Clauses

Sick Time Payout. Years of service for this section shall be determined by the bargaining unit member’s current hire date.
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Sick Time Payout. Members who have worked at Oakland University for thirty (30) years or more at the time of their separation from the University will receive one hundred percent (100%) pay out of their unused sick leave as of the effective date of separation but not to exceed a maximum of eight hundred (800) hours. They do not have to be sixty-five (65) years of age. Any employee hired after February 5, 2001 shall not be eligible for a sick time pay out. Employees meeting the foregoing conditions who are terminating their employment with the University between the first through the fifteenth day of the month will receive one-half (1/2) of that month’s sick leave accrual rounded to the nearest whole hour, and employees terminating between the sixteenth and the last day of the month will receive all of that month’s accrual.
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Sick Time Payout. Years of service for this section shall be determined by hire date combining all BSO time, any Contract City time, and any time on the DROP Plan.
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Sick Time Payout. 1. Upon resignation, retirement, or termination due to privatization/outsourcing of the employee, beginning with the 25th month of service, the Employer shall pay 25% of all unused sick leave, computed according to the pay rate at the time of resignation or retirement.
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Sick Time Payout. Employees who retire, or in case of death, his family, shall be paid one-half (~) his accumulated sick leave to a maximum of sixty (60) days. •
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Sick Time Payout. X. Xxxx time payout: Employees shall be paid for a percentage of his/her accumulated hours according to the schedule below at his/her then current hourly rate upon retirement or death: 1-500 20% 501-1000 30% 1001-1500 40% 1501-2000 50% 2001-2500 60% 2501+ 70% Employees hired before July 1, 2008 will receive a minimum of 50%. Employees hired on or after July 1, 2012 shall be paid for a maximum 50% percent of accumulated hours at his/her current hourly rate upon retirement or death.
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Sick Time Payout 
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Related to Sick Time Payout

  • Sick Leave Payout No cash payment for unused sick leave will be paid to any employee leaving the service of the Employer.

  • Vacation Payout Where an employee requests in writing to have a specific number of vacation days paid out, and the Employer agrees to the request, the Employer will issue pay in lieu of vacation. Pay in lieu of vacation, if agreed, will be granted only after a minimum of 15 days' vacation time has already been taken in the year.

  • Vacation Allowance Employees in permanent positions are entitled to vacation with pay. Accrual is based upon straight time hours of working time per calendar month of service and begins on the date of appointment to a permanent position. Increased accruals begin on the first of the month following the month in which the employee qualifies. Accrual for portions of a month shall be in minimum amounts of one (1) hour calculated on the same basis as for partial month compensation pursuant to Section 5.6 of this MOU. Vacation credits may be taken in one (1) minute increments but may not be taken during the first six (6) months of employment (not necessarily synonymous with probationary status) except where sick leave has been exhausted; and none shall be allowed in excess of actual accrual at the time vacation is taken.

  • Final Compensation Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS prior to January 15, 2011, is based on the highest average monthly pay rate during twelve (12) consecutive months of employment. Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS on or after January 15, 2011, is based on the highest average monthly pay rate during thirty-six (36) consecutive months of employment.

  • Sick Leave Bonus For every six (6) months of perfect sick leave attendance after July 1, 1987, the employee will receive eight (8) hours of bonus time. This bonus time will be prorated for part-time employees. Such bonus time can be used for any leave purpose covered by this Agreement. Such bonus time shall be counted as vacation leave credits for purposes of determining eligibility for carry- over and cash payments.

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