TERMINAL PAY FOR UNUSED SICK DAYS Sample Clauses

TERMINAL PAY FOR UNUSED SICK DAYS. 1. The following provisions shall apply to all eligible non-teaching staff members. Rate will be pro-rated according to part-time employee’s contractual assignment. Employees hired on or after May 21, 2010 cannot receive more than $15,000 as terminal pay for unused sick days. There shall be a provision for terminal pay on the basis of sick leave wherein upon retirement from the district after at least ten (10) years of service, $60 (sixty dollars) per sick day shall be paid up to a maximum of one hundred twenty (120) days in the sick bank. Said payment should be made as soon as possible, but no later than 45 days from the last day of employment. However, the employee shall have the option of delay of receipt of the payment until the first payroll in January following the year of retirement. 2. The following provision shall apply to eligible teaching staff members: Employees hired on or after May 21, 2010 cannot receive more than $15,000 as terminal pay for unused sick days. All teachers who submit a letter of retirement to collect a T.P.A.F. pension shall be entitled to $120 (one hundred and twenty dollars) per day up to a maximum of three hundred (300) days if notice is given on or before March 15th. For notice given after March 15th, the payment is $90 (ninety dollars) per day. However, the employee shall have the option of delay of receipt of the payment until the first payroll in January following the year of retirement.
Sample 1Sample 2
TERMINAL PAY FOR UNUSED SICK DAYS. 1. The following provisions shall apply to all eligible non-teaching staff members (excluding part-time employees who work less than twenty hours per week). There shall be a provision for terminal pay on the basis of sick leave wherein upon retirement from the district after at least ten (10) years of service $30 (thirty dollars) 2002-2003; $35 (thirty-five dollars) 2003-2004; and $40 (forty dollars) 2004-2005 per sick day shall be paid up to a maximum of one hundred twenty (120) days in the sick bank. Said payment should be made as soon as possible, but no later than 45 days from the last day of employment. However, the employee shall have the option of delay of receipt of the payment until January 1 following the year of retirement. 2. The following provision shall apply to eligible teaching staff members: All teachers who submit a letter of retirement to collect a T.P.A.F. pension shall be entitled to $70 (seventy dollars) 2002-2003; $80 (eighty dollars) 2003-2004; and $90 (ninety dollars) 2004-2005 per day up to a maximum of three hundred (300) days if notice is given by March 15th. For notice given after March 15th, the payment is $60 (sixty dollars) per day. However, the employee shall have the option of delay of receipt of the payment until January 1 following the year of retirement.
Sample 1
TERMINAL PAY FOR UNUSED SICK DAYS. 1. The following provisions shall apply to all eligible non-teaching staff members. Rate will be pro-rated according to part-time employee’s contractual assignment. There shall be a provision for terminal pay on the basis of sick leave wherein upon retirement from the district after at least ten (10) years of service, $40 (forty dollars) per sick day shall be paid up to a maximum of one hundred twenty (120) days in the sick bank. Said payment should be made as soon as possible, but no later than 45 days from the last day of employment. However, the employee shall have the option of delay of receipt of the payment until the first payroll in January following the year of retirement. 2. The following provision shall apply to eligible teaching staff members: All teachers who submit a letter of retirement to collect a T.P.A.F. pension shall be entitled to $90 (ninety dollars) per day up to a maximum of three hundred (300) days if notice is given by March 15th. For notice given after March 15th, the payment is $60 (sixty dollars) per day. However, the employee shall have the option of delay of receipt of the payment until the first payroll in January following the year of retirement.
Sample 1
TERMINAL PAY FOR UNUSED SICK DAYS. 1. Any K-12 teacher who retires under the terms and conditions of Paragraphs A(1) and A(2) shall receive forty-five dollars ($45.00) additional terminal pay for each unused earned sick day up to one hundred forty-five (145) days at the time of retirement. Beginning with the 146th day, $10.00 per day will be paid. 2. Any adult education teacher who retires under the terms and conditions of Paragraphs A(1) and A(2) shall receive seven dollars and fifty cents ($7.50) additional terminal pay for each unused hour of sick leave up to three hundred (300) hours at the time of retirement.
Sample 1

Related to TERMINAL PAY FOR UNUSED SICK DAYS

  • Payment for Unused Sick Leave (a) An employee with less than ten (10) years of FIU service who separates from FIU shall not be paid for any unused sick leave. (b) An employee who has completed ten (10) or more years of FIU service, has not been found guilty or has not admitted to being guilty of committing, aiding, or abetting any embezzlement, theft, or bribery in connection with State government, or has not been found guilty by a court of competent jurisdiction of having violated any State law against or prohibiting strikes by public employees, and separates from FIU because of retirement for other than disability reasons, termination, or death, shall be compensated at the employee's current regular hourly rate of pay for one-eighth of all unused sick leave accrued prior to October 1, 1973, plus one- fourth of all unused sick leave accrued on or after October 1, 1973; provided that one-fourth of the unused sick leave since 1973 does not exceed 480 hours. The compensation in this paragraph 8(4)(b) shall not be given to an employee who starts employment at FIU on or after July 1, 2006. (c) Upon layoff, an employee with ten (10) or more years of FIU service shall be paid for unused sick leave as described in paragraph b., above, unless the employee requests in writing that unused sick leave be retained pending re-employment. For an employee who is re-employed by the University within twelve (12) calendar months following layoff, all unused sick leave shall be restored to the employee, provided the employee requests such action in writing and repays the full amount of any lump sum leave payments received at the time of layoff. An employee who is not re- employed within twelve (12) calendar months following layoff shall be paid for sick leave in accordance with this Policy. (d) All payments for unused sick leave shall be made in lump sum and shall not be used in determining the average final compensation of an employee in any State administered retirement system. An employee shall not be carried on the payroll beyond the last official day of employment, except that an employee who is unable to perform duties because of a disability may be continued on the payroll until all sick leave is exhausted. (e) If an employee has received a lump sum payment for accrued sick leave, the employee may elect in writing, upon re-employment within 100 days, to restore the employee's accrued sick leave. Restoration will be effective upon the repayment of the full lump sum leave payment. (f) In the event of the death of an employee, payment for unused sick leave at the time of death shall be made to the employee's beneficiary, estate, or as provided by law.

  • Unused Sick Leave The accrual of unused sick leave hours is unlimited. The City and the Union commit to the evaluation and establishment of a mutually beneficial non-use of sick leave incentive and pay-out policy. Until such time that a policy is established, accumulated sick leave shall be compensated as follows: Upon retirement from the City service, an employee shall be paid sixty percent (60%) of his accumulated sick leave, with the rate of payment based upon his regular pay at the time he retires. Upon the death of an employee, his beneficiary shall be paid sixty percent (60%) of his accumulated unused sick leave, with the payment based upon his regular pay at the date of his death.

  • Unused Facility Fee A quarterly Unused Facility Fee equal to one quarter of one percent (0.25%) per annum of the difference between the Revolving Line and the average outstanding principal balance of Advances during the applicable quarter, which fee shall be payable within five (5) days of the last day of each such quarter and shall be nonrefundable; and

  • Time Off in Lieu of Overtime Employees who work overtime will not be required to take time off in regular hours to make up for overtime worked. Time off in lieu may be taken on a mutually agreed upon basis between the employee and the Hospital, such time off will be the equivalent of the premium rate the employee has earned for working overtime. The Hospital shall revert to payment of premium rate if time off is not taken within sixty (60) calendar days."

  • Holiday Falling on a Scheduled Workday An Employee who works on a designated holiday which is a scheduled workday shall be compensated at the rate of double time for hours worked, plus a day off in lieu of the holiday; except for Christmas and New Year's when the compensation shall be at the rate of double time and one-half (2½) for hours worked, plus a day off subject to this Agreement.

  • Unused Revolving Line Facility Fee A fee (the “Unused Revolving Line Facility Fee”), payable quarterly, in arrears, on a calendar year basis, in an amount equal to one quarter of one percent (0.25%) per annum of the average unused portion of the Revolving Line, as determined by Bank. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement or the suspension or termination of Bank’s obligation to make loans and advances hereunder; and

  • Facility Fee The Company shall pay to the Administrative Agent for the account of each Lender in accordance with its Applicable Percentage, a facility fee, in Dollars, equal to the Applicable Rate for facility fees times the actual daily amount of the Aggregate Commitments (or, if the Aggregate Commitments have terminated, on the Outstanding Amount of all Committed Loans, Swing Line Loans and L/C Obligations), regardless of usage, subject to adjustment as provided in Section 2.18. The facility fee shall accrue at all times during the Availability Period (and thereafter so long as any Committed Loans, Swing Line Loans or L/C Obligations remain outstanding), including at any time during which one or more of the conditions in Article IV are not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the last day of the Availability Period (and, if applicable, thereafter on demand). The facility fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate for facility fees during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate for facility fees separately for each period during such quarter that such Applicable Rate for facility fees was in effect.

  • MEAL PERIODS AND REST BREAKS 4.1 Except when required for urgent or emergency work and except as provided in 4.2 no employee shall be required to work for more than five hours continuously without being allowed a meal break of not less than half an hour. 4.2 An employee unable to be relieved from work for a meal break shall be allowed to have a meal on duty and this period shall be regarded as working time. 4.3 Except where provided for in 4.2 an employee unable to take a meal after five hours’ duty shall be paid at overtime rates from the expiry of five hours until the time when a meal can be taken. 4.4 During the meal break or rest breaks prescribed above, free tea, coffee, milk and sugar shall be supplied by the employer. Where it is impractical to supply tea, coffee, milk and sugar free of charge, an allowance of $1.48 per week in lieu shall be paid. This allowance shall continue during all periods of leave except leave without pay. 4.5 Rest breaks of 10 minutes each for morning tea, afternoon tea or supper, where these occur during duty, shall be allowed as time worked.

  • Holiday Coinciding with a Day of Vacation Where an employee is on vacation leave and a day of paid holiday falls within that period, the paid holiday shall not count as a day of vacation.

  • Vacation Leave Accrual Rate Schedule Full Years of Service Hours Per Year