Common use of Terminal Sick Leave Pay Clause in Contracts

Terminal Sick Leave Pay. A. Terminal pay for accumulated sick leave will be in accordance with the following schedule. If termination of employment is by death of the employee, any terminal pay to which the employee is entitled shall be made to the beneficiary as identified with the Florida retirement system or other beneficiary identified to the School Board by the Employee. 1. During the first three (3) years of service in Volusia County, the hourly rate of pay multiplied by thirty-five percent (35%) times the number of hours of accumulated sick leave. 2. During the next three (3) years of service in Volusia County, the hourly rate of pay multiplied by forty percent (40%) times the number of hours accumulated sick leave. 3. During the next three (3) years of service in Volusia County, the hourly rate of pay multiplied by forty-five percent (45%) times the number of hours of accumulated sick leave. 4. During and after the tenth (10th) year of service in Volusia County, the hourly rate of pay multiplied by fifty percent (50%) times the number of hours of accumulated sick leave. 5. For retirement or death, terminal pay during or after the thirteenth (13th) year of service in Volusia County will be at the hourly rate of pay multiplied by one hundred percent (100%) times the number of hours of accumulated sick leave. 6. Employees participating in the Deferred Retirement Option Program (DROP) shall be permitted to receive the terminal sick leave pay for which they are eligible at the time they enter the program. Such payment(s) shall be paid into the tax deferral plan as required by paragraph 7 below. Such payment shall be limited to twenty percent (20%) of the sick leave accumulated at the time the employee enters DROP such percentage being paid in each year the employee is in the program, with any balance being due upon actual retirement. 7. Terminal sick leave pay shall be paid into a tax deferral plan adopted by the school board, and shall then be paid to the employee in accordance with the terms of such plan. B. Upon written request, an employee will receive an annual payment for accumulated sick leave that is earned for that year and that is unused at the end of the employee's work year according to the following schedule: 1. During the first three (3) years of service in Volusia County, the hourly rate of pay multiplied by sixty-five percent (65%) times the number of eligible hours of sick leave. 2. During the next three (3) years of service in Volusia County, the hourly rate of pay multiplied by seventy percent (70%) times the number of eligible hours of sick leave. 3. During the next three (3) years of service in Volusia County, the hourly rate of pay multiplied by seventy-five percent (75%) times the number of eligible hours of sick leave. 4. During the tenth and beyond years of service in Volusia County, the hourly rate of pay multiplied by eighty percent (80%) times the number of eligible hours of sick leave. Hours for which such payment is received will be deducted from the accumulated leave balance.

Terminal Sick Leave Pay. A. Terminal pay for accumulated sick leave will be in accordance with the following schedule. If termination of employment is by death of the employee, any terminal pay to which the employee is entitled shall be made to the beneficiary as identified with the Florida retirement system or other beneficiary identified to the School Board by the Employee. 1. During the first three (3) years of service in Volusia County, the hourly rate of pay multiplied by thirty-five percent (35%) times the number of hours of accumulated sick leave. 2. During the next three (3) years of service in Volusia County, the hourly rate of pay multiplied by forty percent (40%) times the number of hours accumulated sick leave. 3. During the next three (3) years of service in Volusia County, the hourly rate of pay multiplied by forty-five percent (45%) times the number of hours of accumulated sick leave. 4. During and after the tenth (10th) year of service in Volusia County, the hourly rate of pay multiplied by fifty percent (50%) times the number of hours of accumulated sick leave. 5. For retirement or death, terminal pay during or after the thirteenth (13th) year of service in Volusia County will be at the hourly rate of pay multiplied by one hundred percent (100%) times the number of hours of accumulated sick leave. 6. Employees participating in the Deferred Retirement Option Program (DROP) shall be permitted to receive the terminal sick leave pay for which they are eligible at the time they enter the program. Such payment(s) shall be paid into the tax deferral plan as may be required by paragraph 7 below. Such payment shall be limited to twenty percent (20%) of the sick leave accumulated at the time the employee enters DROP such percentage being paid in each year the employee is in the program, with any balance being due upon actual retirement. 7. Terminal sick leave pay shall be paid into a tax deferral plan adopted by the school board, and shall then be paid to the employee in accordance with the terms of such plan. B. Upon written request, an employee will receive an annual payment for accumulated sick leave that is earned for that year and that is unused at the end of the employee's work year according to the following schedule: 1. During the first three (3) years of service in Volusia County, the hourly rate of pay multiplied by sixty-five percent (65%) times the number of eligible hours of sick leave. 2. During the next three (3) years of service in Volusia County, the hourly rate of pay multiplied by seventy percent (70%) times the number of eligible hours of sick leave. 3. During the next three (3) years of service in Volusia County, the hourly rate of pay multiplied by seventy-five percent (75%) times the number of eligible hours of sick leave. 4. During the tenth and beyond years of service in Volusia County, the hourly rate of pay multiplied by eighty percent (80%) times the number of eligible hours of sick leave. Hours for which such payment is received will be deducted from the accumulated leave balance.

Terminal Sick Leave Pay. A. Terminal pay for accumulated sick leave will be in accordance with the following schedule. If termination of employment is by death of the employee, any terminal pay to which the employee is entitled shall be made to the beneficiary as identified with the Florida retirement system or other beneficiary identified to the School Board by the Employee. 1. During the first three (3) years of service in Volusia County, the hourly rate of pay multiplied by thirty-five percent (35%) times the number of hours of accumulated sick leave. 2. During the next three (3) years of service in Volusia County, the hourly rate of pay multiplied by forty percent (40%) times the number of hours accumulated sick leave. 3. During the next three (3) years of service in Volusia County, the hourly rate of pay multiplied by forty-five percent (45%) times the number of hours of accumulated sick leave. 4. During and after the tenth (10th) year of service in Volusia County, the hourly rate of pay multiplied by fifty percent (50%) times the number of hours of accumulated sick leave. 5. For retirement or death, terminal pay during or after the thirteenth (13th) year of service in Volusia County will be at the hourly rate of pay multiplied by one hundred percent (100%) times the number of hours of accumulated sick leave. 6. Employees participating in the Deferred Retirement Option Program (DROP) shall be permitted to receive the terminal sick leave pay for which they are eligible at the time they enter the program. Such payment(s) shall be paid into the tax deferral plan as may be required by paragraph 7 below. Such payment shall be limited to twenty percent (20%) of the sick leave accumulated at the time the employee enters DROP such percentage being paid in each year the employee is in the program, with any balance being due upon actual retirement. 7. Terminal sick leave pay shall be paid into a tax deferral plan adopted by the school board, and shall then be paid to the employee in accordance with the terms of such plan. B. Upon written request, an employee will receive an annual payment for accumulated sick leave that is earned for that year and that is unused at the end of the employee's work year according to the following schedule: 1. During the first three (3) years of service in Volusia County, the hourly rate of pay multiplied by sixtythirty-five percent (6535%) times the number of eligible hours of sick leave. 2. During the next three (3) years of service in Volusia County, the hourly rate of pay multiplied by seventy forty percent (7040%) times the number of eligible hours of sick leave. 3. During the next three (3) years of service in Volusia County, the hourly rate of pay multiplied by seventyforty-five percent (7545%) times the number of eligible hours of sick leave. 4. During the tenth and beyond next three (3) years of service in Volusia County, the hourly rate of pay multiplied by eighty fifty percent (8050%) times the number of eligible hours of sick leave. Hours for which such payment is received will be deducted from the accumulated leave balance.

Terminal Sick Leave Pay. A. Terminal pay for accumulated sick leave will be in accordance with the following schedule. If termination of employment is by death of the employee, any terminal pay to which the employee is entitled shall be made to the beneficiary as identified with the Florida retirement system or other beneficiary identified to the School Board by the Employee. 1. During the first three (3) years of service in Volusia County, the hourly rate of pay multiplied by thirty-five percent (35%) times the number of hours of accumulated sick leave. 2. During the next three (3) years of service in Volusia County, the hourly rate of pay multiplied by forty percent (40%) times the number of hours accumulated sick leave. 3. During the next three (3) years of service in Volusia County, the hourly rate of pay multiplied by forty-five percent (45%) times the number of hours of accumulated sick leave. 4. During and after the tenth (10th) year of service in Volusia County, the hourly rate of pay multiplied by fifty percent (50%) times the number of hours of accumulated sick leave. 5. For retirement or death, terminal pay during or after the thirteenth (13th) year of service in Volusia County will be at the hourly rate of pay multiplied by one hundred percent (100%) times the number of hours of accumulated sick leave. 6. Employees participating in the Deferred Retirement Option Program (DROP) shall be permitted to receive the terminal sick leave pay for which they are eligible at the time they enter the program. Such payment(s) shall be paid into the tax deferral plan as may be required by paragraph 7 below. Such payment shall be limited to twenty percent (20%) of the sick leave accumulated at the time the employee enters DROP such percentage being paid in each year the employee is in the program, with any balance being due upon actual retirement. 7. Terminal sick leave pay shall be paid into a tax deferral plan adopted by the school board, and shall then be paid to the employee in accordance with the terms of such plan. B. Upon written request, an employee will receive an annual payment for accumulated sick leave that is earned for that year and that is unused at the end of the employee's work year according to the following schedule: 1. During the first three (3) years of service in Volusia County, the hourly rate of pay multiplied by sixty-five percent (65%) times the number of eligible hours of sick leave. 2. During the next three (3) years of service in Volusia County, the hourly rate of pay multiplied by seventy percent (70%) times the number of eligible hours of sick leave. 3. During the next three (3) years of service in Volusia County, the hourly rate of pay multiplied by seventy-five percent (75%) times the number of eligible hours of sick leave. 4. During the tenth and beyond years of service in Volusia County, the hourly rate of pay multiplied by eighty percent (80%) times the number of eligible hours of sick leave. Hours for which such payment is received will be deducted from the accumulated leave balance.