Common use of Termination Sick Leave Cash Out Clause in Contracts

Termination Sick Leave Cash Out. Upon resignation with proper notice, available accrued sick leave hours will be cashed out according to the following schedule: Available Accrued Sick Leave Time Partial Percent Pay Out 0 to 279 Hours No pay out 280 but less than 559 0 hours + 30% of hours over 280 Over 560 but less than 839 84 hours + 40% of hours over 560 Over 840 to maximum of 1040 196 hours + 50% of hours over 840

Appears in 4 contracts

Samples: Extension Agreement, Agreement, Extension Agreement

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