Unused Sick Leave Benefits Sample Clauses

Unused Sick Leave Benefits. The unused sick leave benefit shall be based on the applicant's current base contract salary. The applicant will receive 50% of the value of his/her unusedsick leave for faculty with 25 or more years of full time service, 40% for faculty with 20-24 years of full time service, and 30% for faculty with 15-20 years of full time service, subject to a maximum of thirty (30) days. Payment will be paid on a special payroll on the first of the month following retirement of an eligible faculty member. Prior to April 1st, the College President and/or Business Officer shall calculate and determine the payment for unused sick leave for retirement costs for the coming school year. For the purpose of such calculations, it shall be assumed that such employee will retire as of July 1st of the current calendar year. This calculation will be based upon the specified value of the applicant’s unused sick leave, subject to a maximum of thirty (30) days.
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Related to Unused Sick Leave Benefits

  • 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.

  • Sick Leave Benefit There are two types of sick leave benefits. Annual sick leave is the sick leave days credited each year to each employee in accordance with the provisions of the local collective bargaining agreements. Banked sick leave is previously accumulated unused sick leave to which unused annual sick leave may be added at the end of each anniversary year.

  • Sick Leave Benefits Sick leave is an indemnity benefit and not an acquired right. A Nurse who is absent from a scheduled shift on approved sick leave shall only be entitled to sick leave pay if the Nurse is not otherwise receiving pay for that day, and providing the Nurse has sufficient sick leave credits.

  • Accrued Sick Leave The Board shall provide all employees with a cumulative record 23 of accrued sick leave hours on each pay statement.

  • Compensation for Unused Sick Leave 1. Employees who enter County service after July 1, 1979, shall not be eligible for compensation for any of their unused sick leave credits.

  • Leave Benefits Paid leave is available to the Superintendent when the following specific conditions are met: (1) the Superintendent is currently employed by the District and (2) the paid leave day is taken on a day Superintendent would otherwise be expected to be at work.

  • Accrued 100% sick leave The use of sick leave under this subsection is at the employee's discretion.

  • 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.

  • Sick Leave Allowance Faculty with a full-time assignment shall accrue sick leave at the rate of eight

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