Common use of UNUSED SICK LEAVE PAY Clause in Contracts

UNUSED SICK LEAVE PAY. Commencing with the employee’s second (2nd) and succeeding anniversary dates of employment, any sick leave not utilized by the employee during the anniversary year shall accumulate to a maximum of two hundred forty (240) hours. Earned sick leave hours in excess of two hundred forty (240) will be paid out annually on the employee’s anniversary date. All accumulated sick leave shall be available for use by employees who are unable to work because of illness or injury as specified in Paragraph 10 (A) of this Article. Employees who retire from the company will receive a payout of all accumulated sick leave hours. For purposes of this Article in regard to the payment of unused sick leave pay, “retirement” shall apply to an associate who is at least 50 years old, has at least 5 years of continuous service with the Employer, immediately qualifies for a pension under the Southern California UFCW and Drug Employers Pension Plan and advises the Employer, in writing, at least 14 days in advance, that the employee is retiring. For stores that become represented by the Union for purposes of collective bargaining and recognized by the Company as such and covered by this Agreement after December 31, 2012, in accordance with Article 10(B), employees will be credited with sick leave based on the following formula: forty-eight (48) hours for the employee’s anniversary year in which the store is covered by this Agreement minus sick hours taken in the same anniversary year. For example, an employee who used twenty-four (24) hours of sick leave during the anniversary year would have twenty-four (24) hours remaining in the sick leave bank.

UNUSED SICK LEAVE PAY. Commencing with the employee’s second (2nd) and succeeding anniversary dates of employment, any sick leave not utilized by the employee during the anniversary year shall accumulate to a maximum of two hundred forty (240) hours. Earned sick leave hours in excess of two hundred forty (240) will be paid out annually on the employee’s anniversary date. All accumulated sick leave shall be available for use by employees who are unable to work because of illness or injury as specified in Paragraph 10 (A) of this Article. Employees who retire from the company will receive a payout of all accumulated sick leave hours. For purposes of this Article in regard to the payment of unused sick leave pay, “retirement” shall apply to an associate who is at least 50 years old, has at least 5 years of continuous service with the Employer, immediately qualifies for a pension under the Southern California UFCW and Drug Employers Pension Plan and advises the Employer, in writing, at least 14 days in advance, that the employee is retiring. For stores that become represented by the Union for purposes the purpose of collective bargaining and recognized by the Company as such and covered by this Agreement after December 31, 2012, in accordance with Article 10(B), employees will be credited with sick leave based on the following formula: forty-eight (48) hours for the employee’s anniversary year in which the store is covered by this Agreement minus sick hours taken in the same anniversary year. For example, an employee who used twenty-four (24) hours of sick leave during the anniversary year would have twenty-four (24) hours remaining in the sick leave bank.