Common use of Unused Sick Leave Clause in Contracts

Unused Sick Leave. Upon retirement under the Company's retirement plan or upon termination (except for cause) while retirement eligible, employees will receive payment for fifty percent (50%) of their unused sick leave balance account hours remaining on the date of termination. If eligible for payment, one half of the Current Sick Leave Balance remaining after current year usage will be moved to the Unused Sick Leave Balance account and paid as defined above. Such hours will be paid at the employee’s then-current base rate, subject to a maximum rate that is established from time-to-time by the Company for all salaried employees.

Appears in 5 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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Unused Sick Leave. Upon retirement under the Company's retirement plan or upon termination (except for cause) while retirement eligible, eligible employees will receive payment for fifty percent (50%) of their unused sick leave balance account hours remaining on the date of termination. If eligible for payment, one half of the Current Sick Leave Balance remaining after current year usage will be moved to the Unused Sick Leave Balance account and paid as defined above. Such hours will be paid at the employee’s then-current base rate, subject to a maximum rate that is established from time-to-time by the Company for all salaried employees.

Appears in 3 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

Unused Sick Leave. Upon retirement under the Company's retirement plan or upon termination (except for cause) while retirement eligible, employees will receive payment for fifty percent (50%) of their unused sick leave balance account hours remaining on the date of termination. If eligible for payment, one half of the Current Sick Leave Balance remaining after current year usage will be moved to the Unused Sick Leave Balance account and paid as defined above. Such hours will be paid at the employee’s then-current base rate, subject to a maximum rate that is established from time-to-time by the Company for all salaried employees.the

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

Unused Sick Leave. Upon retirement under the Company's ’s retirement plan or upon termination (except for cause) while retirement eligible, employees will receive payment for fifty percent (50%) of their unused sick leave balance account hours remaining on the date of termination. 1 If eligible for payment, one half of the Current Sick Leave Balance remaining after current year usage 2 will be moved to the Unused Sick Leave Balance account and paid as defined above. Such hours will 3 be paid at the employee’s then-current base rate, subject to a maximum rate that is established from 4 time-to-time by the Company for all salaried employees.. 5

Appears in 1 contract

Samples: Collective Bargaining Agreement

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Unused Sick Leave. Upon retirement under the Company's ’s retirement plan or upon 27 termination (except for cause) while retirement eligible, employees will receive payment for fifty percent 28 (50%) of their unused sick leave balance account hours remaining on the date of termination. If eligible 29 for payment, one half of the Current Sick Leave Balance remaining after current year usage will be moved 30 to the Unused Sick Leave Balance account and paid as defined above. Such hours will be paid at the 31 employee’s then-current base rate, subject to a maximum rate that is established from time-to-time by 32 the Company for all salaried employees.. 33 34 35 ARTICLE 7

Appears in 1 contract

Samples: Collective Bargaining Agreement

Unused Sick Leave. Upon retirement under the Company's ’s retirement plan or upon 29 termination (except for cause) while retirement eligible, employees will receive payment for fifty percent 30 (50%) of their unused sick leave balance account hours remaining on the date of termination. If eligible 31 for payment, one half of the Current Sick Leave Balance remaining after current year usage will be moved 32 to the Unused Sick Leave Balance account and paid as defined above. Such hours will be paid at the 33 employee’s then-current base rate, subject to a maximum rate that is established from time-to-time by 34 the Company for all salaried employees.. 35 36 37 38 ARTICLE 7 39 HOLIDAYS

Appears in 1 contract

Samples: Collective Bargaining Agreement

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