Xxxx Leave Buy Back. Employees returning from medically caused leaves of absence may, with the approval of the General Manager or designee, "buy back" sick leave time used as a result of the medical condition causing the leave of absence. Such sick leave can be bought back by the employee reimbursing the Agency in full for the compensation which the Agency paid to the employee for the time the employee was absent during such sick leave.
Xxxx Leave Buy Back. To encourage and reward employees who maintain good job attendance, the parties agree to the following incentive award: Non-year round employees who utilize two (2) sick leave days or less during each assigned school calendar year and year-round employees who utilize three (3) sick leave days or less during each assigned school calendar year - upon request – receive payment for up to eight (8) days of sick leave, provided the employee worked the full assigned calendar year. The following procedures apply to the payment of sick leave under this section.
Xxxx Leave Buy Back. Employees may cash in unused sick leave above an accumulation of sixty (60) days from the previous year’s accumulation, at a ratio of one full day’s monetary compensation for four (4) accumulated sick leave days. At the employee’s option, they can cash-out their unused sick leave days in January of the school year following any year in which a minimum of sixty (60) days of sick leave is accrued and each January thereafter, at the rate equal to one day’s monetary compensation of the employee for each four (4) full days of accrued sick leave. The employee’s sick leave accumulation shall be reduced four (4) days for each day compensated. No employee may receive compensation for sick leave accumulated in excess of one day per month. At the time of separation from school district employment due to retirement* or death, an eligible employee or the employee’s estate shall receive remuneration at a rate equal to one (1) day’s current monetary compensation of employee for each four (4) days accrued sick leave for illness or injury. (RCW 28A.400.210) *For the purpose of this provision, retirement shall be defined as when an employee is eligible to receive benefits under Washington State Teachers Retirement System (WSTRS).
Xxxx Leave Buy Back. 1. An employees who notifies the Board in writing six (6) months prior to the date, and actually files a retirement paper with the New Jersey State Retirement System, shall be entitled to receive Terminal Leave compensation. To qualify for the compensation, the employee must have a minimum of ten (10) years consecutive employment as a full-time contractual employee.
Xxxx Leave Buy Back. The Board of Education will buy back unused sick leave at the first level of the substitute daily pay schedule rate per day up to 36 days. This applies to any employee who leaves the District after at least 15 years of consecutive service who notifies the District of their decision to leave by February
Xxxx Leave Buy Back. In recognition of dedicated service to the children of Amesbury, any employee covered by this agreement that has taught for twenty (20) years in the Amesbury school system (or 30 years total teaching, the last fifteen (15) of which have been consecutive in the Amesbury school system), may obtain an increase in compensation in the final year of teaching/nursing by following the established procedure. Eligible employees who desire to participate in this program will notify the Superintendent of their intention to retire by December 15 of the calendar year prior to the school year in which they intend to retire. If such notice is submitted in writing by December 15, then at the conclusion of the final year of teaching/nursing, all accumulated sick leave shall be eliminated and in lieu thereof the employee shall receive a lump sum payment in the amount of seventy-five percent (75%) of the current teacher or nurse substitute pay per day for each sick leave day surrendered, subject to the cap set forth below. The above benefits shall be paid to the estate of any employee who dies during the final year of teaching. It is understood that the giving of a notice of intent to retire pursuant to this provision is irrevocable, and the employee giving such notice shall be required to retire at the conclusion of the next school year following the school year in which the notice of intent to retire is given, except if significant changes in the employee’s family or personal life require the employee to continue teaching/nursing. The amount of sick leave buy back paid to an employee shall be capped at $10,000.
Xxxx Leave Buy Back. Any member of the unit who retires or the estate of any member who dies during the term of this contract shall be compensated for each day of unused sick leave according to the following schedule: Rate per Day 1-50 days $20.00 51-99 days $30.00 100+ days 50% of per diem rate in the year of retirement or death. For all members of the unit hired before September 1, 2009, the maximum number of accumulated sick days for which sick leave buyback will be permitted is 450 (four hundred fifty). For any member of the unit hired on or after September 1, 2009, the maximum number of accumulated sick days for which sick leave buyback will be permitted is 400 (four hundred).
Xxxx Leave Buy Back. A confidential employee who plans on retiring will receive sick leave buy back pay based upon $20.00 per day for each day of unused sick leave if the confidential employee notifies his/her supervisor of their intent to retire in writing by March 1 (if retiring at the end of a school year), or at least 90 calendar days in advance of their last scheduled work day. Payment will be made into a tax sheltered annuity plan. The tax sheltered annuity must be set up on or before the individual’s retirement date. The deposit will be made with the June 30 payroll process, or final payroll process if the retirement is mid-year. Upon approval from the Superintendent, the 90-calendar-day advance notice may be waived due to mitigating circumstances. The final determination will not be precedent setting, or subject to the grievance process.
Xxxx Leave Buy Back. 1. By March 1st of any year, individual faculty members may trade their accumulated sick leave days in excess of 100, to a maximum of 20, into a non- elective employer 403-b contribution. The value of each traded sick leave day shall be $100. The faculty member must provide in writing to the District the number of sick leave days to be traded. The district upon receipt of the written election shall deduct the days from the faculty member’s accumulated sick leave and make the non-elective employer contribution into the 403-b account no later than July 1st of the same calendar year.
Xxxx Leave Buy Back. At the end of each school year, each certified instructor will be paid 33% (rounded to nearest dollar) of daily substitute pay for each sick day they have in excess of the 45 possible carry over sick days. Unused personal days (limit:3) will convert to sick days, and will be eligible for buy back Sick Leave Negotiated: 8/01 Revised: 12/19
