Common use of Year-End Bank Status Clause in Contracts

Year-End Bank Status. If at the end of each fiscal year the remaining number of days in the Bank exceeds one hundred percent (100%) of the number of the ESSA bargaining unit members who are members of the Sick Leave Bank, only newly hired employees will be permitted to transfer leave to the Bank after the 30th calendar day of initial employment. Employees will be permitted to transfer up to five (5) days of sick leave to the Sick Leave Bank upon retirement or resignation.

Appears in 4 contracts

Samples: Negotiated Agreement, Negotiated Agreement, Negotiated Agreement

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