Sick Leave Cash Out. Eligible employees may elect to receive monetary compensation for accrued sick leave as follows: In January of each year an employee whose sick leave balance at the end of the previous year exceeds four hundred eighty (480) hours may elect to convert the sick leave hours earned in the previous calendar year, minus those hours used during the year, to monetary compensation. No sick leave hours may be converted which would reduce the calendar year end balance below four hundred eighty (480) hours. Monetary compensation shall be paid at the rate of twenty-five percent and shall be based on the employee’s current salary. All converted hours will be deducted from the sick leave balance. Employees who separate from University service due to retirement or death shall be compensated for the unused sick leave accumulation from the date of most recent hire in a leave eligible position with the State of Washington at the rate of 25%. Compensation shall be based upon the employee’s wage at the time of separation. For the purpose of this section, retirement shall not include vested out of service employees who leave funds on deposit with the retirement system. Former eligible employees who are re-employed within three (3) years of their separation from service shall be granted all unused sick leave credits, if any, to which they are entitled at time of separation.
Sick Leave Cash Out. (1) Employees shall be eligible to receive monetary compensation for accrued sick leave as follows:
Sick Leave Cash Out. (A) Employees may cash in unused sick leave days above an accumulation of sixty (60) days at a ratio of one full day's monetary compensation for four (4) accumulated sick leave days. At the employee's option, he/she may cash-out unused sick leave days in January of the school year following any year in which more than sixty (60) days of sick leave is accrued and each January thereafter, at a rate equal to one day's monetary compensation of the employee for each four
Sick Leave Cash Out. A. In January any employee who at the end of the immediate previous calendar year shall have accumulated in excess of sixty (60) days of unused sick leave may elect to convert unused sick leave earned, but unused the previous year in excess of sixty (60) days to monetary compensation at the rate of twenty-five percent (25%) of the employee's current, full-time daily per diem rate of compensation pay for each full day of eligible sick leave.
Sick Leave Cash Out. A. Upon the death of an employee while under contract, the employee’s estate will receive pay for accumulated, but unused, sick leave up to a maximum of one hundred eighty (180) days at a rate equal to one day’s per diem pay for each four full days accrued for sick/emergency leave.
Sick Leave Cash Out. Any full-time employee who has three (3) or less occurrences of sick leave usage from November 1 of any given year to October 31 of the immediate following year may cash out thirty-two (32) hours of sick leave at the employee’s current regular hourly rate. Any qualified employee wishing to cash out accrued but unused sick leave must submit a request in writing to the Sheriff no later than the end of the first week of November for inclusion in the last pay period in December of that year.
Sick Leave Cash Out. (A) Employees may cash in unused sick leave days above an accumulation of sixty (60) days at a ratio of one full day's monetary compensation for four (4) accumulated sick leave days. At the employee's option, he/she may cash-out unused sick leave days in January of the school year following any year in which more than sixty (60) days of sick leave is accrued and each January thereafter, at a 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.
Sick Leave Cash Out. A sick leave cash out program will be promulgated by School Board Policy pursuant to state statutes and regulations.
Sick Leave Cash Out. 7.4.1 Upon retirement, death or layoff employees can cash out sick leave up to one hundred twenty (120) days at the following rate: Zero to two hundred forty (240 hours at 100% and the remainder at a four to one (4 to 1) ratio.
Sick Leave Cash Out. At the beginning of each school year each employee covered by this Agreement shall be credited with an advanced sick leave allowance of twelve days. In the event of illness the appropriate deduction will be made. Employees may cash in unused sick leave days above an accumulation of sixty days at a ratio of one full day’s monetary compensation for four accumulated sick leave days. At the employee’s option, he/she may cash-out his/her unused sick leave days in January of the school year following any year in which a minimum of sixty days of sick leave is accrued, and each January thereafter, at a rate equal to one day’s monetary compensation of the employee for each four full days of accrued sick leave to a maximum of twelve days. The employee’s sick leave accumulation shall be reduced four days for each day compensated. An employee with more than one hundred eighty days of accumulated sick leave shall not be eligible to receive monetary compensation for his/her unused sick leave. In lieu of cash remuneration, said employee may, at his/her option, have deposited into his/her Voluntary Employee Benefit Association (VEBA) account his/her unused sick leave days in January of the school year following any year in which more than one hundred eighty days of sick leave is accrued, and each January thereafter, at a rate equal to one day’s monetary compensation of the employee for each four full days of accrued sick leave to a maximum of twelve days. The employee’s sick leave accumulation shall be reduced four days for each day compensated. Any employee whose sick leave balance exceeds one hundred eighty days shall lose sick leave days accumulated beyond one hundred eighty days if he/she fails to exercise his/her annual buy out option as provided herein. At the time of eligible separation from school district employment, an employee shall not be eligible to receive monetary remuneration for his/her unused sick leave. In lieu of cash remuneration, said employee will have deposited into his/her VEBA account his/her unused sick leave days at a rate equal to one day’s current monetary compensation of the employee for each four full days accrued sick leave to a maximum accumulation of one hundred eighty days. For the purposes of this provision, eligible separation shall be defined as when an employee is eligible to receive benefits under the Washington State Teachers’ Retirement System. In the event of an employee’s death, the employee’s estate shall receive remuneration ...
