Common use of Accumulated Sick Pay Benefits Clause in Contracts

Accumulated Sick Pay Benefits. Upon termination of employment for reasons of retirement, or reduction in force, or resignation effective July 1 and prior to August 1 of any year, or circumstances dictating a move, an employee who is in "good standing" and not charged with any matter(s) which could lead to dismissal or reduction in pay or is on notice that such charge(s) are probable and/or contemplated shall receive payment for up to 200 unused sick days at the rate of $25.00 per day for days 1-100 and $35.00 for days 101+, subject to the following:

Appears in 2 contracts

Samples: Contract Agreement, Contract Agreement

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Accumulated Sick Pay Benefits. Upon termination of employment for reasons of retirement, or reduction in force, or resignation effective July 1 and prior to August 1 of any year, or circumstances dictating a move, an employee who is in "good standing" and not charged with any matter(s) which could lead to dismissal or reduction in pay or is on notice that such charge(s) are probable and/or contemplated shall receive payment for up to 200 unused sick days at the rate of $25.00 30.00 per day for days 1-1 – 100 and $35.00 40.00 per day for days 101+101 – 200, in each case, subject to the following:

Appears in 1 contract

Samples: Contract Agreement

Accumulated Sick Pay Benefits. Upon termination of employment for reasons of retirement, or reduction in force, or resignation effective July 1 and prior to August 1 of any year, or circumstances dictating a move, an employee who is in "good standing" and not charged with any matter(s) which could lead to dismissal or reduction in pay or is on notice that such charge(s) are probable and/or contemplated shall receive payment for up to 200 unused sick days at the rate of $25.00 35.00 per day for days 1-100 and $35.00 45.00 per day for days 101+-200, in each case, subject to the following:

Appears in 1 contract

Samples: Contract Agreement

Accumulated Sick Pay Benefits. Upon termination of employment for reasons of retirement, or reduction in force, or resignation effective July 1 and prior to August 1 of any year, or circumstances dictating a move, an employee who is in "good standing" and not charged with any matter(s) which could lead to dismissal or reduction in pay or is on notice that such charge(s) are probable and/or contemplated shall receive payment for up to 200 unused sick days at the rate of $25.00 20.00 per day for days 1-100 and $35.00 30 for days 101+, subject to the following:

Appears in 1 contract

Samples: Contract Agreement

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Accumulated Sick Pay Benefits. Upon termination of employment for reasons of retirement, or reduction in force, or resignation effective July 1 and prior to August 1 of any year, or circumstances dictating a move, an employee who is in "good standing" and not charged with any matter(s) which could lead to dismissal or reduction in pay or is on notice that such charge(s) are probable and/or contemplated shall receive payment for up to 200 unused sick days at the rate of $25.00 30.00 per day for days 1-100 and $35.00 for days 101+, subject to the following:

Appears in 1 contract

Samples: Contract Agreement

Accumulated Sick Pay Benefits. Upon termination of employment for reasons of retirement, or reduction in force, or resignation effective July 1 and prior to August 1 of any year, or circumstances dictating a move, an employee who is in "good standing" and not charged with any matter(s) which could lead to dismissal or reduction in pay or is on notice that such charge(s) are probable and/or contemplated shall receive payment for up to 200 unused sick days at the rate of $25.00 35.00 per day for days 1-1 – 100 and $35.00 45.00 per day for days 101+101 – 200, in each case, subject to the following:

Appears in 1 contract

Samples: Contract Agreement

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