Common use of ACCUMULATION LIMITS Clause in Contracts

ACCUMULATION LIMITS. Employees may accumulate up to a maximum of 672 hours of sick leave credit in a Primary Sick Leave Bank for each employee covered hereunder. Upon reaching this maximum number of accumulated sick leave hours, the employee's biweekly benefit of 6.72 hours will be distributed in the following manner: a. At the employee’s option, one-half of the benefit will be: 1. Paid to the employee at the employee’s then current hourly base rate of pay. 2. Converted into vacation hours. b. The remaining one-half benefit will be placed in a Secondary Sick Leave Bank for the employee.

ACCUMULATION LIMITS. Employees may accumulate up to a maximum of 672 hours of sick leave credit in a Primary Sick Leave Bank for each employee covered hereunder. Upon reaching this maximum number of accumulated sick leave hours, the employee's biweekly benefit of 6.72 5.17 hours will be distributed in the following manner: a. At the employee’s option, one-half of the benefit will be: 1. Paid to the employee at the employee’s then current hourly base rate of pay. 2. Converted into vacation hours. b. The remaining one-half benefit will be placed in a Secondary Sick Leave Bank for the employee.