Common use of Annual Sick Leave Payout Clause in Contracts

Annual Sick Leave Payout. A. An employee hired prior to December 21, 1981, who does not take the full amount of sick leave granted in any one calendar year may accumulate the amount from year to year. When the employee has accumulated a sick leave balance of 1,104 hours, such employee shall be paid for up to 48 hours of his accumulated sick leave in that year and each year thereafter and continues to maintain the minimum sick leave balance of 1,104 hours. To be eligible for the annual sick leave payout, the employee must be employed by the City for the entire calendar year in which the eligibility occurs. In the year in which an employee is eligible for and will receive payment for sick leave payout at retirement as provided in Article 29, Xxxx Leave Payout at Separation, the employee will not be eligible for the annual sick leave payout as provided in this Article. This payment of accumulated sick leave will be paid at the employee’s regular base hourly rate as of December 31 of the same calendar year in which the payout was earned. This payout will be made to the employee by no later than the third paycheck paid in the year following the year the payout was earned.

Annual Sick Leave Payout. A. An employee hired prior to December 21, 1981, who does not take the full amount of sick leave granted in any one calendar year may accumulate the amount from year to year. When the employee has accumulated a sick leave balance of 1,104 hours, such employee shall be paid for up to 48 hours of his accumulated sick leave in that year and each year thereafter and continues to maintain the minimum sick leave balance of 1,104 hours. To be eligible for the annual sick leave payout, the employee must be employed by the City for the entire calendar year in which the eligibility occurs. In the year in which an employee is eligible for and will receive payment for sick leave payout at retirement as provided in Article 29, Xxxx Sick Leave Payout at Separation, the employee will not be eligible for the annual sick leave payout as provided in this Article. This payment of accumulated sick leave will be paid at the employee’s regular base hourly rate as of December 31 of the same calendar year in which the payout was earned. This payout will be made to the employee by no later than the third paycheck paid in the year following the year the payout was earned.

Annual Sick Leave Payout. A. An employee hired prior to December 21, 1981, who does not take the full amount of sick leave granted in any one calendar year may accumulate the amount from year to year. When the employee has accumulated a sick leave balance of 1,104 hours, such employee shall be paid for up to 48 hours of his accumulated sick leave in that year and each year thereafter and continues to maintain the minimum sick leave balance of 1,104 hours. To be eligible for the annual sick leave payout, the employee must be employed by the City for the entire calendar year in which the eligibility occurs. In the year in which an employee is eligible for and will receive payment for sick leave payout at retirement as provided in Article 2928, Xxxx Sick Leave Payout at Separation, the employee will not be eligible for the annual sick leave payout as provided in this Article. This payment of accumulated sick leave will be paid at the employee’s regular base hourly rate as of December 31 of the same calendar year in which the payout was earned. This payout will be made to the employee by no later than the third paycheck paid in the year following the year the payout was earned.