Compensation for Accumulated Sick Leave Sample Clauses

Compensation for Accumulated Sick Leave. 1. Any teacher who has been employed by Lakeland Regional High School for at least ten consecutive years immediately preceding retirement shall receive compensation for accumulated sick leave of $55.00 per day to a maximum of 120 days. This shall be paid upon receipt by the Board of "Notice of Retirement Approval" from the TPAF for service, veteran or early retirement as defined in N.J.S.A. 18A:66-37, 44 &71. Employees shall not be eligible for benefits granted under this provision if they are vesting (taking a deferred retirement) in accordance with the provisions of N.J.S.A. 18:A 66-36.
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Compensation for Accumulated Sick Leave. In addition to the provisions of Section 3, an eligible employee hired prior to July 1, 2010, shall be eligible to receive an additional amount by multiplying fifty percent (50%) of his/her unused sick leave days times his/her base daily salary up to a maximum of sixty (60) days.
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Compensation for Accumulated Sick Leave. Upon retirement into the Teachers Retirement System (TRS) the Board shall grant to the retiring Teacher compensation for earned but unused sick leave to Teachers meeting all the following conditions:
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Compensation for Accumulated Sick Leave. There shall be no buy out or compensation for unused accrued sick leave, except that once each calendar year in the month of November an employee may give notice that he/she intends to convert sick leave to vacation leave or to be paid out in cash up to 40 hours. To be eligible to take advantage of this policy, an employee shall have a minimum of seven (7) years continuous service with the City in a permanent position. Employees who have not met the seven year continuous service requirement may accumulate and carry over the full amount of unused accrued sick leave from calendar year to calendar year. There shall be no upper limit on the accumulation of sick leave.
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Compensation for Accumulated Sick Leave 
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Related to Compensation for Accumulated Sick Leave

  • Accumulated Sick Leave ‌ The Employer shall inform all employees at least once each year of the number of sick days accumulated and shall make the information available to an employee on request.

  • Compensation for Overtime 9.5.1 All overtime hours, except those overtime hours exceeding twelve (12) hours in one day, shall be compensated at a rate of pay equal to time and one-half the regular rate of pay of the employee. Those overtime hours exceeding twelve (12) in one day shall be compensated at a rate of pay equal to two times the regular pay of the employee.

  • Vacation Leave on Retirement ‌ An employee scheduled to retire and to receive pension benefits under the Public Service Pension Plan Rules or who has reached the mandatory retiring age, shall be granted full vacation entitlement for the final calendar year of service.

  • HOLIDAY COMPENSATION FOR TIME WORKED 126. Employees required by their respective appointing officers to work on any of the above specified or substitute holidays, excepting Fridays observed as holidays in lieu of holidays falling on Saturday, shall be paid extra compensation of one additional day's pay at time- and-one-half the usual rate in the amount of 12 hours pay for 8 hours worked or a proportionate amount for less than 8 hours worked provided, however, that at the employee's request and with the approval of the appointing officer, an employee may be granted compensatory time off in lieu of paid overtime as provided for elsewhere in this contract. 127. Executive, administrative and professional employees designated in the Annual Salary Ordinance with the "Z" symbol shall not receive extra compensation for holiday work but may be granted time off equivalent to the time worked at the rate of-one-and-one-half times for work on the holiday.

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

  • ’ Compensation Leave If such determination cannot readily be made and all healthcare leave or annual leave subject to 100% payoff has been applied to the absence, the employee shall be placed on Official Leave until a final determination is made.

  • Sick Leave Accumulation Employees shall be credited with sick leave at the rate of 8 (eight) days per year. The maximum number of days that employees may accrue is as follows: 2020-2023 60 days Sick days are non-compensable at the time of termination of employment.

  • Deferred Salary Leave Plan 1. The Board shall administer a Deferred Salary Leave Plan as determined by a separate agreement.

  • Bonus Compensation The Executive shall not receive any bonus payment whatsoever pursuant to Section 3.02 or the Bonus Plan except such bonus which is already earned and due to be paid up to and including the Termination Date, notwithstanding any period following the Termination Date during which the Executive may receive any payments or benefits under the terms of the Agreement.

  • Accumulation of Vacation Leave Credits 31.1.1 An employee shall earn in respect of each fiscal year, annual vacation leave with pay at the following rates for each calendar month in which the employee receives at least seventy-five (75) hours’ pay:

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