Common use of Sick Leave Buy Back Clause in Contracts

Sick Leave Buy Back. On separation in good standing, an employee having a minimum of 60 days and not more than 119 days of sick leave accrued shall receive compensation equal to 20% of all days accrued at the employee’s current straight pay rate; an employee having a minimum of 120 days of sick leave accrued shall receive compensation equal to 40% of all days accrued at the employee’s current straight pay rate.

Appears in 4 contracts

Samples: Agreement, Agreement, Agreement

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Sick Leave Buy Back. On separation in good standing, an employee having a minimum of 60 days 480 hours and not more than 119 days 952 hours of sick leave accrued shall receive compensation equal to 20% of all days accrued at the employee’s current straight pay rate; an employee having a minimum of 120 days 953 hours of sick leave accrued shall receive compensation equal to 40% of all days hours accrued at the employee’s current straight pay raterate to the maximum amount of 960 hours.

Appears in 4 contracts

Samples: Agreement, Agreement, Agreement

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