Common use of Sick Leave Buy Back Clause in Contracts

Sick Leave Buy Back. The University will develop a voluntary program for employees with vested sick leave benefits to receive a one-time cash payment in exchange for non payment of accrued sick leave upon leaving University employment. Employees who enter the program will continue to accrue sick leave for use as paid time off, but will not receive a cash payment for any accrued sick leave upon leaving University employment. Program details, operation, duration and eligibility criteria shall be determined by the University. The Union may request consultation on program details.

Sick Leave Buy Back. The University will develop a voluntary program for employees with vested sick leave benefits to receive a one-time cash payment in exchange for non non-payment of accrued sick leave upon leaving University employment. Employees who enter the program will continue to accrue sick leave for use as paid time off, but will not receive a cash payment for any accrued sick leave upon leaving University employment. Program details, operation, duration and eligibility criteria shall be determined by the University. The Union may request consultation on program details.

Sick Leave Buy Back. The University will develop a voluntary program for employees with vested sick leave benefits to receive a one-time cash payment in exchange for non non-payment of accrued sick leave upon leaving University employment. Employees who enter the program will continue to accrue sick leave for use DocuSign Envelope ID: 61DFD276-BA48-43BC-8C40-565C97E5DF53 as paid time off, but will not receive a cash payment for any accrued sick leave upon leaving University employment. Program details, operation, duration and eligibility criteria shall be determined by the University. The Union may request consultation on program details.