Sick Leave Buyback. The Board agrees to buy sick leave days back from those teachers who have more than one hundred (100) accumulated sick leave days at the end of a school year. The value of each unused day will be determined based on the formula in Section A above. The total amount calculated will be deposited into the teacher’s Section 401(a) account. If a teacher has in excess of 6 personal days, the days will be transferred to the total sick day accumulation for this calculation. The number of days will be figured using the above chart in this section.
Sick Leave Buyback a. At the time of separation from school district employment due to retirement or death, an eligible employee or the employee's estate shall receive remuneration at a rate equal to one (1) day's current monetary compensation of the employee for each four
Sick Leave Buyback. A. Employees shall be entitled to payment for accumulated sick leave as follows:
Sick Leave Buyback. 1. In recognition of service to the Town of Winchester, any unit member who will have completed twenty (20) years of service in Winchester by the time s/he retires shall be paid twenty-five dollars ($25) per day for any number of sick days beyond the first one hundred (100) days of their accumulated sick leave. In order to qualify for this payment, the teacher must notify the Superintendent by December 1st of each year, of his/her intent to retire at the conclusion of that school year.
Sick Leave Buyback a) If an employee is upgraded while on overtime, Article 27 will apply. Nothing herein shall require payment of overtime when an insubstantial amount of time is worked in excess of the normal shift. For the purpose of this Article, an insubstantial amount of time shall be considered any period of time less than one-quarter (1/4) hour. Employees shall be paid overtime to the next highest one-quarter (1/4) hour for any time worked over one-quarter (1/4) hour.
Sick Leave Buyback. The Board will buy unused Sick Leave days above the 160-day accumulation at the rate of forty dollars ($40.00) per day at the end of the school year. The money shall be paid to the teacher by check by August 1 of each year.
Sick Leave Buyback. WAC 392.136 provides conditions for this section as f follows: Annual Conversion of Accumulated Sick Leave Commencing in January, l984, and each January thereafter, any eligible employee may exercise an option to receive remuneration for unused leave for illness or injury accumulated in the previous year at a rate equal to one day's monetary compensation of the employee for each four full days of accrued leave for illness or injury in excess of sixty days. Leave for illness or injury for which compensation has been received shall be deducted from accrued leave for illness or injury at the rate of four days for every one day's monetary compensation. One day's monetary compensation shall mean the salary of an employee for each full day of employment, exclusive of supplemental pay, and exclusive of fringe benefits such as health, insurance premiums and other forms of insurance premiums. Employees shall give written notice to the Superintendent during the month of January if they desire to exercise the option to receive remuneration for unused leave accumulated in the previous year for illness or injury in excess of sixty days. At no time may a staff member's accumulated sick leave be reduced below sixty days to take advantage of this option.
Sick Leave Buyback. Upon retirement from regular City service, as defined by PERS, an employee shall be entitled to compensation for one quarter of the accumulated Xxxx Leave on the books at the time of such retirement, and at his/her regular salary on said retirement date.
Sick Leave Buyback. Effective April 4, 1997, the City amended its contract with PERS to provide sick leave credit of .004 year of service credit for each unused day of sick leave.
Sick Leave Buyback. 1. A teacher with a minimum of fifteen (15) years of teaching service in the district shall be paid for his/her accumulated sick leave in accordance with the conditions set forth herein below:
