Common use of Sick Leave Cash Out Clause in Contracts

Sick Leave Cash Out. 28.1 In January any employee who at the end of the immediate previous calendar year shall have accumulated in excess of sixty (60) days of unused sick leave may elect to convert unused sick leave earned, but unused the previous year in excess of sixty (60) days to monetary compensation at the rate of twenty-five percent (25%) of the employee’s current, full-time daily per diem rate of compensation pay for each full day of eligible sick leave.

Sick Leave Cash Out. 28.1 In January any employee who at the end of the immediate previous calendar year shall have accumulated (A) Employees may cash in excess unused sick leave days above an accumulation of sixty (60) days at a ratio of one full day's monetary compensation for four (4) accumulated sick leave days. At the employee's option, he/she may cash-out unused sick leave may elect to convert unused sick leave earned, but unused days in January of the previous school year following any year in excess of which more than sixty (60) days of sick leave is accrued and each January thereafter, at a rate equal to one day's monetary compensation at the rate of twenty-five percent (25%) of the employee’s current, full-time daily per diem rate of compensation pay employee for each full day of eligible sick leave.four

Sick Leave Cash Out. 28.1 In January any employee who at the end of the immediate previous calendar year shall have accumulated A. Employees may cash in excess unused sick leave days above an accumulation of sixty (60) days at a ratio of unused sick leave may elect to convert unused sick leave earned, but unused the previous year in excess of sixty (60) days to monetary compensation at the rate of twenty-five percent (25%) of the employee’s current, full-time daily per diem rate of compensation pay for each full day of eligible sick leave.one

Sick Leave Cash Out. 28.1 In Employees may cash out their unused sick leave days in January any employee who at the end of the immediate previous calendar school year shall have accumulated following any year in excess which a minimum of sixty (60) days of unused sick leave may elect is accrued and each January thereafter, at a rate equal to convert unused sick leave earned, but unused the previous year in excess of sixty (60) days to one day's monetary compensation at the rate of twenty-five percent (25%) of the employee’s current, full-time daily per diem rate of compensation pay employee for each full day of eligible sick leave.four

Sick Leave Cash Out. 28.1 In January any employee who at the end of the immediate previous calendar year shall have accumulated in excess Employees may cash out unused sick leave days above an accumulation of sixty (60) days at a ratio of unused one (1) full day's salary per diem for four (4) accumulated sick leave may elect to convert unused sick leave earned, but unused the previous year in excess of sixty (60) days to monetary compensation at the rate of twenty-five percent (25%) of the employee’s current, full-time daily per diem rate of compensation pay for each full day of eligible sick leavedays.

Sick Leave Cash Out. 28.1 In January any employee who at the end of the immediate previous calendar year shall have accumulated 7 Employees may cash in excess unused sick leave days above an accumulation of sixty (60) days at a ratio 8 of one (1) full day's monetary compensation for four (4) accumulated sick leave days. At the 9 employee's option, they can cash-out their unused sick leave may elect to convert unused sick leave earned, but unused days in January of the previous school year 10 following any year in excess of which more than sixty (60) days of sick leave is accrued and each January 11 thereafter, at a rate equal to one day's monetary compensation at the rate of twenty-five percent (25%) of the employee’s current, full-time daily per diem rate of compensation pay employee for each four (4) full day 12 days of eligible accrued sick leave.

Sick Leave Cash Out. 28.1 In January any employee who An employee, at the end their option, may cash in a maximum of twelve 2 (12) of the immediate previous calendar year shall have accumulated in excess eligible unused sick days above an accumulation of sixty (60) days days, in January 3 of unused sick leave may elect to convert unused sick leave earned, but unused the previous school year following any year in excess which the employee has a minimum of sixty (60) 4 days of accumulated sick leave, at a rate equal to one (1) day’s current monetary 5 compensation at the rate of twenty-five percent (25%) of the employee for each four (4) full days of accumulated sick leave. The 6 employee’s current, full-time daily per diem rate of compensation pay sick leave accumulation shall be reduced four (4) days for each full day of eligible sick leave7 compensated.

Sick Leave Cash Out. 28.1 In January any An employee who at the end may opt to cash in a maximum of twelve (12) of the immediate previous calendar 17 eligible unused sick days above an accumulation of sixty (60) days, in January of the 18 school year shall have accumulated following any year in excess which the employee has a minimum of sixty (60) days 19 of unused accumulated sick leave, at a rate equal to one (1) day’s current monetary compensation 20 of the employee for each four (4) full days of accumulated sick leave. The employee’s 21 sick leave may elect to convert unused sick leave earned, but unused the previous year in excess of sixty accumulation shall be reduced four (604) days to monetary compensation at the rate of twenty-five percent (25%) of the employee’s current, full-time daily per diem rate of compensation pay for each full day of eligible sick leavecompensated.