Common use of Sick Leave Cash Out Clause in Contracts

Sick Leave Cash Out. A. 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. A. 26.1 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 ’s current, full-time daily per diem rate of compensation pay for each full day of eligible sick leave.

Sick Leave Cash Out. A. In January any 4.6.1 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 at the end of the previous calendar year, may elect to convert unused days from the previous years 12 days sick leave earned, but unused the previous year in excess at 25 per cent of sixty (60) days to monetary compensation at the rate of twenty-five percent (25%) of the employee's current, full-time daily their per diem rate rate. Any such election shall be made by written notice to the District business office during the month of compensation pay for each full day January. Any such annual conversion of eligible accumulated sick leaveleave shall be subject to the terms and limitations of applicable law.

Sick Leave Cash Out. A. In January any Annually each employee who at may cash out the end of the immediate previous calendar unused sick leave days he/she has accumulated that year shall have (Jan. 1-Dec. 31) provided such employee has accumulated in excess a minimum of sixty (60) days. The employee may cash out up to twelve (12) days per year on January 1 of unused each year. At the time of separation from the District, the employee or his/her estate shall have all of his/her sick leave may elect to convert unused sick leave earned, but unused cashed out on the previous year in excess of sixty same one (601) 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.four