Sick Leave Conversion Program Sample Clauses
The Sick Leave Conversion Program clause establishes a policy that allows employees to convert unused sick leave into another form of benefit, such as additional vacation days or monetary compensation. Typically, this program sets eligibility criteria, such as a minimum balance of accrued sick leave, and outlines the process for requesting a conversion, including any limits on the amount that can be converted in a given period. The core function of this clause is to incentivize employees to conserve sick leave and reduce unnecessary absenteeism, while also providing a tangible reward for good attendance.
Sick Leave Conversion Program. A portion of the balance of an employee’s accumulated sick leave shall be paid to the employee who terminates employment in good standing after 10 or more years of continuous service with the City, or his beneficiary in the event of death while a regular employee of the City. Sick leave shall be converted for payment in the following manner: Two and one-half percent (2 ½ %) x (times) each full year of employee's continuous years of service x (times) the employee's sick leave accumulation.
Sick Leave Conversion Program. A portion of the balance of an employee’s accumulated sick leave shall be paid to the employee who terminates employment in good standing after 10 or more years of service, or to the employee’s beneficiary in the event of death while a regular employee with the City. The maximum time any employee may apply to the sick leave conversion formula shall be 1700 hours. It shall be paid in the following manner: Two and one-half percent (2.5%) times each full year of the employee’s continuous years of service times the employee’s sick leave accumulation, but no greater than 1700 hours, at a rate equivalent to the employee’s current gross hourly salary. An employee may opt to utilize his/her accrued sick leave as defined in ORS 237.153.
Sick Leave Conversion Program. 1. Any employee having a sick leave balance of 344 hours or more as of the last pay period ending in October of each year shall be eligible to convert accrued sick leave to vacation on the following basis:
a. This conversion program applies to sick leave hours earned but not used in the previous 12 months (eligibility period).
b. Such sick leave shall be converted at the rate of two (2) sick leave hours for one (1) vacation leave hour not to exceed 48 hours of additional vacation leave hours.
c. Any vacation earned by virtue of this conversion program shall be taken in accordance with Article VII.
I. Employees who exceed maximum vacation accruals as a result of this conversion shall have twelve (12) months to reduce accruals below the maximum.
Sick Leave Conversion Program. Employees who accumulate one hundred fifty (150) hours of sick leave by January 1st of each calendar year may convert twelve (12) hours of accrued sick leave to "personal leave" for use during the same calendar year. For every seventy-five (75) hour increment of sick leave accumulated in excess of one hundred fifty (150) hours in a calendar year, an employee may convert an additional six
Sick Leave Conversion Program. Any employee having a sick leave balance of 480 hours or more on the pay period ending closest to November 1 of each year shall be eligible to convert accrued sick leave to vacation on the following basis:
a. This conversion program applies to sick leave hours earned but not used in the previous 12 months.
b. Such sick leave shall be converted at the rate of two (2) sick leave hours for one (1) vacation hour not to exceed 48 hours of additional vacation. 6. REIMBURSEMENT FOR ACCRUED SICK LEAVE. Employees hired on or after January 1, 1977, who have at least ten (10) years of service with the City, shall be compensated at the regular rate of pay for 50% of accrued sick leave upon retirement (service, disability or industrial disability retirement). Employees must have at least 500 hours of unused accrued sick leave, and can be compensated for a maximum of 1,500 hours of unused accrued sick leave. The remaining unpaid sick leave hours shall be converted to service credit pursuant to Government Code Section 20965.
Sick Leave Conversion Program a. Any employee having a sick leave balance of 192 hours or more as of the last pay period ending in October of each year shall be eligible to convert accrued sick leave to vacation leave on the following basis:
1) This conversion program applies to sick leave hours earned but not used in the previous 26 pay periods (eligibility period).
2) Such sick leave shall be converted at the rate of two (2) sick leave hours for one (1) vacation leave hour, not to exceed 60 hours of additional vacation leave. Such conversion shall not exceed the vacation accrual cap.
b. As an alternative to this conversion, employees may elect to sell back sick leave based on the formula in Article VI.E.5.a, (2) provided the employee has a balance of at least 200 hours of vacation leave on the books and the employee does not require additional vacation leave. Said payment shall be made by the first pay day in December of each year.