Common use of Sick Leave Incentive Program Clause in Contracts

Sick Leave Incentive Program. Twenty-four hour shift employees who have a sick leave balance of at least thirty (30) shifts (720 hours) and use three (3) or fewer shifts (72 hours) of their annual sick leave accrual of nine (9) shifts (216 hours) and eight hour employees who have a sick leave balance of at least thirty (30) days (240 hours) and use four (4) or fewer days (32 hours) of their annual sick leave accrual of twelve (12) days (96 hours) may elect to receive fifty percent (50%) of the remainder in cash, at the employee’s current base rate of pay, of their annual sick leave accrual. The measurement period for determining buy back eligibility is December 16 through December 15. The remaining fifty percent (50%) shall remain in the employee’s sick leave balance.

Appears in 4 contracts

Samples: Agreement, Agreement, Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.