Sick Leave Payoff Sample Clauses

Sick Leave Payoff. Employee with accrued, unused sick leave may, at the time of separation, select one of the following options for reimbursement:
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Sick Leave Payoff. Commencing January 1 of each year, if an employee uses thirty-two (32) hours or less during a calendar year, the Employer will pay fifty percent (50%) of the sick leave earned and not used by the employee for that year. The remaining earned sick leave not paid off or used will be accumulated. The employee has the option as to whether he/she wants to be paid off sick leave as noted above or whether he/she wants to accumulate same. The option must be exercised on or before December 1 of each year.
Sick Leave Payoff. An employee, upon retirement or death, shall be paid for up to 750 hours of their accumulated sick leave.
Sick Leave Payoff. Employees with 10 or more years of continuous/uninterrupted service with Pershing County shall be paid twenty-five percent (25.0%) of their current base rate of pay for up to four hundred (400) hours of accrued, unused sick leave on record upon retirement from the County or upon death. There shall be no other payoff for unused sick leave.
Sick Leave Payoff. Employees who separate from County service via resignation or layoff with at least ten (10) years of service will be paid for accrued but unused sick leave at their base rate of pay according to the following formula: Portion /tier of Accumulated hours Percent Payable Maximum Payout 900 to 1,200 75% of hours over 899 225 600 to 899 50% of hours over 599 150 300 to 599 25% of hours over 299 75 Total 450 For example, an employee earning fourteen dollars ($14.00) per hour with a balance of twelve hundred (1200) hours would be paid for seventy-five percent (75%) of the top bank of three hundred (300) hours (0000-000 x 00% = 225 hours), fifty percent (50%) of the next bank of three hundred (300) hours (900-600 x 50% = 150 hours) and twenty five percent (25%) of the next bank (600-300 x 25% = 75 hours) for a total of four hundred and fifty (450) hours or sixty-three hundred dollars ($6,300). Employees with balances below three hundred (300) hours are not eligible for payoff.
Sick Leave Payoff. Upon retirement, attorneys may cash-in one-half (50%) accrued sick leave. The remaining balance of sick leave is credited as service towards retirement. In the event of an active employee’s death prior to retirement from the County, the beneficiary will be paid the monetary value of all accrued sick leave at the time of death.
Sick Leave Payoff. In recognition of service to the School District, a retirement leave payment of seventy dollars ($70.00) per day of accumulated unused sick leave, not to exceed nine hundred eighty dollars ($980.00), will be paid upon retirement, as defined under the Michigan Teachers' Retirement Act, provided the teacher has been employed in the District for ten (10) or more consecutive years.
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Sick Leave Payoff. A member who is employed by the Board for five (5) or more years and who retires, resigns, is permanently laid off, or dies will be compensated for unused sick leave days. Thirty- seven and one half percent (37.5%) of the member’s current daily rate will be paid for all unused earned sick leave days. This payment will be paid on the last regular paycheck the member receives. The maximum amount a member can receive under this plan is as follows: Years of Service 5 years $3000.00 10 years $5000.00
Sick Leave Payoff. Any hours accumulated in excess of 800 hours shall be paid out to the employee at fifty (50%) percent if unused at the end of each calendar year.
Sick Leave Payoff. An employee who is employed by the Rochester Community Schools for five (5) or more years and who either retires or dies or resigns with ten (10) years of service will be compensated for unused sick leave days. Seventy-five percent (75%) of the employee’s current daily rate will be paid for fifty percent (50%) of the unused sick leave days. This payment will be paid on the last regular paycheck the employee receives.
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