Common use of Sick Leave Payoff Clause in Contracts

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. 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 Portion/tier of Accumulated hours Percent Payable payable Maximum Payout 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 X 00% = 225 hours), fifty percent (50%) of the next bank of three hundred (300) hours (900-600 x X 50% = 150 hours) and twenty five percent (25%) of the next bank (600-300 x X 25% = 75 hours) for a total of four hundred and fifty (450) hours or sixty-three hundred dollars ($6,300). 6,300.00) Employees with balances below three hundred (300) hours are not eligible for payoff.

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 accrued, but unused sick leave at their base rate of pay according to the following formula: Portion /tier of Accumulated hours Percent Payable payable Maximum Payout 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 X 00% = 225 hours), fifty percent (50%) of the next bank of three hundred (300) hours (900-600 x X 50% = 150 hours) and twenty five percent (25%) of the next bank (600-300 x 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. 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 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 three- hundred (300) hours (0000-000 x X 00% = 225 hours), fifty percent (50%) of the next bank of three hundred (300) hours (900-600 x X 50% = 150 hours) and twenty twenty-five percent (25%) of the next bank (600-600- 300 x 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) 300 hours are not eligible for payoff.

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 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 three- hundred (300) hours (0000-000 x X 00% = 225 hours), fifty percent (50%) % of the next bank of three hundred (300) hours (900-600 x X 50% = 150 hours) and twenty twenty-five percent (25%) of the next bank (600-300 x 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) 300 hours are not eligible for payoff.

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 payable Maximum Payout 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 ($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 X 00% = 225 hours), fifty percent (50%) of the next bank of three hundred hunkered (300) hours (900-600 x X 50% = 150 hours) and twenty five percent (25%) of the next bank (600-300 x 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.