Common use of Sick Pay Plan Clause in Contracts

Sick Pay Plan. Subject to the terms and conditions of the plan, sick pay will be provided as follows: - A benefit of 66 2/3% of monthly income to a maximum of $650.00 per week. - Payment will be made commencing on the forth (4th) day of absence in case of illness and on the first (1st) day of absence in the case of an accident which is not covered by Workers Compensation or in respect of an employee who is hospitalized during the three (3) day waiting period. - Benefits are payable for a maximum of seventeen (17) weeks. - Full-time employees shall accumulate sick days at the rate of one (1) day (8 hours) for every calendar month worked to a maximum of six (6) days (48 hours) per calendar year. A further six (6) days (48 hours) may be earned at the same rate of one (1) day (8 hours) per calendar month commencing each January 1. The maximum accumulation of such days shall be twelve (12) days. Such leave cannot be used prospectively, it is earned. The Company shall apply any accumulated sick leave to absences due to the employee's sickness not covered by insured weekly indemnity benefits (or similar benefits) and may supplement weekly indemnity benefits (or similar benefits) with unused sick leave credits in an amount equal to but not to exceed the employee's normal earnings.