SICK TIME BUYBACK Sample Clauses
SICK TIME BUYBACK. 24.1 In order to provide an incentive for employees to accumulate and maintain an adequate amount of sick leave, the City has initiated a "sick day buyback plan". Under this plan employees who do not use sick days will be compensated by the City purchasing back some of the days not used that were earned in the relevant year. Buy-back Example:
SICK TIME BUYBACK. Any officer that has accrued a minimum of seventy-five (75) sick days may sell back any balance above seventy-five (75) days not to exceed $5,000 per year. Request for buy back must be submitted by September 1st of that year. Payment will be made in the first regular pay ofNovember. The rate of pay will be at seventy-five percent (75%) per day.