UNUSED SICK LEAVE PAYOUT Sample Clauses

UNUSED SICK LEAVE PAYOUT. A regular part-time or full-time employee with ten (10) years of continuous service will be paid the balance of his/her unused sick leave at a rate of $7.00/hour, up to a maximum of one thousand forty (1040) hours upon separation with the District.
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UNUSED SICK LEAVE PAYOUT. Employees with a minimum of five (5) years of continuous service as a regular employee are eligible for a partial payout of earned and unused sick leave upon voluntary termination of employment. In addition to the minimum service requirement, an employee will not be eligible to receive a sick leave payout if the termination of employment is due to: 1) involuntary termination for any reason excluding job elimination or workforce reduction; 2) job abandonment or a voluntarily resignation without notice; 3) resignation while under investigation or to avoid disciplinary action; or 4) resignation by the mutual consent of both parties. Provided that the above basic eligibility criteria have been met, the amount of sick leave to be paid out will be based on the employee’s sick leave utilization rate over the course of his/her employment according the following schedule: Utilization Rate Bank Balance Payout % Greater than 45% 0% 44.9 – 40% 10% 39.9 – 35% 20% Less than 35% 33% Utilization rate is calculated by the number of sick leave hours used, divided by the total hours of sick leave hours earned over the course of the employee’s continuous length of service as a regular employee. An employee’s donation of sick leave to the City’s shared leave pool will not be counted in the utilization rate calculation. The maximum payout of unused sick leave under this section is 544 hours.
UNUSED SICK LEAVE PAYOUT. Employees Hired Before July 1, 1993. After a period of five (5) continuous years of service, employees shall be compensated at their regular rate of pay for any unused accumulation of sick leave up to a maximum of four hundred eighty (480) hours when they are permanently separated from the Employer’s employment by reason of retirement, early retirement caused by disability, or death. Five (5) years of continuous service shall mean the five (5) years immediately preceding the date of separation. Employees Hired After June 30, 1993. Employees with a minimum of five (5) years of continuous service as a regular employee are eligible for a partial payout of earned and unused sick leave upon voluntary termination of employment. In addition to the minimum service requirement, an employee will not be eligible to receive a sick leave payout if the termination of employment is due to: 1) involuntary termination for any reason excluding job elimination or workforce reduction; 2) job abandonment or a voluntarily resignation without notice; 3) resignation while under investigation or to avoid disciplinary action; or 4) resignation by the mutual consent of both parties. Provided that the above basic eligibility criteria have been met, the amount of sick leave to be paid out will be based on the employee’s sick leave utilization rate over the course of his/her employment according the following schedule: Utilization Rate Bank Balance Payout % Greater than 45% 0% 44.9 – 40% 10% 39.9 – 35% 20% Less than 35% 33% Utilization rate is calculated by the number of sick leave hours used, divided by the total hours of sick leave hours earned over the course of the employee’s continuous length of service as a regular employee. An employee’s donation of sick leave to the City’s shared leave pool will not be counted in the utilization rate calculation. The maximum payout of unused sick leave under this section is 544 hours.
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