VESTED SICK LEAVE Clause Samples

VESTED SICK LEAVE. Full-time employees shall accumulate four (4) hours of sick leave each month, part-time employees a pro rata portion thereof based on hours compensated that shall be credited toA portion of sick leave credits shall be accumulated as vested sick leave at the rate of .025 hours for each hour compensated, exclusive of overtime premium, on-call pay, and standby pay. Tthe vested portion of sick leave is payable at the regular rate of pay on the first day of a bona fide illness, injury, or disability due to pregnancy or for other purposes specified in Medical Center policy or required by applicable law. The Employer may require employees to provide two (2) hours advance notice of illness before a shift, unless the onset of illness is unforeseen during the notice period. Failure to do so may result in loss of paid sick leave for that day. Up to a maximum of three (3) prescheduled medical or dental appointments in a calendar year may be utilized from vested sick leave and will not count as an absentee occurrence. If, as of December 31 of any year, an employee hereunder has accumulated more than 240 hours of vested sick leave, the Employer shall have the right to purchase the excess above 240 hours at fifty percent (50%) of the value of the hours on December 31 based upon the employee’s regular rate of pay. Payment shall be made on the first pay period immediately following February 1st of each year.