Payment of Accrued Sick Leave Sample Clauses

Payment of Accrued Sick Leave. Accrued sick leave will be paid to a former PSEM law enforcement officers under the following conditions:
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Payment of Accrued Sick Leave. Effective January 1, 2009, any represented employee in good standing with at least five (5) years of regular employment with the City may cash out up to 40 hours per year of sick leave for 50% of its value at the employee’s current hourly wage if their remaining sick leave balance is over 100 hours. For the purpose of sick leave payout, hourly wage will be calculated by dividing the current monthly wage by 173.3333. Example: Employee X hired in 1/1/2000 has a balance of 140 hours of sick leave on 1/1/2005 and is currently paid $25.00 per hour. That employee could cash out 40 hours at 50% of their current hourly wage receiving $500.00 taxable income and would retain a balance of 100 hours of sick leave. In 2009, Employees in good standing with seven (7) or more years of regular employment with the City may cash out up to 80 hours for 75% of its value at their current hourly wage as long as their sick leave balance remains over 100 hours. Donated leave will not be eligible for use in this provision.
Sample 1
Payment of Accrued Sick Leave. As part of the redundancy payment employees do not receive any payment for their accrued sick leave on termination of their employment.
Sample 1
Payment of Accrued Sick Leave. Effective January 1, 2009, any represented employee in good standing with at least five (5) years of regular employment with the City may cash out up to 40 hours per year of sick leave for 50% of its value at the employee’s current hourly wage if their remaining sick leave balance is over 100 hours. For the purpose of sick leave payout, hourly wage will be calculated by dividing the current monthly wage by 173.3333.
Sample 1

Related to Payment of Accrued Sick Leave

  • Accrued Sick Leave The Board shall provide all employees with a cumulative record 23 of accrued sick leave hours on each pay statement.

  • Accrued 100% sick leave The use of sick leave under this subsection is at the employee's discretion.

  • Sick Leave Payment Any employee, at his/her option may choose to receive payment for sick leave earned during the year which is unused at the end of the year. Any such payment must be for the total number of unused sick leave hours earned during the year, must be based on the hourly rate of pay of the employee multiplied by 50 percent, and all hours for which payment is received must be deducted from the employee’s accumulated leave balance. Sick leave used during a current year will be charged against the most recently earned sick leave. Hourly rate of pay is the hourly rate at the end of the contract year.

  • Sick Leave Benefits Sick leave is an indemnity benefit and not an acquired right. A Nurse who is absent from a scheduled shift on approved sick leave shall only be entitled to sick leave pay if the Nurse is not otherwise receiving pay for that day, and providing the Nurse has sufficient sick leave credits.

  • Payment of Annual Leave on Termination On the termination of their employment, an employee will be paid their untaken or pro-rata annual leave.

  • Sick Leave Bonus For every six (6) months of perfect sick leave attendance after July 1, 1987, the employee will receive eight (8) hours of bonus time. This bonus time will be prorated for part-time employees. Such bonus time can be used for any leave purpose covered by this Agreement. Such bonus time shall be counted as vacation leave credits for purposes of determining eligibility for carry- over and cash payments.

  • Sick Leave to Establish EI Maternity Benefits If the Employee will be able to establish a new EI Maternity Benefit claim in the six weeks immediately following the birth of her child through access to sick leave at 100% of her regular salary, she shall be eligible for up to six weeks leave at 100% of her regular salary without deduction from the sick days or short term disability leave days (remainder of six weeks topped-up as SEB).

  • Benefits on Sick Leave Effective for absences beginning on or after April 1, 2000, the Hospital will pay the employer portion of the benefit premiums while an employee is on sick leave, including the EI period prior to the commencement of long term disability and LTD, to a maximum of 30 months from the date the absence began.

  • Sick Leave Accrual Full-time employees will accrue eight (8) hours of sick leave in a calendar month. Part- time employees will accrue sick leave credit on the same proportional basis that their employment schedule bears to a full-time schedule, up to a maximum of eight (8) hours in a calendar month.

  • Sick Leave Benefit There are two types of sick leave benefits. Annual sick leave is the sick leave days credited each year to each employee in accordance with the provisions of the local collective bargaining agreements. Banked sick leave is previously accumulated unused sick leave to which unused annual sick leave may be added at the end of each anniversary year.

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