Common use of Sick Leave Annual Cash Out Clause in Contracts

Sick Leave Annual Cash Out. At the written request of the employee, due by February 10th, the employer will cash out at the employee’s base rate of pay at 50% of all annual sick leave accrued (but not used) over 620 hours. This amount shall be placed into the employee’s deferred compensation account, administered by the employer. Transfer of these funds shall occur at the same time as the second pay check in February is issued.

Sick Leave Annual Cash Out. At the written request of the employee, due by February 10th, the employer will cash out at the employee’s base rate of pay at 50% of all annual sick leave accrued (but not used) over 620 520 hours. This amount shall be placed into the employee’s deferred compensation account, administered by the employer. Transfer of these funds shall occur at the same time as the second pay check in February is issued.

Sick Leave Annual Cash Out. At the written request of the employee, due by February 10th, the The employer will cash out at the employee’s base rate of pay at 50% of all annual sick leave accrued (but not used) over 620 520 hours. This amount shall be placed into the employee’s deferred compensation HRA VEBA account, administered by the employer. Transfer of these funds shall occur at the same time as the second pay check in February is issued.

Sick Leave Annual Cash Out. At the written request of the employee, due by February 10th, the employer will cash out at the employee’s base rate of pay at 50% of all annual sick leave accrued (but not used) over 620 hourshours as of December 31st of the previous year. This amount shall be placed into the employee’s deferred compensation HRA VEBA account, administered by the employer. Transfer of these funds shall occur at the same time as the second pay check in February is issued.

Sick Leave Annual Cash Out. At the written request of the employee, due by February 10th, the employer The Employer will cash out at the employee’s hourly base rate of pay at 50% of all annual sick leave accrued (but not used) over 620 520 hours, by December 31 of each year for employees submitting a written request. This amount shall These amounts, by employee request, may be placed into the employee’s deferred compensation account, administered accounts selected by the employer. Transfer Employee and Employer by the close of these funds shall occur at the same time as the second first pay check in February is issuedperiod following December 31 of each year.