Common use of Sick Leave Payoff Clause in Contracts

Sick Leave Payoff. Commencing January 1 of each year, if an employee uses thirty-two (32) hours or less during a calendar year, the Employer will pay fifty percent (50%) of the sick leave earned and not used by the employee for that year. The remaining earned sick leave not paid off or used will be accumulated. The employee has the option as to whether he/she wants to be paid off sick leave as noted above or whether he/she wants to accumulate same. The option must be exercised on or before December 1 of each year.

Appears in 9 contracts

Samples: Agreement, Agreement, Agreement

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Sick Leave Payoff. Commencing January 1 of each year, if an employee uses thirty-two (32) hours or less during a calendar year, the Employer will pay fifty percent (50%) of the sick leave earned and not used by the employee for that year. The remaining earned sick leave not paid off or used will be accumulated. The employee has the option as to whether he/she wants to be paid off sick leave as noted above or whether he/she wants to accumulate same. The option must be exercised on or before December 1 of each year. Employees choosing the sick leave payoff option who use sick leave between the time the annual payoff is calculated and the first of the following year will have that sick leave included in the calculation for sick leave payoff eligibility for the following year.

Appears in 3 contracts

Samples: Agreement, Agreement, Agreement

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