Common use of Sick Leave Payoff Clause in Contracts

Sick Leave Payoff. A member who is employed by the Board for five (5) or more years and who retires, resigns, is permanently laid off, or dies will be compensated for unused sick leave days. Thirty- seven and one half percent (37.5%) of the member’s current daily rate will be paid for all unused earned sick leave days. This payment will be paid on the last regular paycheck the member receives. The maximum amount a member can receive under this plan is as follows: Years of Service 5 years $3000.00 10 years $5000.00

Sick Leave Payoff. A member who is employed by the Board for five (5) or more years and who retiresretires (under the MPSERS), resigns, is permanently laid off, or dies will be compensated for unused sick leave days. Thirty- seven and one half percent (37.5%) of the member’s current daily rate will be paid for all unused earned sick leave days. This payment will be paid on the last regular paycheck the member receives. The maximum amount a member can receive under this plan is as follows: Years of Service 5 years $3000.00 10 years $5000.00.