Common use of Computation of Payment Clause in Contracts

Computation of Payment. Sick leave may be charged in quarter (1/4) hour increments. Sick leave absences are charged at the rate of one quarter (1/4) hour of sick leave for each quarter hour (1/4) of absence. A. Part day sick leave shall commence at the time the employee leaves the work area and shall end at the time the employee returns to the work area. B. Upon separation from employment, any unused sick leave shall be forfeited and will not be paid as separation pay, except in the case of death or retirement under the County’s PERS, PSERS, or LEOFF retirement systems. Upon retirement, twenty-five percent (25%) of the employee's accumulated sick leave shall be paid to the employee’s HRA VEBA Trust Account. Upon death, twenty-five percent (25%) of the employee’s accumulated sick leave shall be paid to his/her estate. Payment of accumulated sick leave is calculated by multiplying the employee's base hourly rate times twenty-five percent (25%) of the employee's accumulated sick leave hours. All payments of accumulated sick leave are based on the employee's April 1, 2017, base hourly rate.

Appears in 2 contracts

Sources: Collective Bargaining Agreement, Collective Bargaining Agreement

Computation of Payment. Sick leave may be charged in quarter (1/4) hour increments. Sick leave absences are charged charged, at the rate of one quarter (1/4) hour of sick leave for each quarter hour (1/4) hour of absence. A. Part day sick leave shall commence at the time the employee leaves the work area and shall end at the time the employee returns to the work area. B. Upon separation from employment, any unused sick leave shall be forfeited and will not be paid as separation pay, except in the case of death or retirement under the County’s PERS, PSERS, PERS or LEOFF retirement systems. Upon retirement, twenty-five percent (25%) of all the employee's accumulated sick leave shall be paid to the employee’s HRA VEBA Trust AccountVEBA. Upon death, twenty-five percent (25%) of all the employee’s accumulated sick leave shall be paid to his/her the employee’s estate. Payment of accumulated sick leave is calculated determined by multiplying the employee's base hourly rate times twenty-five percent (25%) of the employee's accumulated sick leave hours. All payments of accumulated sick leave are based on the employee's April June 1, 2017, base hourly rate.

Appears in 1 contract

Sources: Labor Agreement

Computation of Payment. Sick leave may be charged in quarter (1/4) hour increments. Sick leave Leave absences are charged at the rate of one quarter (1/4) hour of sick leave for each quarter hour (1/4) hour of absence. A. Part day sick leave shall commence at the time the employee leaves the work area and shall end at the time the employee returns to the work area. B. Upon separation from employment, any unused sick leave shall be forfeited and will not be paid as separation pay, except in the case of death or retirement under the County’s PERS, PSERS, PSERS or LEOFF retirement systems. Upon retirement, twenty-five percent (25%) of the employee's accumulated sick leave shall be paid to the employee’s HRA VEBA Trust Account. Upon deathaccount, twenty-five percent (25%) or in case of death to the employee’s accumulated sick leave shall be paid to his/her estate. Payment of accumulated sick leave is calculated by multiplying the employee's base hourly rate times twenty-five percent (25%) of the employee's accumulated sick leave hours. All payments of accumulated sick leave are based on the employee's April 1, 2017, base hourly raterate at the time of retirement or death.

Appears in 1 contract

Sources: Collectively Bargained Agreement

Computation of Payment. Sick leave may be charged in quarter (1/4) hour increments. Sick leave absences are charged at the rate of one quarter (1/4) hour of sick leave for each quarter hour (1/4) of absence. A. Part day sick leave shall commence at the time the employee leaves the work area and shall end at the time the employee returns to the work area. B. Upon separation from employment, any unused sick leave shall be forfeited and will not be paid as separation pay, except in the case of death or retirement under the County’s PERS, PSERS, PSERS or LEOFF retirement systems. Upon retirement, twenty-five percent (25%) of the employee's accumulated sick leave shall be paid to the employee’s HRA VEBA Trust Account. Upon death, twenty-five percent (25%) of the employee’s accumulated sick leave shall be paid to his/her estate. Payment of accumulated sick leave is calculated by multiplying the employee's base hourly rate times twenty-five percent (25%) of the employee's accumulated sick leave hours. All payments of accumulated sick leave are based on the employee's April 1, 2017, base hourly raterate at the time of retirement or death.

Appears in 1 contract

Sources: Collective Bargaining Agreement

Computation of Payment. Sick leave may be charged in quarter (1/4) hour increments. Sick leave absences are charged at the rate of one quarter (1/4) hour of sick leave for each quarter hour (1/4) of absence. A. Part day sick leave shall commence at the time the employee leaves the work area and shall end at the time the employee returns to the work area. B. Upon separation from employment, any unused sick leave shall be forfeited and will not be paid as separation pay, except in the case of death or retirement under the County’s PERS, PSERS, or LEOFF retirement systems. Upon retirement, twenty-twenty- five percent (25%) of the employee's accumulated sick leave shall be paid to the employee’s HRA VEBA Trust Account. Upon death, twenty-five percent (25%) of the employee’s accumulated sick leave shall be paid to his/her estate. Payment of accumulated sick leave is calculated by multiplying the employee's base hourly rate times twenty-five percent (25%) of the employee's accumulated sick leave hours. All payments of accumulated sick leave are based on the employee's April 1, 2017, base hourly rate.

Appears in 1 contract

Sources: Collective Bargaining Agreement

Computation of Payment. Sick leave may be charged in quarter (1/4) hour increments. Sick leave absences are charged charged, at the rate of one quarter (1/4) hour of sick leave for each quarter hour (1/4) hour of absence. A. Part day sick leave shall commence at the time the employee leaves the work area and shall end at the time the employee returns to the work area. B. Upon separation from employment, any unused sick leave shall be forfeited and will not be paid as separation pay, except in the case of death or retirement under the County’s PERS, PSERS, PERS or LEOFF retirement systems. Upon retirement, twenty-five percent (25%) of all the employee's accumulated sick leave shall be paid to the employee’s HRA VEBA Trust AccountVEBA. Upon death, twenty-five percent (25%) of all the employee’s accumulated sick leave shall be paid to his/her the employee’s estate. Payment of accumulated sick leave is calculated determined by multiplying the employee's base hourly rate times twenty-five percent (25%) of the employee's accumulated sick leave hours. All payments of accumulated sick leave are based on the employee's April 1, 2017, base hourly raterate at the time of retirement or death.

Appears in 1 contract

Sources: Labor Agreement