Common use of Leave Conversion Clause in Contracts

Leave Conversion. On January 1 of each year, an employee may convert up to a maximum of 30 hours accumulated sick leave at fifty percent (50%) cash value for the sole purpose of reimbursing the employee for medical costs. This conversion is subject to the following: 1. Only employees who have served a minimum of two (2) full-time continuous years of service shall be eligible. 2. Reimbursement shall be made only for medical and hospital costs not otherwise covered by the City’s medical insurance plan which are incurred by the employee and any of his or her dependents covered by the City’s medical insurance program. Reimbursement shall not be made for any dental or medical costs not eligible for coverage by the City’s medical insurance plan. 3. An employee is not eligible for this conversion policy unless he or she has in excess of 96 accumulated sick leave hours on the books as of the date of the conversion; no employee may convert accumulated sick leave hours so as to drop his or her total accumulated hours below 96 hours as of January 1 of each year. 4. An employee’s request for reimbursement will not be considered other than during the month of January. 5. Part-time employees, upon completion of two (2) continuous years of service, shall be allowed to convert sick leave in a pro rata manner.