Payout of Sick Leave Sample Clauses
The "Payout of Sick Leave" clause defines the conditions under which an employee is compensated for unused sick leave, typically upon termination of employment or at certain milestones. This clause may specify whether sick leave is paid out in full, partially, or not at all, and can outline eligibility requirements such as minimum tenure or employment status. Its core practical function is to clarify the employer’s obligations regarding unused sick leave, thereby preventing disputes and ensuring both parties understand the financial implications of accrued sick time.
Payout of Sick Leave. When an employee age 55 or older opts for severance pay he/she will also qualify in accordance with Article 12.6(a), for an amount equal to 50% of accumulated sick leave credits on the date of severance.
Payout of Sick Leave. 1. Except as specified below, upon separation of employment, each bargaining unit member who has completed at least twenty years of service within the bargaining unit, shall receive, upon separation of employment, the amount of 60 dollars for each accumulated and unused paid sick leave days remaining in their sick leave bank, up to a maximum of 150 days.
2. Such payments will not be made if any of the following occurs:
a. The employee does not provide at least 60 days written notice of separation to their Supervisor and the Human Resources Director of Compensation and Benefits.
b. The employee is terminated for misconduct.
Payout of Sick Leave. An employee entitled to sick leave under this Article shall receive forty percent (40%) of his unused accumulated sick leave upon:
(a) retirement on or after the attainment of the minimum retirement age in conformity with the Municipal Superannuation Act of B.C., whichever shall last occur, or
(b) retirement with a permanent disability entitling the employee to superannuation, or
(c) death of an employee while in the service of the Employer, payable to the employee’s estate, or
(d) severance, with five (5) or more years of seniority, as a payout of accumulated sick leave credits. This clause does not apply to employees dismissed for just cause or who resign unless the resignation follows layoff. *Note: Employees who were hired prior to September 13, 2005 will be grandparented to continue to receive severance, with five (5) or more years of seniority, as a payout of accumulated sick leave credits.
Payout of Sick Leave. The City will pay upon retirement or termination between minimum age of fifty-five (55) and maximum age of sixty-five (65) and upon death of any age, twenty-five percent (25%) of unused sick leave accumulation, plus after five (5) years service an additional two percent (2%) per year based on a maximum of one hundred and forty (140) days accumulated sick leave. Payment will be made at the employee's current base rate of pay. Employees not covered by the Municipal Superannuation Act qualify for the benefits under this article. Notwithstanding the above, it is agreed that the payout entitlements contained in this article shall be confirmed to existing entitled employees on the City's payroll as at July 12, 1993. New employees shall be entitled to all rights as contained in Article XI except such payouts.
Payout of Sick Leave. After five years of continuous employment with the City and upon retirement, a regular, part- time employee will receive compensation for unused sick leave as follows:
1. Upon retirement, an employee will receive 50% of all sick leave hours accrued and not used in the form of a deposit to their Retirement Health Savings Plan account. Payout of sick leave shall be provided on a graduated scale for employees who retire, based on years of service as follows:
a. An employee who retires after 5-9 years of service will have 50% cash-out, with a cap of $6,365.25 beginning July 1, 2017 and $6,524.38 beginning July 1, 2018.
b. An employee who retires after 10-14 years of service will have 50% cash-out, with a cap of $8,487 beginning July 1, 2017 and $8,699.18 beginning July 1, 2018.
c. An employee who retires after 15, or more, years of service will have 50% cash-out with a cap of $10,608.75 beginning July 1, 2017 and $10,873.97 beginning July 1, 2018.
d. Each cap will increase by the same percentage as across-the-board wage increases, beginning with the July 1, 2017 wage increase.
2. Upon leaving the City employment for reasons other than retirement, a three-quarter- time employee will receive 37.5% of all sick leave hours accrued. Calculations will be at the employee's rate of pay at the time of retirement and the payout will not exceed
3. Upon leaving the City employment for reasons other than retirement, a half-time employee will receive 25% of all hours accrued. Calculations will be at the employee's rate of pay at the time of termination and the payout will not exceed $1,000.
4. Upon the death of the employee, compensation for unused sick leave shall be at the same rate as the retirement benefit. Payment shall be made to the employee's designated beneficiary.
Payout of Sick Leave. There shall be no payout for the first 1,000 hours of accumulated sick leave. All balances for current employees over 1,000 hours as of June 30, 2013, will be frozen. By either retirement or separation with 25 years of service, these hours will be paid at the June 30, 2013 rate of pay at 100% into the
Payout of Sick Leave. Other than as specifically provided within this Agreement, payout of sick leave is not required by this Agreement.
Payout of Sick Leave. The City will pay upon retirement or termination between minimum age of fifty-five
Payout of Sick Leave. All bargaining unit employees will be permitted to request, with 30 days’ notice, a payout of any/all amounts of sick leave accrued in accordance with the schedule outlined in Section 10.4, above, with one exception: an employee must maintain a minimum of 10 days accrued sick time. If an employee requests a payout that leaves the employee with less than 10 accrued sick days remaining, the payout will be reduced so that 10 accrued sick days remain. Payouts will be permitted no more than one (1) time per year.
Payout of Sick Leave. An employee who qualifies for a payout pursuant to this Article based upon his/her age and/or years of service and who is laid off shall be afforded a period of twelve (12) months from the date of his/her layoff, or last day in the Reassigned Teacher Pool (whichever is later) to a resignation or retirement in order to qualify a payout. ARTICLE 39 TEACHER EVALUATION Incorporate Clinician plan. Eliminate reference to 3-29-2012 Plan The Board will not use school-wide value added growth measure as a component of student growth in an individual teacher’s evaluation. The Board shall share with the CTU members of the Joint Committee a draft of the REACH handbook no later than June 30th of each year and the Board and CTU members of Joint Committee shall try to reach consensus on the language before the Board publishes the handbook on or about August 1st.