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ARTICLE 20 SEVERANCE PAY <br /> 20.1 Severance pay shall be granted in the amount of fifty percent(50%) of unused sick leave <br /> to employees who have completed ten years of service. Upon death of the employee, the <br /> beneficiary of the employee shall be paid the benefit. <br /> 20.2 Employees who have completed ten years of service and retire may elect, in lieu of <br /> severance pay as provided in Section 20.1,to have the employer use sixty-five percent <br /> (65%) of the employee's accumulated and banked sick leave for the retiree's group <br /> insurance premium for as long as the funds are available up to the retiree's 65th birthday. <br /> ARTICLE 21 HOLIDAYS <br /> All employees shall receive the following holidays: New Years Day, Martin Luther King Day, <br /> Presidents Day, Good Friday, Memorial Day, Independence Day, Labor Day, Veterans Day, <br /> Thanksgiving Day, Day After Thanksgiving and Christmas Day. Employees assigned to work <br /> on these holidays shall receive an extra one-half hour of pay for any hours worked. <br /> ARTICLE 22 INJURY ON DUTY <br /> Employees injured during the performance of their duties for the EMPLOYER and thereby <br /> rendered unable to work for the EMPLOYER will be paid the difference between the employee's <br /> regular pay and Worker's Compensation insurance paymentsfor a period not to exceed ninety <br /> (90) working days per injury, not charged to the employee's vacation, sick leave or other <br /> accumulated paid benefits, after a three (3)working day initial waiting period per injury. The <br /> three (3) working day waiting period shall be charged to the employee's sick leave account less <br /> Worker's Compensation insurance payments. Employees drawing Worker's Compensation <br /> benefits will not receive supplementary IOD pay or sick leave pay which provides for more after <br /> tax take-home pay than the employee made while working. <br /> ARTICLE 23 CAFETERIA PLAN <br /> The EMPLOYER will evaluate, and if feasible within federal and state laws and Internal <br /> Revenue Service regulations, implement a Cafeteria Plan benefit program. <br /> ARTICLE 24 WAIVER <br /> X24.1 The parties mutually acknowledge that during the negotiations which resulted in this <br /> AGREEMENT, each had the unlimited right and opportunity to make demands and <br /> proposals with respect to any term or condition of employment not removed by law from <br /> bargaining. All agreements and understandings arrived at by the parties are set forth in <br /> writing in this AGREEMENT for the stipulated duration of this AGREEMENT. The <br /> EMPLOYER and the UNION each voluntarily and unqualifiedly waives the right to meet <br /> 14 <br />