Eligibility for participation in the bank will discontinue upon termination of employment, death of the employee, or failure to donate the required minimum yearly rate noted above. Benefits from the bank are not available retroactively. Once benefits are donated, they are no longer available to the employee. When the balance of the bank reaches 45 days, a special donation period may be opened. Days remaining in the Sick Leave Bank at the end of a fiscal year will be carried over to the next fiscal year.
Donations made during benefits choice period qualify the donor for the following fiscal year.
The minimum amount of sick leave an employee may contribute is one day. Donations to the bank must be in one day increments. Once sick leave has been donated to the bank, it cannot be restored to the donating employee. No transfer of funds occurs, but the contributing employee's sick leave balance is reduced by the number of days donated. Employees may not designate a particular employee to receive their donated time.