Common use of - Accrued Sick Leave Separation Plan Clause in Contracts

- Accrued Sick Leave Separation Plan. Effective as of the date hereof and commencing with regard to sick leave accrued after December 31, 2001, employees who separate from positions in the qualified service and who meet the requirements set forth in this article shall be paid in the manner and amount set forth herein. (a) Payment for accrued but unused sick leave shall be made only to separated former employees who: i. have separated from service; and ii. as of the date of separation had accrued sick leave credit of no less than sixty (60) days; and iii. as of the date of separation had: 1. no less than twenty (20) years of qualified service as computed for separation purposes, or 2. who have reached sixty years of age, or 3. who are required to separate early because of disability. (b) When an employee having no less than sixty (60) days of accrued sick leave dies prior separation, he/she shall be deemed to have separated because of disability at the time of death, and payment for his/her accrued sick leave shall be paid to the designated beneficiary as provided in this Section. (c) The amount payable to each employee qualified hereunder shall be one-half (½) the daily rate of pay for the position held by the employee on the day of separation, notwithstanding subsequent retroactive pay increases, for each day of accrued sick leave subject to a minimum of sixty (60) days. (d) The amount payable under this Section shall be paid in a lump sum following separation from employment but not more than sixty (60) days after the date of the employee's separation. (e) If an employee entitled to payment under this Section dies prior to receiving the full amount of such benefit, the payment shall be made to the beneficiary entitled to the proceeds of his or her Minneapolis group life insurance policy or to the employee's estate if no beneficiary is listed.

- Accrued Sick Leave Separation Plan. Effective as of the date hereof and commencing with regard to sick leave accrued after December 31, 2001, employees Employees who separate from positions in the qualified service and who meet the requirements set forth in this article Article shall be paid in the manner and amount set forth herein. (a) Payment for accrued but unused sick leave shall be made only to separated former employees who: i. have separated from service; and ii. as of the date of separation had accrued sick leave credit of no less than sixty (60) days; and iii. as of the date of separation had: 1. no less than twenty (20) years of qualified service as computed for separation purposes, or 2. who have reached sixty years of age, or 3. who are required to separate early because of disabilityeither disability or having reached mandatory retirement age. (b) When an employee having no less than sixty (60) days of accrued sick leave dies prior to separation, he/she shall be deemed to have separated because of disability at the time of death, and payment for his/her accrued sick leave shall be paid to the designated beneficiary as provided in this Section. (c) The amount payable to each employee qualified hereunder shall be one-half (½) the daily rate of pay for the position held by the employee on the day of separation, notwithstanding subsequent retroactive pay increases, for each day of accrued sick leave subject to a minimum of sixty (60) days. (d) The 100% of the amount payable under this Section shall be paid in a lump sum following separation from employment but not more than sixty deposited into the Health Care Savings Account (60MSRS). This deposit shall occur within thirty (30) days after of the date of the employee's separation. (e) If an employee entitled to payment under this Section dies prior to receiving the full amount of such benefit, the payment shall be made to the beneficiary entitled to the proceeds of his or her Minneapolis group life insurance policy or to the employee's estate if no beneficiary is listed.

- Accrued Sick Leave Separation Plan. Effective as of the date hereof and commencing with regard to sick leave accrued after December 31, 2001, employees who separate from positions in the qualified service and who meet the requirements set forth in this article shall be paid in the manner and amount set forth herein.‌ (a) Payment for accrued but unused sick leave shall be made only to separated former employees who: i. have separated from service; and ii. as of the date of separation had accrued sick leave credit of no less than sixty (60) days; and iii. as of the date of separation had: 1. no less than twenty (20) years of qualified service as computed for separation purposes, or 2. who have reached sixty years of age, or 3. who are required to separate early because of either disability. (b) When an employee having no less than sixty (60) days of accrued sick leave dies prior separation, he/she to separation they shall be deemed to have separated because of disability at the time of death, and payment for his/her the employee’s accrued sick leave shall be paid to the designated beneficiary as provided in this Section. (c) The amount payable to each employee qualified hereunder shall be one-half (½) the daily rate of pay for the position held by the employee on the day of separation, notwithstanding subsequent retroactive pay increases, for each day of accrued sick leave subject to a minimum of sixty (60) days. (d) The 100% of the amount payable under this Section shall be paid in a lump sum following separation from employment but not more than sixty deposited into the Health Care Savings Account (60MSRS). This deposit shall occur within thirty (30) days after of the date of separation, provided however, that in the employee's separationcase of involuntary termination, this deposit shall occur only after final disposition is reached or all timelines to contest the discharge have expired, whichever is later. (e) If an employee entitled to payment under this Section dies prior to receiving the full amount of such benefit, the payment shall be made to the beneficiary entitled to the proceeds of his or her the employee’s Minneapolis group life insurance policy or to the employee's estate if no beneficiary is listed.

- Accrued Sick Leave Separation Plan. Effective as of the date hereof and commencing with regard to sick leave accrued after December 31, 2001, employees Employees who separate from positions in the qualified service and who meet the requirements set forth in this article section shall be paid in the manner and amount set forth herein. (a) Payment for accrued but unused sick leave shall be made only to separated former employees who: i. have separated from service; and ii. as of the date of separation had accrued sick leave credit of no less than sixty (60) days; and iii. as of the date of separation had: 1. no less than twenty (20) years of qualified service as computed for separation purposes, or 2. who have reached sixty years of age, or 3. who are required to separate early because of either disability. (b) When an employee having no less than sixty (60) days of accrued sick leave dies prior to separation, he/she shall be deemed to have separated because of disability at the time of death, and payment for his/her accrued sick leave shall be paid to the designated beneficiary as provided in this Section. (c) The amount payable to each employee qualified hereunder shall be one-half (½) the daily rate of pay for the position held by the employee on the day of separation, notwithstanding subsequent retroactive pay increases, for each day of accrued sick leave subject to a minimum of sixty (60) days. (d) The amount payable under this Section shall be paid in a lump sum following separation from employment but not more than sixty (60) days after the date of the employee's separation. (e) If an employee entitled to payment under this Section dies prior to receiving the full amount of such benefit, the payment shall be made to the beneficiary entitled to the proceeds of his or her Minneapolis group life insurance policy or to the employee's estate if no beneficiary is listed.

- Accrued Sick Leave Separation Plan. Effective as of the date hereof and commencing with regard to sick leave accrued after December 31, 2001, employees Employees who separate retire from positions in the qualified service and who meet the requirements set forth in this article shall be paid in the manner and amount set forth herein. (a) a. Payment for accrued but unused sick leave shall be made only to separated retired former employees who: i. have separated from service; and ii. as of the date of separation separation, had accrued sick leave credit of no less than sixty (60) days; and iii. as of the date of separation had: 1. no less than twenty (20) years of qualified service as computed for separation purposes, or 2. who have reached sixty years of age, or 3. who are required to separate retire early because of disability. (b) b. When an employee having no less than sixty (60) days of accrued sick leave dies prior to separation, he/she shall be deemed to have separated separation because of disability at the time of death, and payment for his/her accrued sick leave shall be paid to the designated beneficiary as provided in this Section. (c) c. The amount payable to each employee qualified hereunder shall be one-half (½) the daily rate of pay for the position held by the employee on the day of separation, notwithstanding subsequent retroactive pay increases, for each day of accrued sick leave subject to a minimum of sixty (60) days. (d) d. The amount payable under this Section shall be paid in a lump sum following separation from employment but not more than sixty (60) days after the date of the employee's separation. e. One-hundred percent (e100%) of the amount payable under this Section shall be deposited into the Health Care Savings Plan (MSRS). This deposit shall occur within thirty (30) days of the date of separation, provided, however, that in the case of involuntary termination, this deposit shall occur once all timelines to contest the discharge have expired. f. If an employee entitled to payment under this Section dies prior to receiving the full amount of such benefit, the payment shall be made to the beneficiary entitled to the proceeds of his or her Minneapolis group life insurance policy or to the employee's estate if no beneficiary is listed.

- Accrued Sick Leave Separation Plan. Effective as of the date hereof and commencing with regard to sick leave accrued after December 31, 2001, employees Employees who separate from positions in the qualified service and who meet the requirements set forth in this article Article shall be paid in the manner and amount set forth herein. (a) Payment for accrued but unused sick leave shall be made only to separated former employees who: i. have separated from service; and ii. as of the date of separation had accrued sick leave credit of no less than sixty (60) days; and iii. as of the date of separation had: 1. no less than twenty (20) years of qualified service as computed for separation purposes, or 2. who have reached sixty years of age, or 3. who are required to separate early because of either disability. (b) When an employee having no less than sixty (60) days of accrued sick leave dies prior separation, to separation he/she shall be deemed to have separated because of disability at the time of death, and payment for his/her the employee’s accrued sick leave shall be paid to the designated beneficiary as provided in this Section. (c) The amount payable to each employee qualified hereunder shall be one-half (½) the daily rate of pay for the position held by the employee on the day of separation, notwithstanding subsequent retroactive pay increases, for each day of accrued sick leave subject to a minimum of sixty (60) days. (d) The 100% of the amount payable under this Section shall be paid in a lump sum following separation from employment but not more than sixty deposited into the Health Care Savings Account (60MSRS). This deposit shall occur within thirty (30) days after of the date of separation, provided however, that in the employee's separationcase of involuntary termination, this deposit shall occur only after final disposition is reached or all timelines to contest the discharge have expired, whichever is later. (e) If an employee entitled to payment under this Section dies prior to receiving the full amount of such benefit, the payment shall be made to the beneficiary entitled to the proceeds of his or her the employee’s Minneapolis group life insurance policy or to the employee's estate if no beneficiary is listed.

- Accrued Sick Leave Separation Plan. Effective as of the date hereof and commencing with regard to sick leave accrued after December 31, 2001, employees Employees who separate from positions in the qualified service and who meet the requirements set forth in this article Article shall be paid in the manner and amount set forth herein. (a) A. Payment for accrued but unused sick leave shall be made only to separated former employees who: i. have separated from service; and ii. as of the date of separation had accrued sick leave credit of no less than sixty (60) days; and iii. as of the date of separation had: 1. no less than twenty (20) years of qualified service as computed for separation purposes, or 2. who have reached sixty years of age, or 3. who are required to separate early because of disability. (b) B. When an employee having no less than sixty (60) days of accrued sick leave dies prior to separation, he/she they shall be deemed to have separated because of disability at the time of death, and payment for his/her their accrued sick leave shall be paid to the designated beneficiary as provided in this Section. (c) C. The amount payable to each employee qualified hereunder shall be one-half (½) the daily rate of pay for the position held by the employee on the day of separationretirement, notwithstanding subsequent retroactive pay increases, for each day of accrued sick leave subject to a minimum of sixty (60) days. (d) The D. 100% of the amount payable under this Section shall be paid in a lump sum following separation from employment but not more than sixty deposited into the Health Care Savings Account (60MSRS). This deposit shall occur within thirty (30) days after of the date of separation, provided however, that in the employee's separationcase of involuntary termination, this deposit shall occur only after final disposition is reached or all timelines to contest the discharge have expired, whichever is later. (e) E. If an employee entitled to payment under this Section dies prior to receiving the full amount of such benefit, the payment shall be made to the beneficiary entitled to the proceeds of his or her their Minneapolis group life insurance policy or to the employee's estate if no beneficiary is listed.

- Accrued Sick Leave Separation Plan. Effective as of the date hereof and commencing with regard to sick leave accrued after December 31, 2001, employees Employees who separate from positions in the qualified service and who meet the requirements set forth in this article shall be paid in the manner and amount set forth herein. (a) Payment for accrued but unused sick leave shall be made only to separated former employees who: i. have separated from service; and ii. as of the date of separation had accrued sick leave credit of no less than sixty (60) days; and and iii. as of the date of separation hadseparation: 1. had no less than twenty (20) years of qualified service as computed for separation pension eligibility purposes, or 2. who have reached sixty years of age, or 3. who are required to separate early because of disabilityeither disability or having reached mandatory retirement age. (b) When an employee having no less than sixty (60) days of accrued sick leave dies prior separationto separation , he/she shall be deemed to have separated because of disability at the time of death, and payment for his/her accrued sick leave shall be paid to the designated beneficiary as provided in this Section. (c) The amount payable to each employee qualified hereunder shall be one-half (½) the daily rate of pay for the position held by the employee on the day of separation, notwithstanding subsequent retroactive pay increases, for each day of accrued sick leave subject to a minimum of sixty (60) days. (d) The 100% of the amount payable under this Section shall be paid in a lump sum following separation from employment but not more than sixty deposited into the Health Care Savings Account (60MSRS). This deposit shall occur within thirty (30) days after of the date of separation, provided, however, that in the employee's separationcase of involuntary termination, this deposit shall occur once all timelines to contest the discharge have expired. (e) If an employee entitled to payment under this Section dies prior to receiving the full amount of such benefit, the payment shall be made to the beneficiary entitled to the proceeds of his or her Minneapolis Employer group life insurance policy or to the employee's estate if no beneficiary is listed.

- Accrued Sick Leave Separation Plan. ‌ Effective as of the date hereof and commencing with regard to sick leave accrued after December 31, 2001, employees who separate from positions in the qualified service and who meet the requirements set forth in this article shall be paid in the manner and amount set forth herein. (a) Payment for accrued but unused sick leave shall be made only to separated former employees who: i. have separated from service; and ii. as of the date of separation had accrued sick leave credit of no less than sixty (60) days; and iii. as of the date of separation had: 1. no less than twenty (20) years of qualified service as computed for separation purposes, or 2. who have reached sixty (60) years of age, or 3. who are required to separate early because of disability. (b) When an employee having no less than sixty (60) days of accrued sick leave dies prior separation, he/she they shall be deemed to have separated because of disability at the time of death, and payment for his/her their accrued sick leave shall be paid to the designated beneficiary as provided in this Section. (c) The amount payable to each employee qualified hereunder shall be one-half (½) the daily rate of pay for the position held by the employee on the day of separation, notwithstanding subsequent retroactive pay increases, for each day of accrued sick leave subject to a minimum of sixty (60) days. (d) The amount payable under this Section shall be paid in a lump sum following separation from employment but not more than sixty (60) days after the date of the employee's separationseparation provided however, that in the case of involuntary termination, this deposit shall occur only after final disposition is reached or all timelines to contest the discharge have expired, whichever is later. (e) If an employee entitled to payment under this Section dies prior to receiving the full amount of such benefit, the payment shall be made to the beneficiary entitled to the proceeds of his or her their Minneapolis group life insurance policy or to the employee's estate if no beneficiary is listed.

- Accrued Sick Leave Separation Plan. Effective as of the date hereof and commencing with regard to sick leave accrued after December 31, 2001, employees Employees who separate from positions in the qualified service and who meet the requirements set forth in this article Article shall be paid in the manner and amount set forth herein. (a) Payment for accrued but unused sick leave shall be made only to separated former employees who: i. have separated from service; and ii. as of the date of separation had accrued sick leave credit of no less than sixty (60) days; and iii. as of the date of separation had: 1. no less than twenty (20) years of qualified service as computed for separation purposes, or 2. who have reached sixty years of age, or 3. who are required to separate early because of either disability. (b) When an employee having no less than sixty (60) days of accrued sick leave dies prior separation, he/she to separation they shall be deemed to have separated because of disability at the time of death, and payment for his/her the employee’s accrued sick leave shall be paid to the designated beneficiary as provided in this Section. (c) The amount payable to each employee qualified hereunder shall be one-half (½) the daily rate of pay for the position held by the employee on the day of separation, notwithstanding subsequent retroactive pay increases, for each day of accrued sick leave subject to a minimum of sixty (60) days. (d) The 100% of the amount payable under this Section shall be paid in a lump sum following separation from employment but not more than sixty deposited into the Health Care Savings Account (60MSRS). This deposit shall occur within thirty (30) days after of the date of separation, provided however, that in the employee's separationcase of involuntary termination, this deposit shall occur only after final disposition is reached or all timelines to contest the discharge have expired, whichever is later. (e) If an employee entitled to payment under this Section dies prior to receiving the full amount of such benefit, the payment shall be made to the beneficiary entitled to the proceeds of his or her the employee’s Minneapolis group life insurance policy or to the employee's estate if no beneficiary is listed.