Compensation for Accrued Sick Leave. An employee or employee's estate shall be entitled to receive a cash payout equal to 60% of the value of their accrued unused sick leave credit, from July 1, 1974 forward, computed from the last base wage of the employee, including all base monthly special assignment and incentive pay. Payment shall be made as soon as practicable following the occurrence of any of the following events:
Appears in 3 contracts
Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding
Compensation for Accrued Sick Leave. β An employee or employee's estate shall be entitled to receive a cash payout equal to 60% of the value of their accrued unused sick leave credit, from July 1, 1974 forward, computed from the last base wage of the employee, including all base monthly special assignment and incentive pay. Payment shall be made as soon as practicable following the occurrence of any of the following events:
Appears in 2 contracts
Samples: Memorandum of Understanding, Memorandum of Understanding
Compensation for Accrued Sick Leave. An employee or employee's estate shall be entitled to receive a cash payout settlement equal to 6050% of the value of their accrued unused sick leave credit, from July 1, 1974 forward, computed from the last base wage salary of the employee, including all base monthly special assignment and incentive pay. Payment shall be made as soon as practicable following the occurrence of any of the following events:
b. Retirement under the City's retirement system or resigns when eligible for such retirement;
Appears in 2 contracts
Samples: Memorandum of Understanding, Memorandum of Understanding
Compensation for Accrued Sick Leave. An employee or employee's estate shall be entitled to receive a cash payout equal to 6050% of the value of their accrued unused sick leave credit, from July 1, 1974 forward, credit computed from the last base wage salary of the employee, including all base monthly special assignment and incentive pay. Effective June 20, 2015, the cash payout shall increase to 60% of the value of the accrued unused sick leave credit. Payment shall be made as soon as practicable following the occurrence of any of the following events: If an employee with unused sick leave credit:
Appears in 1 contract
Samples: Memorandum of Understanding
Compensation for Accrued Sick Leave. An β Effective June 20, 2015, an employee or employee's estate shall be entitled to receive a cash payout equal to 60% of the value of their accrued unused sick leave credit, from July 1, 1974 forward, credit computed from the last base wage salary of the employee, including all base monthly special assignment and incentive pay. Payment shall be made as soon as practicable following the occurrence of any of the following events:
Appears in 1 contract
Samples: Memorandum of Understanding
Compensation for Accrued Sick Leave. An employee or employee's estate shall be entitled to receive a cash payout equal to 60% of the value of their accrued unused sick leave credit, from July 1, 1974 forward, computed from the last base wage salary of the employee, including all base monthly special assignment and incentive pay. Payment shall be made as soon as practicable following the occurrence of any of the following events:
Appears in 1 contract
Samples: Memorandum of Understanding
Compensation for Accrued Sick Leave. An Effective June 20, 2015, Aan employee or employee's estate shall be entitled to receive a cash payout equal to 605060% of the value of their accrued unused sick leave credit, from July 1, 1974 forward, credit computed from the last base wage salary of the employee, including all base monthly special assignment and incentive pay. Effective June 20, 2015, the cash payout shall increase to 60% of the value of the accrued unused sick leave credit. Payment shall be made as soon as practicable following the occurrence of any of the following events:
Appears in 1 contract
Samples: Memorandum of Understanding
Compensation for Accrued Sick Leave. An Effective June 20, 2015, an employee or employee's estate shall be entitled to receive a cash payout equal to 60% of the value of their accrued unused sick leave credit, from July 1, 1974 forward, credit computed from the last base wage salary of the employee, including all base monthly special assignment and incentive pay. Payment shall be made as soon as practicable following the occurrence of any of the following events:
Appears in 1 contract
Samples: Memorandum of Understanding
Compensation for Accrued Sick Leave. An employee or employee's estate shall be entitled to receive a cash payout equal to 60% of the value of their accrued unused sick leave credit, from July 1, 1974 forward, computed from the last base wage salary of the employee, including all base monthly special assignment and incentive pay. Payment shall be made as soon as practicable following the occurrence of any of the following events:
b. Retirement under the City's retirement system or resigns when eligible for such retirement;
Appears in 1 contract
Samples: Memorandum of Understanding
Compensation for Accrued Sick Leave. An employee or employee's estate shall be entitled to receive a cash payout settlementpayout equal to 60650% of the value of their accrued unused sick leave credit, from July 1, 1974 forward, computed from the last base wage salary of the employee, including all base monthly special assignment and incentive pay. Payment shall be made as soon as practicable following the occurrence of any of the following events:
b. Retirement under the City's retirement system or resigns when eligible for such retirement;
Appears in 1 contract
Samples: Memorandum of Understanding