Common use of Compensation for Accrued Sick Leave Clause in Contracts

Compensation for Accrued Sick Leave. If an employee with unused sick leave credit dies; retires under the City's retirement system; resigns when eligible for such retirement; resigns to enter a City elective office without a break in continuity of City service and serves in such office employment until retired under the City's retirement system; or is laid off because of the abolishment of his/her position or employment or because of absence of funds; he/she or his/her estate shall be entitled to receive one-half (½) of the value of his/her accrued sick leave computed from his/her last base salary as an employee, except that, sick leave earned prior to July 1, 1974 will be available for sick leave use only and will not have monetary value at the time of retirement or death. When deducting sick leave used by an employee, that sick leave earned after June 30, 1974, will be deducted before deducting sick leave earned prior to July 1, 1974. Payment shall be made as soon as practicable following the occurrence of any of the foregoing events. (1974 MOU & CSR XV)

Compensation for Accrued Sick Leave. If an employee with unused sick leave credit dies; retires under the City's retirement system; resigns when eligible for such retirement; resigns to enter a City elective office without a break in continuity of City service and serves in such office employment until retired under the City's retirement system; or is laid off because of the abolishment of his/her position or employment or because of absence of funds; he/she or his/her estate shall be entitled to receive one-half (½) 60% of the value of his/her accrued sick leave computed from his/her last base salary as an employee, except that, sick leave earned prior to July 1, 1974 will be available for sick leave use only and will not have monetary value at the time of retirement or death. When deducting sick leave used by an employee, that sick leave earned after June 30, 1974, will be deducted before deducting sick leave earned prior to July 1, 1974. Payment shall be made as soon as practicable following the occurrence of any of the foregoing events. (1974 MOU & CSR XV)This “cash out” shall be directed to the employees XXXX account.

Compensation for Accrued Sick Leave. If an employee with unused sick leave credit dies; retires under the City's retirement system; resigns when eligible for such retirement; resigns to enter a City elective office without a break in continuity of City service and serves in such office employment until retired under the City's retirement system; or is laid off because of the abolishment of his/her position or employment or because of absence of funds; he/she or his/her estate shall be entitled to receive one-half (½) 70%60% of the value of his/her accrued sick leave computed from his/her last base salary as an employee, except that, sick leave earned prior to July 1, 1974 will be available for sick leave use only and will not have monetary value at the time of retirement or death. When deducting sick leave used by an employee, that sick leave earned after June 30, 1974, will be deducted before deducting sick leave earned prior to July 1, 1974. Payment shall be made as soon as practicable following the occurrence of any of the foregoing events. (1974 MOU & CSR XV)This “cash out” shall be directed to the employees XXXX account.