Common use of Payment for Unused Paid Absence Leave Clause in Contracts

Payment for Unused Paid Absence Leave. In addition to the payment provided, in A. an employee, upon retirement, shall be eligible to receive a severance payment in an amount obtained by multiplying 75% of the employee's unused paid absence leave at the time of retirement, not to exceed one-hundred (100) days times the employee's daily rate.

Payment for Unused Paid Absence Leave. In addition to the payment provided, in A. an employee, upon retirement, An eligible employee shall be eligible to receive a severance payment in an amount obtained by multiplying 75% eighty percent (80%) of the employee's ’s unused paid absence leave at the time of retirement, not to exceed one-hundred eighty (10080) days days, times the employee's ’s daily raterate of pay, as determined by subdivision 2.

Payment for Unused Paid Absence Leave. In addition to the payment provided, in A. an employee, upon retirement, shall be eligible to receive a severance payment in an amount obtained by multiplying 7566% of the employee's unused paid absence leave at the time of retirement, not to exceed one-hundred eighty five (10085) days times the employee's daily rate.