Common use of Payment for Unused PTO Clause in Contracts

Payment for Unused PTO. The County will pay up to six hundred forty (640) hours of unused PTO to the employee's then current level of compensation upon death of an employee to the employee's estate or designated beneficiary. Up to six hundred forty (640) hours of PTO at time of resignation or retirement shall be paid 50% as cash and 50% deposited into a Health Care Savings Plan administered by the Minnesota State Retirement System as a severance to be used following separation of County service.

Payment for Unused PTO. The County will pay up to six hundred forty (640) hours of unused PTO to all unit employees at the employee's then current level of compensation upon death of an employee to the employee's estate or designated beneficiary. Up to six hundred forty (640) hours hrs of PTO at time of resignation or retirement shall be paid 50% as cash and 50% deposited into a Health Care Savings Plan Account administered by the Minnesota State Retirement System as a severance to be used following separation of County service.

Payment for Unused PTO. The County will pay up to six hundred forty (640) hours of unused PTO to all unit employees at the employee's ’s then current level of compensation upon death of an employee to the employee's ’s estate or designated beneficiary. Up to six hundred forty (640) hours of PTO at time of resignation or retirement shall be paid 50% as cash and 50% deposited into a Health Care Savings Plan Account administered by the Minnesota State Retirement System as a severance to be used following separation of County service.