Payment Upon Termination, Retirement, Death Clause Samples
Payment Upon Termination, Retirement, Death. Unused banked sick leave, up to 50% of 960 hours, upon the employee’s resignation, retirement or death shall be paid to the employee [max of 480 hours].
Payment Upon Termination, Retirement, Death. Upon separation of employment with the Employer, the employee shall be paid for seventy-five percent (75%) of paid time off days earned and credited, at the employee’s current rate of pay.
Payment Upon Termination, Retirement, Death. Employees who retire, die or terminate their employment with the Employer shall be paid for 75% of paid time off days earned and credited, at the employee’s current rate of pay. There will be no payoff of paid time off to any employee separating with less than one year of service with the County.