Redemption of Accumulated Sick Leave at Retirement or Death. a) Employees who retire after the required number of years of service or employees who retire due to disability and when such disability is connected to work, shall be paid a lump sum of money that is equal to the number of sick days due such employee not to exceed one hundred thirty-five (135) days times the prevailing day rate of pay received by such employee on the date of such retirement.
Appears in 3 contracts
Redemption of Accumulated Sick Leave at Retirement or Death. a) a. Employees who retire after the required number of years of service service, or employees who retire due to disability and when such disability is connected to workdisability, shall be paid a lump sum of money that is equal to the one-half (1/2) number of sick days due such employee not to exceed one hundred thirty-five (135) days times the prevailing day rate of pay received by such employee on the date of such retirement.
Appears in 2 contracts