Reimbursement of Unused or Unconverted Sick Leave Upon Separation Sample Clauses

Reimbursement of Unused or Unconverted Sick Leave Upon Separation. After 10 years of continuous (uninterrupted) CITY service and upon voluntary separation under satisfactory conditions (as determined by the City Manager), an EMPLOYEE shall be eligible to receive a cash payment equivalent to 25% of all unused sick leave, less the total number of hours converted to either cash, vacation, or a combination thereof as set forth in Article 7, Section (C) (1) (e). Such reimbursement is to be computed upon the EMPLOYEE'S final compensation rate. [e.g. 600 (balance of sick leave hours on the books after conversion and use) x .25 = 150. 150 - 400 (hours converted previously) = -0-]
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Related to Reimbursement of Unused or Unconverted Sick Leave Upon Separation

  • Unused Sick Leave The accrual of unused sick leave hours is unlimited. The City and the Union commit to the evaluation and establishment of a mutually beneficial non-use of sick leave incentive and pay-out policy. Until such time that a policy is established, accumulated sick leave shall be compensated as follows: Upon retirement from the City service, an employee shall be paid sixty percent (60%) of his accumulated sick leave, with the rate of payment based upon his regular pay at the time he retires. Upon the death of an employee, his beneficiary shall be paid sixty percent (60%) of his accumulated unused sick leave, with the payment based upon his regular pay at the date of his death.

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