Common use of Resignation and/or Retirement Clause in Contracts

Resignation and/or Retirement. A person about to resign or about to retire under the provisions of Nevada PERS or who is to be laid off without fault on their part, and who has earned annual leave, may be granted annual leave for the time so earned not to exceed the annual maximum for the annual accrual for the employee. Annual leave must be taken prior to the effective date of any such resignation, retirement, or layoff; or, in lieu of such annual leave, an employee may be granted a lump sum payment for annual leave accrued.

Resignation and/or Retirement. A person about to resign or about to retire under the provisions of Nevada PERS or who is to be laid off without fault on their part, and who has earned annual leave, may be granted annual leave for the time so earned not to exceed the annual maximum for the annual accrual for the employee. Annual Such annual leave must be taken prior to the effective date of any such resignation, retirement, retirement or layoff; or, in lieu of such annual leave, an employee may be granted a lump sum payment for annual leave accrued.

Resignation and/or Retirement. A person about to resign or about to retire under the provisions of Nevada PERS or who is to be laid off without fault on their part, and who has earned annual leave, may be granted annual leave for the time so earned not to exceed the annual maximum for the annual accrual for the that employee. Annual Such annual leave must be taken prior to the effective date of any such resignation, retirement, retirement or layoff; or, in lieu of such annual leave, an employee may be granted a lump sum payment for annual leave time accrued.