Common use of Severance Account Clause in Contracts

Severance Account. The following Severance Account shall be effective: Interpreters must accumulate the maximum 250 days of sick leave to be eligible to accumulate days in the Severance Account. - Excess sick leave days beyond the 250 maximum will be transferred into a Severance Account for the Interpreter. - Severance Account days may not be used as sick leave days - Accumulated Severance Account days will be paid at a ratio of 1 day’s pay for each 4 days of accumulated Severance Account days at the time of retirement maximum payment of Severance Account days is limited to 45 days.

Severance Account. The following Severance Account shall be effective: Interpreters Psychologist must accumulate the maximum of 250 days of sick leave to be eligible to accumulate days in the Severance Account. -  Excess sick leave days beyond the 250 maximum will be transferred into a Severance Account for the InterpreterPsychologist. -  Severance Account days may not be used as sick leave days - days.  Accumulated Severance Account days will be paid at a ratio of 1 day’s pay for each 4 days of accumulated Accumulated Severance Account days at the time of retirement maximum retirement. Maximum payment of Severance Account days is limited to 45 days.

Severance Account. The following Severance Account shall be effective: Interpreters Psychologist must accumulate the maximum of 250 days of sick leave to be eligible to accumulate days in the Severance Account. - • Excess sick leave days beyond the 250 maximum will be transferred into a Severance Account for the InterpreterPsychologist. - • Severance Account days may not be used as sick leave days - days. • Accumulated Severance Account days will be paid at a ratio of 1 day’s pay for each 4 days of accumulated Accumulated Severance Account days at the time of retirement maximum retirement. Maximum payment of Severance Account days is limited to 45 days.