Common use of SICK LEAVE PAY OUT AT HONORABLE SEPARATION Clause in Contracts

SICK LEAVE PAY OUT AT HONORABLE SEPARATION. Upon honorable separation from the City (retirement, death, or resignation with no pending investigation or disciplinary matter), employees with five (5) or more years of continuous service with the City may elect to receive cash payment of their accumulated and unused sick leave hours, up to 100 hours. Each hour of cashed-out sick leave will be paid at the employee’s base hourly rate at the time of separation. Federal taxation law governs this section and the City may require employees to submit an irrevocable election form the calendar year prior to separation to take advantage of this benefit.

SICK LEAVE PAY OUT AT HONORABLE SEPARATION. Upon honorable separation from the City (retirement, death, or resignation with no pending accompanying investigation or disciplinary matter), employees with five (5) or more years of continuous service with the City City, may elect to receive cash payment of their accumulated and unused sick leave hours, up to 100 hours. Each hour of cashed-out sick leave will be paid at the employee’s base hourly rate at the time of separation. Federal taxation law governs this section section, and the City may require employees to submit an irrevocable election form the calendar year prior to separation to take advantage of this benefit.

SICK LEAVE PAY OUT AT HONORABLE SEPARATION. ‌ Upon honorable separation from the City (retirement, death, or resignation with no pending investigation or disciplinary matter), employees with five (5) or more years of continuous service with the City may elect to receive cash payment of their accumulated and unused sick leave hours, up to 100 hours. Each hour of cashed-out sick leave will be paid at the employee’s base hourly rate at the time of separation. Federal taxation law governs this section and the City may require employees to submit an irrevocable election form the calendar year prior to separation to take advantage of this benefit.