Subd. 2. Benefits Clause Samples
Subd. 2. Benefits. The faculty member shall receive a sick leave liquidation payment in an 42 amount equal to forty percent (40%) of the faculty member’s accumulated but unused sick 43 leave balance (not to exceed 112 days) plus twelve and one-half percent (12 ½%) of the 44 faculty member’s accumulated but unused sick leave bank times the faculty member’s 1 regular daily rate of pay at the time of separation. If necessary, accumulated but unused bank 2 days shall be added to the sick leave balance to attain the one hundred and twelve (112) days 3 maximum. Faculty members who become eligible for sick leave liquidation pursuant to 4 Subd. 1. A., C., and D. above shall receive a lump sum payment during the pay period 5 immediately following their last pay period.
Subd. 2. Benefits. The faculty member shall receive enhanced sick leave liquidation 2 pay in an amount equal to fifty percent (50%) of the faculty member’s accumulated but 3 unused sick leave balance (not to exceed one hundred twelve (112) days) plus twelve and
4 a half percent (12 ½%) of the faculty member’s accumulated but lapsed unused sick leave 5 times the faculty member’s regular daily rate of pay at the time of separation. If 6 necessary, accumulated but unused bank days shall be added to the sick leave balance to 7 attain one hundred twelve (112) days maximum.
Subd. 2. Benefits. The faculty member shall receive enhanced sick leave liquidation pay in 15 an amount equal to fifty percent (50%) of the faculty member’s accumulated but unused sick 16 leave balance (not to exceed one hundred twelve (112) days) plus twelve and a half percent