Common use of Upon Retirement or Death Clause in Contracts

Upon Retirement or Death. Upon retirement or death the employee's accrued sick leave up to and including 840 hours will be exchanged for pay at the rate of 100% of the employee's current base pay. The maximum payment shall be $20,000.

Upon Retirement or Death. Upon retirement or death the employee's accrued sick leave up to and including 840 hours will be exchanged for pay at the rate of 100% of the employee's current base pay. The Effective January 1, 2006, maximum payment shall be $20,00016,500.

Upon Retirement or Death. Upon retirement or death the employee's accrued sick leave up to and including 840 hours will be exchanged for pay at the rate of 100% of the employee's current base pay. The maximum payment shall be $20,00016,500.