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<br />2. The employee must provide proper written notice of his/her resignation <br />(see Resignation Policy above); and <br /> <br />3. <br /> <br />.Ih.e .~~p.lo)'e.e .~!lst. ~~.e~!l!~. fl.rel~as.e .0J .claillls. <br /> <br />Payment shall be based on the consecutive years of service completed by the employee <br />and his/her accrued sick leave balance. <br /> <br />1. An employee terminating after completing five (5) years of consecutive <br />service will receive payment for fifteen percent (15%) of his/her <br />accumulated sick leave balance up to a maximum payment for one <br />hundred forty-four (144) hours. Payment shall be at the current rate of <br />pay. <br /> <br />2. An employee terminating after completing fifteen (15) years of <br />consecutive service will receive payment for twenty percent (20%) of <br />his/her accumulated sick leave balance up to a maximum payment for one <br />hundred ninety-two (192) hours. Payment shall be at the current rate of <br />pay. <br /> <br />3. An employee terminating after completing twenty (20) years of <br />consecutive service will receive payment for twenty-five percent (25%) of <br />his/her accumulated sick leave balance up to a maximum payment of two <br />hundred forty (240) hours of pay. Payment shall be at the current rate of <br />pay. <br /> <br />For example, if an employee satisfies the above conditions, has completed ten years of service, <br />and has accumulated 1,000 hours of sick leave and makes $10.00 per hour, the employee will <br />receive severance pay as follows: <br /> <br />1,000 hours x 15% = 150 hours <br />Maximum hours eligible for severance pay = 144 hours <br />144 hours x $1O.00/hour = $1,440severance pay <br /> <br />Any accumulated sick leave in excess of nine hundred sixty (960) hours is not eligible for <br />payment under this policy.... ~rnplo)'e~s. rn.ay..c()ntilllle to flc(;U1I1111ate. .sicl< .le.av.~. ~~. e~(;e~.s. ~rni~e<::: <br />hundred sixty (960) hours to be used in accordance with the Familv Medical Leave Act...____..... . <br /> <br />12 <br /> <br />Deleted: <#>Employees hired before <br />March I, 2000, must have worked for the <br />City for at least two (2) consecutive <br />years. Employees hired on or after <br />March I, 2000 must have worked for the <br />city for at least five (5) consecutive years; J' <br /> <br />~~tmmmmmmm...____.....m.mm_ <br /> <br />{Deleted: (960 x !.s..::'~."" 144~_mJ <br />.. {Deleted: , howev;:.-....----.J <br />Del~: as a form '~f';;'~~e'1 <br />protection in the event of unexpected i <br />:;=~~esses during ~~~__....J <br />