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Proposed (from Council discussion March 10, 2008) <br />SEVERANCE PAY <br />An employee resigning his/her employment with the City may be eligible for a cash <br />payment for unused sick leave if the following conditions are met: <br />The employee must resign in good standing (not terminated by the <br />City); and <br />2. The employee must provide proper written notice of his/her <br />resignation (see Resignation Policy above); and <br />The employee must execute a release of claims. <br />Payment shall be based on the consecutive years of service completed by the <br />employee and his/her accrued sick leave balance. <br />1. An employee terminating after completing two (2) years of <br />consecutive service will receive payment for fifty percent (50%) of <br />his/her accumulated sick leave balance up to a maximum payment <br />for four hundred eighty (480) hours. Payment shall be at the <br />current rate of pay when the resignation is submitted. <br />Any accumulated sick leave in excess of nine hundred sixty (960) hours is not eligible for <br />payment under this policy. Employees may continue to accumulate sick leave in excess <br />of nine hundred sixty (960) hours to be used in accordance with the Family Medical <br />Leave Act. <br />