Common use of Conversion Upon Separation Clause in Contracts

Conversion Upon Separation. The employee may convert his/her Sick Leave subject to all of the following conditions: 1) The employee separates employment while in good standing (employee’s separation must not be for just cause) with the City; 2) The employee has at least ten (10) years of full-time public service, five (5) years of which must be full-time continuous service with the City; and 3) The employee must have a Sick Leave Balance of at least five hundred (500) hours at the time of separation; The rate of pay for such accumulated Sick Leave shall be at the employee's straight time hourly rate of pay at separation multiplied by one-third (1/3) of the total number of accumulated Sick Leave hours. Total payment under this provision shall not exceed 700 hours. In the event an employee dies while in the employ of the City, except as provided in paragraph (C) of this section, and the employee has at least ten (10) years of full-time public service, five

Conversion Upon Separation. The employee may convert his/her Sick Leave sick leave subject to all of the following conditions: 1) The employee separates employment while in good standing (employee’s separation must not be for just cause) with the City; 2) The employee has at least ten (10) years of full-time public service, five (5) years of which must be full-time continuous service with the City; and 3) The employee must have a Sick Leave Balance of at least five hundred (500) hours at the time of separation; The rate of pay for such accumulated Sick Leave sick leave shall be at the employee's straight time hourly rate of pay at separation multiplied by one-third (1/3) of the total number of accumulated Sick Leave sick leave hours. Total payment under this provision shall not exceed 700 hours. In the event an employee dies while in the employ of the City, except as provided in paragraph (C) of this section, and the employee has at least ten (10) years of full-time public service, five