Common use of Option One Clause in Contracts

Option One. In July of each year the CITY shall reimburse the employee for twenty five percent (25%) of the immediate past fiscal year’s earned but unused sick leave hours. Under this option, upon retirement all unused sick leave is converted to service credit; or

Appears in 4 contracts

Sources: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding

Option One. In July of each year the CITY shall reimburse the employee for twenty five percent (25%) percent of the immediate past fiscal year’s earned but unused sick leave hours. Under this option, upon retirement all unused sick leave is converted to service credit; or

Appears in 1 contract

Sources: Memorandum of Understanding