Common use of Option Two Clause in Contracts

Option Two. All sick leave accumulates and upon retirement and completion of ten (10) years of employment with the CITY, the employee may receive payment for one-half (1/2) of any accumulated but unused sick leave up to a maximum of six hundred (600) hours and receive service credit for the remainder OR may choose to convert the entire balance of their sick leave to service credit. Under either option, the value of unused sick leave is calculated at the regular rate of pay at the date of the buyback.

Option Two. All sick leave accumulates and upon retirement and completion of ten (10) years of employment with the CITYCity, the employee may receive payment for one-half (1/2) of any accumulated but unused sick leave up to a maximum of six hundred (600) hours and receive service credit for the remainder OR may choose to convert the entire balance of their sick leave to service credit. Under either option, the value of unused sick leave is shall be calculated at the regular hourly rate of pay at the date of the buyback.