CASH PAYMENT ON RETIREMENT. Upon retirement from Department service under the applicable retirement plan or upon death while in active service, an employee shall be entitled to a lump sum payment calculated at the hourly rate in effect on the last day of Department service for each classification as set forth in Appendix A, times twenty percent (20%) of the employee's unused accrued sick leave to a maximum of 2,912 hours in the case of employees who work 56- hour weeks or 2,080 hours in the case of employees who work 40-hour weeks.
Appears in 6 contracts
Samples: Safety Employees, Safety Employees, Safety Employees
CASH PAYMENT ON RETIREMENT. Upon retirement from Department service under the applicable retirement plan or upon death while in active service, an employee shall be entitled to a lump sum payment calculated at the hourly rate in effect on the last day of Department service for each classification as set forth in Appendix A, times twenty percent (20%) of the employee's unused accrued sick leave to a maximum of 2,912 hours in the case of employees who work 56- 56-hour weeks or 2,080 hours in the case of employees who work 40-hour weeks.
Appears in 6 contracts
Samples: Memorandum of Understanding, Memorandum of Understanding, Sideletter of Agreement
CASH PAYMENT ON RETIREMENT. Upon retirement from Department service under the applicable retirement plan or upon death while in active service, an employee shall be entitled to a lump sum payment calculated at the hourly rate in effect on the last day of Department service for each classification as set forth in Appendix A, times twenty percent (20%) % of the employee's unused accrued sick leave to a maximum of 2,912 hours in the case of employees who work 56- 56-hour weeks or 2,080 hours in the case of employees who work 40-hour weeks.
Appears in 5 contracts
Samples: Sideletters of Agreement, www.acgov.org, Grievance Procedure
