Common use of Conversion at Separation Clause in Contracts

Conversion at Separation. An employee who has a minimum of five (5) years’ service with the Employer and who terminates state service or retires shall convert to cash any sick leave accrued at the employee’s regular rate at the time of separation at the rate of fifty percent (5 0%). If an employee dies, the converted sick leave shall be paid to his/her estate. An employee who is granted military leave or leave without pay may be paid for accrued sick leave or may keep it in reserve for use upon return at his/her discretion. An employee who is re-employed, reinstated or recalled from lay off and who received a lump sum payment for unused sick leave may have such days restored by returning the amount paid by the Employer for the number of days to be restored. Employees hired after July 1, 1986, who have previous service with political subdivisions of the State may use sick leave accrued with such prior Employers but shall not be permitted to convert such sick leave to cash.

Conversion at Separation. An employee who has a minimum of five (5) years’ ' service with the Employer and who terminates state service or retires shall convert to cash any sick leave accrued at the employee’s 's regular rate at the time of separation at the rate of fifty percent (5 0%). If an employee dies, the converted sick leave shall be paid to his/her estate. An employee who is granted military leave or leave without pay may be paid for accrued sick leave or may keep it in reserve for use upon return at his/her discretion. An employee who is re-employed, reinstated or recalled from lay off and who received a lump sum payment for unused sick leave may have such days restored by returning the amount paid by the Employer for the number of days to be restored. Employees hired after July 1, 1986, who have previous service with political subdivisions of the State may use sick leave accrued with such prior Employers but shall not be permitted to convert such sick leave to cash.