TERMINAL LEAVE. Any employee who is separated from State service for any reason including layoff shall receive within seven (7) days a lump sum payment for the number of hours of accrued annual leave at the employee's annualized hourly rate of pay.
TERMINAL LEAVE. 24.1. An employee covered by this Agreement, who retires under the provisions of the Employees Retirement System of Milwaukee, (but excluding retirement on deferred or actuarially reduced pensions, as they are defined under the System) shall, upon retirement, be entitled to a lump sum payment equivalent to one eight-hour work shift' s base salary for each eight-hour work shift equivalent of the employee' s earned and unused sick leave up to a maximum of thirty (30) eight-hour work shifts of pay.
TERMINAL LEAVE. A. Any employee who retires on a monthly pension payment from the Public Employees Retirement System after completing twenty-five (25) years of service with the Township of Teaneck shall be eligible for a lump sum terminal leave payment based on 50% of his/her accumulated sick leave
TERMINAL LEAVE. 1. The number of sick leave days that can be used for terminal leave purposes will be determined as follows:
TERMINAL LEAVE. A. Eligibility will be governed by the following:
TERMINAL LEAVE. 1. An employee retiring on City pension under either the Employees' Retirement System of Milwaukee plan or the Policemen's Annuity and Benefit Fund plan (but excluding retirement on deferred pension when employee has less than 25 years' service or actuarially reduced pension, as they are defined in both plans) shall, upon retirement, be entitled to receive a lump sum payment equivalent to one eight-hour workday's base salary for each one eight-hour day of the employee's earned and unused sick leave up to a maximum of fifty-five (55) such equivalent eight-hour workdays of base salary. The term "eight-hour workday's base salary," as used herein, is defined as an amount equivalent to the employee's biweekly base salary, as defined and determined by the BASE SALARY Article of this Agreement, divided by 10.
TERMINAL LEAVE. Terminal leave shall be paid at sixty percent (60%) of the final rate of pay for a maximum of one hundred twenty (120) days of unused accumulated sick leave days accumulated prior to July 1, 2010, either to his/her estate upon death while in the Board’s employ, or upon retirement under the provisions of the Michigan Public Schools Employees' Retirement Act. Employees shall not receive any terminal leave pay for accumulated unused paid time off (PTO).
TERMINAL LEAVE. A. A teacher who retires in accordance with the provisions of the Michigan Public School Employees Retirement Act shall receive either $55/day for each day of accumulated sick leave or $100/year for each year of service to the East Lansing School District. The maximum amount payable shall not exceed $7,500. Proof of retirement application is required under this section. This payment shall be made on a lump-sum basis in the fiscal year immediately following the retirement. The teacher may elect to receive that payment in either July or January.
TERMINAL LEAVE. Within sixty (60) calendar days of an employee’s effective date of retirement, said employee shall have the right to schedule up to sixty (60) calendar days of terminal leave, excluding scheduled days off, using accrued and unused compensatory or vacation leave that otherwise would be paid out at termination. Any leave time that would not be paid out at termination is not eligible for use in this terminal leave period.
TERMINAL LEAVE. In case of an employee terminating services at any time after the employee has established eligibility for vacation benefits, the employee shall receive cash payment for whatever vacation that employee has accrued.
