Common use of TERMINAL LEAVE FOR DEFERRED PENSION Clause in Contracts

TERMINAL LEAVE FOR DEFERRED PENSION. Each regular, full-time, permanent Employee in full-pay status whose employment terminates after fifteen (15) years of creditable service in a regular, full-time, permanent employment as a "Sworn Uniform Police Officer", is eligible in all respects for a Deferred Pension benefit as defined by the New Jersey Department of the Treasury, retires and is awarded a Deferred Pension, shall be entitled to two (2) days Terminal Leave for each year of creditable service with the Township's Police Department at the then current daily rate of pay.

TERMINAL LEAVE FOR DEFERRED PENSION. Each regular, full-time, permanent Employee in full-pay status whose employment terminates after fifteen (15) years but less than twenty-five years of creditable service years in a regular, full-time, permanent employment as a "“Sworn Uniform Police Officer"”, is eligible in all respects for to a Deferred Pension benefit as defined by the New Jersey Department of the Treasury, retires retires, and is awarded a Deferred Pension, shall be entitled to two (2) days of Terminal Leave for each year of creditable service with the Township's ’s Police Department at the then current daily rate of pay.

TERMINAL LEAVE FOR DEFERRED PENSION. Each regular, full-time, permanent Employee in full-pay status whose employment terminates after fifteen (15) years but less than twenty-five (25) years of creditable service in a years of regular, full-time, permanent employment as a "“Sworn Uniform Police Officer", ” is eligible in all respects for to a Deferred Pension benefit as defined by the New Jersey Department of the Treasury, retires retires, and is awarded a Deferred Pension, shall be entitled to two (2) days of Terminal Leave for each year of creditable service with the Township's ’s Police Department at the then current daily rate of pay.