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entitled to the following cash out provisions below: <br /> a. After ten (10) years, but less than fifteen (15) years of service, the <br /> employee shall be entitled to fifty percent(50%)of the amount of unused <br /> sick leave benefits credited to either 1) their R11S account, or 2) their <br /> individual 457 account,or 3) cash upon the effective date of separation, <br /> not to exceed a maximum limit of six hundred forty(640)hours. <br /> b. After fifteen (15) years, but less than twenty (20) years of service, the <br /> employee shall be entitled to fifty percent (50%) of unused sick leave <br /> benefits credited to either 1)their RHS account,or 2)their individual 457 <br /> account, or 3)cash upon the effective date of separation,not to exceed a <br /> maximum limit of eight hundred (800)hours. <br /> c. After twenty (20) years, but less than twenty-five (25) years of service, <br /> the employee shall be entitled to sixty-six and sixty-seven hundredths <br /> percent(66.671/o)of unused sick leave benefits credited to either 1)their <br /> RHS account, or 2) their individual 457 account, or 3) cash upon the <br /> effective date of separation, not to exceed a maximum limit of one <br /> thousand sixty-seven(1,067) hours, <br /> d. After twenty-five (25) years of service or more, the employee shall be <br /> entitled to one hundred percent (100%) of the amount of unused sick <br /> leave benefits credited to either 1) their RHS account, or 2) their <br /> individual 457 account,or 3) cash upon the effective date of separation, <br /> not to exceed a maximum limit of two thousand (2,000)hours. <br /> 2. A lump sum payment shall be made to the beneficiaries of any eligible <br /> employee whose death occurs while such employee is an active employee of <br /> the City, such payment to be in the amount of two-thirds (2/3) of the total <br /> sick leave benefit credited to the employee's account at the time of their <br /> death, and at the rate of pay effective on the date of the death. <br /> 3. Association members who notify the City, in writing,of their intent to retire <br /> from the City within twelve(12)calendar months shall be allowed to cash out <br /> any and all eligible leave bank balances, including sick leave,upon request. <br /> Employees shall receive payment the first paycheck in January after the <br /> request has been made. If an employee cashes out their eligible leave bank <br /> balances prior to retirement and subsequently remains employed one(1)year <br /> after their initial notice of intent to retire, said employee shall be ineligible to <br /> accrue one hundred (100) hours of management vacation the next calendar <br /> year. <br /> 32 <br />