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employee's unused, accumulated sick leave after five (5)years of continuous employment. After <br /> fifteen(15) years of continuous employment, the employee will instead receive thirty-five (35) <br /> percent of said employee's unused, accumulated sick leave. After twenty (20) years of continuous <br /> employment, the employee will instead receive thirty-seven(37) percent of unused accumulated <br /> sick leave. After twenty-five (25)years of continuous employment, the employee will instead <br /> receive forty (40)percent of said employee's unused, accumulated sick leave. Eligible severance <br /> pay will be applied per the applicable PEHCSP agreement as provided in Policy 4.8. <br /> Receipt of severance pay terminates all seniority rights and ends all city of Ramsey liability with <br /> regard to other benefits, except as otherwise provided by law and any applicable collective <br /> bargaining agreement. <br /> 251Page <br />