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For the purposes of computing overtime compensation and compensatory time,overtime hours <br /> worked shall not be pyramided,compounded,or paid twice for the same hours worked. <br /> 5.8 Severance Pay <br /> Severance pay,based on eligible unused sick leave,is available to employees who have at least <br /> five(5)years of continuous service with the City and resign"in good standing".If,the employee <br /> is terminated because of malfeasance in office,gross misconauct, conviction of a felon <br /> conviction for an illegal act involving personal gain to the employee,then employer shall have no <br /> obligation to pay the aforementioned severance paw <br /> ,ja to <br /> Eligible sick leave <br /> includes combined total of both traditional sick leave and earned sick and safe time,payable at the <br /> percentages shown below... <br /> Qualifying employees who resign"in good standing"shall receive a lump sum payment upon <br /> termination,of employment with the city of Ramsey based on thirty-three(33)percent of commented[cL20]:This section to be discussed with the City <br /> employee's unused,accumulated sick leave after five(5)years of continuous employment. After council. <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 /> 31 � <br />