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time off shall not exceed 120 hours at any time. Once an employee has accrued 120 hours of <br />compensatory time off, compensation for additional hours worked must be paid in cash rather than <br />accrued as compensatory time off. <br />The GityCity reserves the right to payout any compensatory time off hours in excess of 80 hours, <br />as it deems necessary. <br />The GityCity allows employees to cash out up to a maximum 40 hours of compensatory time off <br />annually to be paid out up to twice annually ; January 1 through January 15, and November 1 <br />through November 15 of each year, t� totaling a maximum payout of 40 hours of compensatory <br />time off. Note: upon terminating employment with the GityCity, all compensatory time off will be <br />paid out at 100% of the accrued balance. <br />For the purposes of calculating overtime, an employee using paid holidays, vacation leave, sick <br />leave, or compensatory time off is considered to be working. <br />Accrued compensatory time off may be used with prior approval from the employee's Department <br />Head or the Department Head's designee.- Upon an employee's separation from the GityCity, <br />there will be a pay -out of accrued and unused compensatory time off will be paid ouT at the then <br />current hourly rate of pay. <br />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 ESST,sick leave, is available to employees who have at <br />least five (5) years of continuous regular service with the GityCity and resign "in good standing". <br />If the employee is terminated because of malfeasance in office, gross misconduct, conviction of a <br />felony, or conviction for an illegal act involving personal gain to the employee, then employer <br />shall have no obligation to pay the aforementioned severance pay. Employees who are discharged <br />are not "in good standing" and may not receive severance pay pursuant to this policy <br />- Formatted: Strikethrough <br />Eligible ESSTick leave includes combined total of both traditional sick leave and earned sick and {Formatted: Strikethrough <br />safe time, is based on the percentages shown below - <br />Years of Continuous <br />Percentage of Unused <br />Additional 1O% With 3- <br />Employment <br />Accumulated Sick Leave <br />Month Notice of <br />Payable <br />Resignation <br />years <br />33% <br />43% <br />10 years <br />45% <br />55% <br />15 years <br />50% <br />60% <br />Eligible severance may will applied per the applicable PEHCSP agreement, as provided in Policy <br />4,8, <br />Qualifying employees who resign "' - . - : ' - � " - . - - • - . . -- : . -- :. -- - .:: <br />termination of employment with the cityCity of Ramsey based on thirty-three (33) percent of <br />employee's unused, accumulated sick leave after five (5) years of continuous employment. After <br />381Page <br />