149.07   SEVERANCE PAY.
   Any full-time employee of the Village who retires, and who has completed ten or more years of service to the Village, the State of Ohio, or any of the State's political subdivisions shall be entitled to receive severance pay in an amount equal to one-fourth of his or her accumulated sick leave time at his or her per diem rate of pay on the last day of service with the Village. The maximum benefit to be paid under this section is the equivalent of fifty days pay.
(Ord. 1608.  Passed 1-25-99.)