Command Officers who terminate their employment with the City for any reason shall have their termination pay computed in the following manner:
(a) They shall be compensated for any earned vacation and bonus vacation including any vacation carried over from the previous year plus vacation earned the year in which the Command Officer terminated employment. The computation of the vacation earned in the year in which the Command Officer terminated shall be in accordance with the following table:
Entitled to 2 weeks - 1.000 x the number of months worked.
Entitled to 3 weeks - 1.417 x the number of months worked.
Entitled to 4 weeks - 1.834 x the number of months worked.
Entitled to 5 weeks - 2.250 x the number of months worked.
Entitled to 6 weeks - 2.667 x the number of months worked.
(b) In addition to the above, the Command Officer shall be paid for any holidays worked for which he has not been compensated either in the form of pay or time off. If the Command Officer was entitled to discretionary holidays and has not taken them and he terminates on or before June 30, he shall receive pay for one (1) discretionary holiday. If the Command Officer terminates after June 30, he shall receive pay for two (2) discretionary holidays.
(c) Command Officers who retire or die or who separate in good standing from employment after twenty five (25) years of service shall also receive severance pay for unused sick time accumulated to time of termination at the rate of one half (½) for all such accumulated sick time up to two hundred (200) days and full pay for accumulated sick time in excess of two hundred (200) days.
(d) A Command Officer who dies as the direct result of injuries sustained in the course of his employment with the City, or who is totally and permanently disabled as a result of injuries received under unusual circumstances which may arise in the performance of his law enforcement duties, shall receive payment for his full accumulation of sick pay at the time of this death or retirement.
An employee shall be entitled to the pay-outs herein no later than ninety (90) days after said employee terminates employment with the City.