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<br />At the employee's election, payment of unused sick leave may be received in <br />either a lump sum of money, or in equal monthly payments for a period of up <br />to five (5) years. <br /> <br />A lump sum payment shall be made to the beneficiaries of any eligible <br />employee whose death occurs while such employee is an active employee of <br />the City, such payment to be in the amount of one-third (II3) ofthe total sick <br />leave benefit credited to the employee's account at the time of his or her <br />death, and at the rate of pay effective on the date of death. <br /> <br />2. At his or her option, an employee may convert any lump sum payment <br />provided herein into health insurance premiums, to the extent necessary to <br />provide the employee and his or her designated eligible dependents, if any, <br />with benefits under the health insurance program maintained by the City. <br />The City's obligation to pay such premium shall terminate upon the <br />happening of any of the following events: <br /> <br />a. Premiums have been paid on behalf of the former employee until all <br />monies are exhausted; or <br /> <br />b. The sum of premiums paid equals one hundred fifty percent (150%) <br />of the amount of the lump sum payment that the employee would <br />have received for unused sick leave benefits had this option not been <br />elected. <br /> <br />c. Except in cases of disability retirement, upon nondisciplinary <br />termination of employment after fifteen (I5) years of cumulative full- <br />time service with the City, each qualified employee shall be entitled <br />to payment for two-thirds (2/3) of the total sick leave benefit credited <br />to his or her account upon the effective date of such termination to be <br />applied toward health insurance premiums only as specified in <br />Section K(2) above excluding Subsections a and b. <br /> <br />10.2 Bereavement Leave. <br /> <br />A. An employee shall be granted up to 24 hours leave without loss of pay in case of <br />death of a member ofthe employee's immediate family. Such leave is designated as <br />bereavement leave. "Immediate family" as used in this section is limited to: <br /> <br />I. Any member of the employee's household related by blood or marriage; <br /> <br />2. A parent, parent-in-law, spouse, child, brother, sister, grandparent or <br />grandchild of the employee, regardless ofresidence; <br /> <br />45 <br />