Leave payout for annual leave will occur under the following circumstances:
The maximum annual leave payout amounts are as follows:
*If reemployed by the University within 60 days, any annual leave paid at time of separation may be restored upon repayment.
Leave payout for compensatory leave will occur under the following circumstances:
*Only the amount in excess of the maximum compensatory leave balance will be paid to the employee.
Leave payout for sick leave will occur under the following circumstances:
Only one-fourth of the employee's sick leave balance, up to a maximum of 480 hours may be paid out.
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