[Derived from Ch. II, Sec. 2-31, of the 1978 Code]
The following terminal leave pay shall be given upon the voluntary resignation, retirement or death of any employee covered by this article with 10 years or more of service:
All employees covered by this article shall receive, at any time after completing five years of service (whether or not continuous) with the borough, a payment equal to 1/2 of said employee's accumulated unused sick leave days calculated at the rate of said employees' base daily compensation at the time of voluntary resignation, retirement or death times the number of unused sick days the employee has accumulated; provided, however, that:
All employees covered by this article shall receive, upon resignation, retirement or death, vacation pay in compensation for earned but unused vacation days. Vacation leave may be accumulated for not in excess of two years.