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the number of such unused vacation leave days multiplied by the <br /> EMPLOYEE's then current annual salary divided by two hundred sixty <br /> (260) . In no event shall more than twenty-five (25) days of <br /> vacation be paid in cash to the EMPLOYEE at termination and <br /> regardless of the vacation leave actually accrued. <br /> SECTION EIGST. Sick Leave. The EMPLOYEE has accrued sixty- <br /> eight (68) days of sick leave as of October 1, 1992. Thereafter, <br /> the EMPLOYEE shall earn one ( lj additional day of sick leave for <br /> each month of service rendered under this Agreement. However, the <br /> maximum amount of sick leave which may be accrued is two hundred <br /> forty (240) days. The EMPLOYEE shall not be entitled to any cash <br /> payment for unused sick leave at the termination of this Agreement. <br /> SECTION NINE. Deferred Compensation. Prior to termination of <br /> this Agreement, and while the EMPLOYEE remains in the employ of the <br /> CITY as its City Manager, the City of Decatur shall contribute <br /> Seven Thousand Five Hundred Dollars ($7,500.00) on or before <br /> January 15 of each year to the ICMA Retirement Corporation Deferred <br /> Compensation Plan on behalf of the EMPLOYEE. Should the EMPLOYEE <br /> voluntarily separate from employment with the CITY prior to October <br /> 1, 1993, the EMPLOYEE shall be obligated to repay twenty percent <br /> (20$) , i.e. , Fifteen Hundred Dollars ($1,500.00) of the payment to <br /> be made by the CITY on or about January 15, 1993. It is mutually <br /> understood and agreed that this repayment shall be made by the <br /> EMPLOYEE directly to the CITY and that no payment adjustment shall <br /> be made to the ICMA Retirement Corporation Deferred Compensation <br /> Plan by either the CITY or the EMPLOYEE. It is agreed that the <br /> 4 <br />