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w, . <br /> Agreement will be paid in cash to the Employee at such time in an <br /> amount equal to the number of such unused vacation leave days <br /> multiplied by the Employee' s then current annual salary divided <br /> by two hundred sixty (260) . <br /> 6 . ) SICK LEAVE. The Employee shall accrue twenty (20) days <br /> of sick leave as of October l , 1988 . Thereafter, the Employee <br /> shall earn one additional day of sick leave for each month of <br /> service under the provisions hereof. Sick leave may be accrued <br /> to a maximum of 240 days. <br /> 7 . ) DEFERRED COMPENSATION. On or before January 15, 1989, <br /> and on or before each January 15 of each year thereafter during <br /> the term of this Agreement, the City of Decatur shall contribute <br /> $2500 to the ICMA Retirement Corporation Deferred Compensation <br /> Plan on behalf of the Employee. On or before May 15, 1989 and on <br /> or before each May 15 of each year thereafter during the term of <br /> this Agreement, the City of Decatur shall contribute an <br /> additional Five Thousand Dollars ($5,000) to the ICMA Retirement <br /> Corporation Deferred Compensation Plan on behalf of the Employee. <br /> Should the Employee voluntarily separate from employment with the <br /> a e to re a an <br /> Cit prior to October 1 , 1991 , he shall be oblig t d p y <br /> Y <br /> amount equal to sixty per cent (60$) of all payments made under <br /> this paragraph. It is mutually understood that this repayment <br /> shall be made directly to the City of Decatur and that no payment <br /> adjustment shall be made to the ICMA Retirement Corporation <br /> Deferred Compensation Plan by either the City or the Employee. <br /> The deferred compensation required by this paragraph shall be in <br /> addition to that compensation required by the terms of paragraph <br /> 4 hereof. <br />