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. ' <br />(2) Regular employees with ten (1,0) or more years of service <br />with the city, who terminate their employment because of reduction <br />of Cityemployment or changes in municipal operations. <br />(3) Reigular employiees w"th ten (110�) or more years of service <br />with the City who die before they terim,inate their employment <br />shall have the iselveiran,ce play as calculated 'in this section paid <br />to thelir named beneficiary or their estate if they fail to name a <br />living benefiCiary,. <br />The severance, pay sha,ll be in an amount. which equals fifty <br />(50) peircent of the accumulated sick leave said employee would b <br />entitled, to receive, but in no event shiall such severance pay <br />excieed the equivialent of one month's, pay at the employee's wage <br />rate at the time of such separation. <br />