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By-law Number 2216 (cont'd) <br /> <br />is the lesser at his rate of pay received immediately prior to termination <br />of employment. <br /> <br />8. Ail employees with a minimum of five years service upon retire- <br />ment may elect to receive the monies payable under paragraph 7 hereof or <br />receive a leave of absence with pay for that number of days innnediately <br />prior to the date of his retirement equal to 50% of his accumulated sick <br />leave but in no event in excess of six months salary. <br /> <br /> This By-law shall come into force and take effect as of the <br />final passing thereof. <br /> <br />Finally passed this 3rd day of March , 1976. <br /> <br />1st reading- March 3, 1976 <br />2nd reading- March 3, 1976 <br />3rd reading- March 3, 1976 <br /> <br /> <br />