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The arbitrator shall have no right to amend, modify, nullify, ignore, add <br />to, or subtract from the terms and conditions of this policy. The arbitrator <br />shall consider and decide only the specific issue(s) submitted in writing by <br />the City and the employee, and shall have no authority to make decisions <br />on any other issue not so submitted. <br />The fees and expenses for the arbitrator's services and proceedings shall be borne <br />equally by the City and the employee. <br />207.35 Resignation <br />Resignation is a voluntary act initiated by the employee to terminate employment <br />with the City. Although advance notice is not legally required, the City requests at least <br />two weeks' written resignation notice from all non-exempt employees, and thirty (30) <br />days from exempt employees pursuant to FLSA standards, to remain in good standing. <br />If an employee does not provide advance notice as requested, the employee may be <br />considered ineligible for re -hire. Further, resignation without appropriate notice may <br />result in forfeiture of severance pay provisions. <br />207.36 Severance <br />A full-time employee who has completed a minimum of ten (10) years of service <br />and who terminates employment in good standing shall receive severance pay in an <br />amount to be calculated at the employee's base pay rate upon leaving in accordance with <br />the following schedule: <br />Years of Service Accrued, Unused Sick Leave <br />After 10 Years <br />After 15 Years <br />After 20 Years <br />25.0% <br />33.3% <br />50.0% <br />The maximum amount of severance pay provided shall be limited to a calculation <br />based on a maximum of four hundred and eighty (480) hours. See also vacation. <br />20 <br />