Upon application by a retiring employee, at
least 60 days prior to retirement, the appointing authority shall
certify the amount of unused sick leave. The payment on account therefor
shall be made by the City of North Wildwood to the retiring employee
in three equal annual installments commencing on the first day of
July of the year following the year of the employee's effective retirement
date. In the event of the death of the employee subsequent to the
effective retirement date, but prior to payment of any or all the
installments of said supplemental retirement benefit, the installment
or installments falling due after the death of the employee will be
made to the executor, administrator, legatee or next of kin, as determined
in the sole discretion of the City of North Wildwood, upon submission
of proper proof of entitlement by that person making a claim therefor,
and any such decision by the City of North Wildwood and payment pursuant
thereto shall be final and conclusive as to all persons and shall
discharge the City of North Wildwood, to the extent of such payment,
from any further liability to any other person with respect thereto.
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