(1) At the end of each calendar year, employees may carry over up to 1,440 hours of paid sick leave into the following calendar year. Accrued sick leave beyond this maximum amount shall not be carried over into the following year and shall be forfeited.

(2) Any employee whose accrued sick leave exceeds the maximum carryover amount set forth in subsection (1) of this section as of December 31, 2018, shall have such excess hours cashed out at 25 percent. [Res. 767 § 1.5, 2018.]