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Upon passage of Ordinance Serial No. 03-33(SUB)(AM), current employees who have accrued unused annual leave accumulated under former WMC 3.20.020 through July 31, 2003, will be permitted to convert one hour of leave for one hour of PTO under the new policy. Upon passage of Ordinance Serial No. 03-33(SUB)(AM), current employees who have accrued unused sick leave accumulated under former WMC 3.20.030 through July 31, 2003, may continue to use that sick leave (in accordance with former WMC 3.20.030(F)) until it is completely exhausted; however, such sick leave shall be used and exhausted before PTO. The city in its sole discretion may permit employees to be paid cash for 25 percent of such accrued sick leave upon passage of this Ordinance Serial No. 03-33(SUB)(AM) or at the time the employee resigns or terminates from city employment. (Ord. 03-33(SUB)(AM) § 2, 2003)