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What's the difference between terminal leave and termination pay?

Termination Pay: You retire with all your Cumulative Absent Reserve (CAR) days and are paid out for half your days at your daily rate.  

Terminal Leave: You use your CAR days, every 2 days in reserve counting as one day, to stay on payroll and retire off your leave. Terminal Leaves may not cross over semesters and you must give your principal at least 30 days notice (OP40) before the start of your leave.