Annual Leave Payout Sample Clauses

Annual Leave Payout. Employees participating in DROP subject to employer policy have one of the following options:
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Annual Leave Payout. Any employee who is laid off, discharged, retired, or separated from the service of the employer for any reason, shall be compensated in cash for the unused annual leave hours accumulated at the time of separation, not to exceed the maximum accrual of four hundred hours. In the case of death, a payment will be made to the estate for the total amount of accrued annual leave hours, not to exceed the maximum accrual. Each Employee shall receive, monthly, a balance of total vacation time available. An Employee may, at the discretion of Employer, take a shift of unscheduled vacation. Such vacation can be tentatively scheduled in advance, but is subject to a call in to determine availability of sufficient staffing for the shift. With sufficient staffing, two firefighters may be off each shift year round; however, the second firefighter off must be on a call in basis. The call in must be made to the supervisor on duty and cannot occur prior to 0600 or after 0615 on the day of the shift scheduled to be worked.
Annual Leave Payout. Any employee taking at least 6 weeks annual leave in a year (1 July to 30 June) will not be subject to the payout provisions outlined below Employees with more than 9 weeks accrued annual leave as at 1 July each year will have two weeks annual leave paid out Employees with more than 6 weeks accrued annual leave can elect to have two weeks paid out in a 12 month period (being 1 July to 30 June)
Annual Leave Payout. Employee shall be entitled to receive a lump sum payment for any and all days of Annual Leave accrued in accordance with Section 10 of Employee’s Employment Agreement, as amended.
Annual Leave Payout. Employee shall have the option each year to pay out unused annual leave balance or carry over into next year.

Related to Annual Leave Payout

  • Annual Leave (a) An employee may elect with the consent of the employer, subject to the Annual Xxxxxxxx Xxx 0000, to take annual leave not exceeding five days in single day periods or part thereof, in any calendar year at a time or times agreed by the parties.

  • Incentive Pay (1) For any calendar year: in which twenty-five percent (25%) of the number of members employed as of January 1 of each year are rated as either Level II or Level III in every phase of the PFT then

  • Annual Compensation The Executive’s “Annual Compensation” for purposes of determining severance payable under this Agreement shall be deemed to mean the sum of (i) the annual rate of Base Salary as of the Date of Termination, and (ii) the cash bonus, if any, earned by the Executive for the calendar year immediately preceding the year in which the Date of Termination occurs.

  • Year of Service An Employee must complete at least Hours of Service during a Vesting Computation Period to receive credit for a Year of Service under Article V. [Note: The number may not exceed 1,000. If left blank, the requirement is 1,000.]

  • Vacation; Leave A part-time employee shall earn vacation leave credits for each month in which the employee receives pay for at least twice the number of hours in the employee’s normal workweek, at the rate for years of service established in clause 34.02 of this Agreement, prorated and calculated as follows:

  • Annual Bonus Compensation In addition to your Salary, during the Employment Term you shall be eligible to earn an annual bonus for each whole or partial calendar year during the Employment Term, determined and payable as follows (the “Bonus”):

  • Employees; Compensation The Consultant shall be solely responsible for the following:

  • Final Compensation Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS prior to January 15, 2011, is based on the highest average monthly pay rate during twelve (12) consecutive months of employment. Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS on or after January 15, 2011, is based on the highest average monthly pay rate during thirty-six (36) consecutive months of employment.

  • Bonus Compensation The Executive shall not receive any bonus payment whatsoever pursuant to Section 3.02 or the Bonus Plan except such bonus which is already earned and due to be paid up to and including the Termination Date, notwithstanding any period following the Termination Date during which the Executive may receive any payments or benefits under the terms of the Agreement.

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