Compensation for Accrued Vacation-Leave Sample Clauses

Compensation for Accrued Vacation-Leave. Upon the completion of employment with the City, an employee, or employee's estate, shall be entitled to receive a cash payout equal to 100% of the value of accrued unused vacation credit, computed from the last base wage of the employee, including all base monthly special assignment and incentive pay. Payment shall be made as soon as practicable following the termination of employment.
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Compensation for Accrued Vacation-Leave. 1. Upon separation, employees will be compensated for all vacation leave accrued, except for the additional hours accrued above the current cap during the term of this Agreement, in accordance with these rules and regulations. Such compensation shall be at the employee’s salary rate at the time of separation.
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Compensation for Accrued Vacation-Leave. Upon separation from City service, an employee shall receive compensation for up to 500 hours of vacation leave. Such compensation shall be paid at the employee’s regular rate of pay at the time of separation.
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Compensation for Accrued Vacation-Leave. 5.05.3.1 Upon separation, an employee shall receive compensation for accrued vacation leave. Such compensation at the time of separation shall be paid at the employee’s regular rate of pay.
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Compensation for Accrued Vacation-Leave. 27.1 In the event that an employee's accrued vacation time exceeds two hundred forty (240) hours, then the employee shall be compensated for all such hours at the current salary level; or shall be required to immediately schedule and take vacation leave. Employees with more than 240 hours shall not accrue any more vacation time until the hours drop below the 240-hour mark.
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Related to Compensation for Accrued Vacation-Leave

  • Accrued Vacation It is further agreed by the parties hereto that, upon sale or transfer of ownership of any store or upon dissolution of business, vacation pay for all months worked for which no vacation pay has been given shall be immediately paid to all employees coming under this Agreement, regardless of length of time said employee has been with the Employer.

  • Annual Vacation Leave 33.01 An Employee shall not take vacation leave without prior authorization from the Employer.

  • Vacation Leave Credits for Severance Pay Where the employee requests, the Employer shall grant the employee’s unused vacation leave credits prior to termination of employment if this will enable the employee, for purposes of severance pay, to complete the first (1st) year of continuous employment in the case of lay-off.

  • ’ Compensation Leave If such determination cannot readily be made and all healthcare leave or annual leave subject to 100% payoff has been applied to the absence, the employee shall be placed on Official Leave until a final determination is made.

  • ANNUAL LEAVE (VACATION) A. Full time employees, except for participants in the Deferred Retirement Option Program, shall be entitled to earn Annual Leave (Vacation) time according to the following schedule: YEARS OF CONSECUTIVE SERVICE COMPLETED: DAYS EARNED PER BI-WEEKLY PERIOD: UP TO AN ANNUAL MAXIMUM OF: less than 5 .38 10 days 5 .57 15 days 10 .65 17 days 13 .77 20 days 20 .80 21 days 21 .84 22 days 22 .88 23 days 23 .92 24 days 24 .96 25 days B. Annual Leave days may be accumulated to a maximum of thirty (30) work days.

  • Vacation Bonus Employees shall receive one day's base pay (or adjusted earnings) for each year of service beyond twenty-five (25) years, to a maximum of ten (10) days’ pay.

  • Vacation Leave Accrual ‌ After a full-time employee has been in pay status for eighty (80) non-overtime hours in a calendar month, the employee will accrue vacation leave according to the rate schedule below. Vacation leave accrual for part-time employees will be proportionate to the number of hours the part-time employee is in pay status during the month to that required for full-time employment.

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