Entitlement Upon Termination Sample Clauses
The "Entitlement Upon Termination" clause defines what rights, payments, or benefits a party is entitled to receive if the contract is ended before its natural expiration. Typically, this clause outlines whether accrued but unpaid compensation, severance, or reimbursement of expenses will be provided, and may specify conditions under which certain entitlements are granted or withheld. Its core function is to ensure both parties understand their financial and legal positions upon termination, thereby reducing disputes and providing clarity in the event the agreement ends prematurely.
Entitlement Upon Termination a) Where an employee terminates employment they shall be paid out all unused vacation accrued to their credit.
b) It is further agreed that, at the employees option, a retiring employee may retire early on such date as his/her unused vacation entitlement may allow, or work until the agreed upon retirement date and receive a cash payment for such unused vacation entitlement.
Entitlement Upon Termination. Upon a termination of the Employee’s employment under Section 4, the Employee (or the Employee’s estate or other legal representative) shall be entitled to receive the sum of: (i) the Employee’s Base Salary and prorated annual Performance Bonus amount through the Date of Termination not theretofore paid; (ii) any expenses owed to the Employee under Section 3(e) through the Date of Termination; and (iii) any amount arising from the Employee’s participation in, or benefits under, any employee benefit plans, programs or arrangements accrued through the Date of Termination, which amounts shall be payable in accordance with the terms and conditions of such employee benefit plans, programs or arrangements.
Entitlement Upon Termination. Subject to Article 20.23, an employee who leaves the employment of the Regional Corporation shall be entitled to receive his/her salary, wages, or other remuneration for one-half (1/2) of the number of days standing to his/her credit in accumulated unused sick leave, but in any event not in excess of the amount he/she would receive in six (6) months, at the rate received by him/her immediately prior to his/her termination of employment.
Entitlement Upon Termination. An employee terminating his employment for any reason at a time when an unused period of vacation with pay stands to his credit shall be allowed vacation calculated to the date of his leaving the service as provided for in Rule and, if not granted, shall be allowed pay in lieu thereof. An employee who is laid off shall be paid for any vacation due him at the beginning of the current calendar year and not previously taken and, if subsequently recalled to service during such year shall upon application, be allowed pay in lieu of any vacation due him at the beginning of the following calendar year. An who is dismissed for cause and not reinstated in his former standing within two (2) years of date of such dismissal shall, if subsequently returned to the service, be required to qualify again for vacation with pay as provided in Rule
Entitlement Upon Termination a) When an employee terminates employment they unused vacation accrued to her/his credit. shall be paid out all
b) It is further agreed that, at the employee’s option, a retiring employee may retire early on such date as her/his unused vacation entitlement may allow, or work until the agreed upon retirement date and receive a cash payment for such unused vacation entitlement.
c) Where an employee retires/quits or terminates, she/he will be entitled to a pro-rated vacation payment and entitlement for the year. An employee who uses vacation time and/or pay which is not earned authorizes the Employer upon separation from employment to withhold any such amount from any outstanding pay.
Entitlement Upon Termination. Subject to the provisions hereof, upon any termination of the Employment Period as provided in this Section 3(a), (b) and (c), the Employee shall be entitled to all payments and benefits accrued, and shall be entitled to reimbursement of all expenses incurred, through the effective date of such termination, including through any required notice period.