Common use of Final Paychecks Clause in Contracts

Final Paychecks. Terminating Employees will receive payment for accrued vacation/personal leave and unused compensatory time, in the case of non-exempt Employees, in a lump sum with the regular bi-weekly paycheck for the final pay period worked. The rate of payment for unused compensatory time shall be based upon the average regular rate received by the Employee during the last three years of the Employee’s employment, or the final regular rate received by the Employee, whichever is higher.

Final Paychecks. Terminating Employees employees will receive payment for accrued vacation/personal leave and unused compensatory time, time (in the case of non-exempt Employees, employees) in a lump sum with the regular bi-weekly paycheck for the final pay period worked. The rate of payment for unused compensatory time shall be based upon the average regular rate received by the Employee employee during the last three years of the Employee’s employment, or the final regular rate received by the Employee, whichever is higher.three