Further Entitlement Sample Clauses
The 'Further Entitlement' clause defines a party's right to receive additional benefits or compensation beyond what is already specified in the agreement. In practice, this clause may apply when certain conditions are met, such as the occurrence of unforeseen events, changes in law, or the provision of extra services, thereby entitling a party to further payments or rights. Its core function is to ensure that parties are fairly compensated or protected if circumstances change, preventing disputes over whether additional entitlements are due.
Further Entitlement. After five (5) years of continuous service, all employees shall be entitled to twenty-five (25) working days vacation with pay per year. After seven (7) years of continuous service, an employee shall be entitled to thirty (30) working days vacation with pay per year. After fifteen (15) years of continuous service, an employee shall be entitled to thirty-five (35) working days vacation with pay per year.
Further Entitlement. Upon returning to work from a period of parental leave, the employee is entitled to be paid a sum equivalent to 6 weeks' pay, paid at ordinary time rate. This further entitlement is subject to the employee completing a minimum period of 12 months after returning from parental leave. If the employee terminates his/ her employment before completing a period 12 months, the further entitlement must be repaid to the Company upon termination of employment or deducted from any monies owed to the employee on termination or a combination of both.