Leave Compensation Sample Clauses

Leave Compensation. The eligibility of a teacher to receive compensation and/or benefits for leave days shall be as set forth on Schedule “A”. A teacher shall not be eligible for compensation and/or benefits for any leave which does not comply with the terms of this Agreement or of the written leave Agreement. If a teacher does not complete a full work year, the Employer shall be reimbursed for any days or fractions of days used in excess of the earned leave days.
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Leave Compensation. The eligibility of an employee to receive compensation and/or benefits for leave days shall be set forth on schedule “B”. An employee shall not be eligible for compensation and/or benefits for any leave which does not comply with the terms of this agreement or the written leave agreement. No payment for unused leave shall be made.
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Leave Compensation. (3) The employment period is essentially lengthened by the amount of non-granted leave days. If the employees whose employment period was lengthened due to remaining leave entitlement after the end of the notice period or after termination by means of a termination agreement become incapacitated for work due to illness, the employment period is not lengthened any more. The outstanding leave must be compensated.
Sample 1
Leave Compensation. For absences due to injuries or accidents covered by the workers' Compensation Board, the Board will pay full salary, deducting from the Cumulative sick Leave the number of days equivalent to the fraction of salary be- tween compensation payments and full salary. Payments by the workers' Compensation Board shall be made to the School Board. on the expira- tion of the period of salary award by the compen- sation Board, if the teacher is unable to be further em- ployed by the Board owing to such injury or accident, the teacher shall thereafter re- ceive full salary up to the limit of cumulative sick leave credits.
Sample 1
Leave Compensation. Paid sick leave shall be granted to an employee who, through illness, is unable to perform work for the City. However, the supervisor may request a certificate from a qualified medical practitioner during the period of absence, and send a doctor representing the City, if he so desires, to the stated reasons for being absent from work. During the f i r s t five years of the employee's service, the City shall not pay more than thirty (30) days sick leave benefits in any one year, except on the written authorization of the City Administrator. The Union and the City agree that employees shall report absence from work within a reasonable period of time. Following sick leave of any the employee shall report his availability for work to the City as early as possible before reporting for duty. When an employee is given a leave of absence without pay for any reason, or is laid off and returns to work upon expiration of such leave of absence, he shall not receive sick leave credit for the period of such absence, but shall retain his cumulative credit, i f any existing at the t i m e of such leave or off. When absent from work because of sickness, an employee shall be paid on the normal payday for each day so accumulated. The City may require a certificate from a qualified Medical Doctor as proof of sickness before any benefits are paid hereunder. From the f i r s t day of employment, employees shall accumulate sick leave at the rate of two and one- half days for each month of employment for a total of days, that is a maximum of eight years and eight months employment.
Sample 1
Leave Compensation. A. Subject to EMPLOYEE signing this Agreement, during his Leave, EMPLOYER will continue to pay to EMPLOYEE the gross weekly salary EMPLOYEE currently earns in the amount of Eight Thousand Three Hundred and Sixty-Five Dollars ($8,365.00) (the “Weekly Salary”). EMPLOYEE will also continue to be eligible for benefits under the same terms and conditions as in effect on the date of execution of this Agreement. Notwithstanding anything to the contrary, EMPLOYER’s benefits may change in the future, and EMPLOYEE will be eligible to participate in applicable future benefits, as may be provided by EMPLOYER to executive officers. The Weekly Salary and any benefits to which EMPLOYEE is entitled under this Agreement shall be paid on a W-2 basis and shall be subject to all required withholdings and statutory deductions.
Sample 1

Related to Leave Compensation

  • Cash and Incentive Compensation For clarification, it is understood by all parties that other than as specified herein, the Company is not obligated to award any future grants of stock options or other form of equity compensation to Executive during Executive's employment with the Company.

  • Separation Compensation In exchange for your agreement to the general release and waiver of claims and covenant not to sue set forth below and your other promises herein, the Company agrees to provide you with the following:

  • Employee Compensation The wages, salaries and other compensation paid to employees who will be employed for the benefit of the Project, and to others who perform special services for the benefit of the Project, to the extent not otherwise paid through a Cash Management System, shall be paid by Owner from a Project Account pursuant to this Section 9.2.

  • Bonus and Incentive Compensation Executive shall be entitled to equitable participation in incentive compensation and bonuses in any plan or arrangement of the Bank or the Company in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

  • Executive Compensation Until such time as the Investor ceases to own any debt or equity securities of the Company acquired pursuant to this Agreement or the Warrant, the Company shall take all necessary action to ensure that its Benefit Plans with respect to its Senior Executive Officers comply in all respects with Section 111(b) of the EESA as implemented by any guidance or regulation thereunder that has been issued and is in effect as of the Closing Date, and shall not adopt any new Benefit Plan with respect to its Senior Executive Officers that does not comply therewith. “Senior Executive Officers” means the Company's "senior executive officers" as defined in subsection 111(b)(3) of the EESA and regulations issued thereunder, including the rules set forth in 31 C.F.R. Part 30.

  • Annual Incentive Compensation (a) The Executive shall be eligible to receive annual bonus compensation, if any, as may be determined by, and based on performance measures established by, the Board of Directors upon the recommendation of the Compensation Committee of the Board of Directors (the “Committee”) consistent with the Employer’s strategic planning process, pursuant to any incentive compensation program as may be adopted from time to time by the Board of Directors, based on recommendations by the Committee (an “Annual Bonus”).

  • Base Salary and Incentive Compensation Executive’s initial annual base salary shall be three hundred nine thousand dollars ($309,000). Executive’s base salary shall be redetermined annually by the Board or a Committee thereof. The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable in substantially equal installments on a bi-weekly or more frequent basis. In addition to Base Salary, Executive shall be eligible to receive cash incentive compensation as determined by the Board or a Committee thereof from time to time, and shall also be eligible to participate in such incentive compensation plans as the Board or a Committee thereof shall determine from time to time for employees of the same status within the hierarchy of the Company.

  • Severance Compensation In the event (i) Employee terminates this Agreement for Good Reason in accordance with Paragraph 11.3 hereof; (ii) Employee is terminated for any reason (except death or disability) upon, or within six months following, a "Change in Management or Control (as such term is defined in Paragraph 11.5 hereof);" or (iii) Employee is terminated without Cause, the Company shall be obligated to pay severance compensation to Employee in an amount equal to his salary compensation (at the rate payable at the time of such termination) for a period of six (6) months from the date of termination. Notwithstanding the foregoing, if Employee is employed by a new employer, or as a consultant after the termination of this Agreement, the severance compensation payable to Employee hereunder shall be reduced by the amount of compensation that Employee actually receives from the new employer, or as a consultant. However, Employee shall have a duty to inform the Company that he has obtained such new employment, and the failure to do so is a material breach of this Agreement. In such event, the Company shall be entitled to (i) cease all payments to Employee under this Paragraph 11.4; and (ii) recover any unauthorized payments to Employee in an action for breach of contract. Notwithstanding anything else in this Agreement to the contrary, solely in the event of a termination upon or following a Change in Management or Control, the amount of severance compensation paid to Employee hereunder shall not include any amount that the Company is prohibited from deducting for federal income tax purposes by virtue of Section 280G of the Internal Revenue Code of 1986, as amended, or any successor provision. In addition to the foregoing severance compensation, the Company shall pay Employee (i) all compensation for services rendered hereunder and not previously paid; (ii) accrued vacation pay; and (iii) any appropriate business expenses incurred by Employee in connection with his duties hereunder and approved pursuant to Section 4 hereof, all through the date of termination. Employee shall not be entitled to any bonus compensation, whether vested or unvested; or any other compensation, benefits or reimbursement of any kind.

  • Bonuses and Incentive Compensation During the Employment Term, the Executive shall have opportunities for bonuses and shall have opportunities for incentive compensation comparable to those provided to other senior executives of the Company and shall be eligible to participate in all bonus and incentive compensation plans made available by the Company, from time to time, for its senior executives.

  • Incentive Compensation During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent of his Base Salary (the “Target Annual Incentive Compensation”). Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

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