Pay in lieu. A. Effective for all calendar years beginning on and after January 1, 2019, employees may convert up to 125 hours of annual leave to cash as pay-in-lieu each calendar year, subject to the following rules:
Pay in lieu. On serving notice for any reason to terminate this Agreement or at any time thereafter during the currency of the notice the Company shall be entitled to pay the Executive his basic salary at the rate then payable under clause 5 hereof for the unexpired portion of the duration of his appointment or entitlement to notice as may be.
Pay in lieu. With mutual consent of the Employer, an employee who has received notice of lay off may resign and receive equivalent pay in lieu of notice in addition to any severance payment owed to the employee on lay off.
Pay in lieu. On either party serving notice for any reason to terminate the Employment or at any time during the currency of such notice, the Company may elect (but shall not be obliged) to terminate the Employment with immediate effect by notifying the Executive in writing that the Employment is being terminated pursuant to this Clause and undertaking to pay to the Executive a sum equivalent to the Executive’s basic salary and contractual benefits for the unexpired portion of the Executive’s contractual notice entitlement. The Company will pay the salary and contractual benefits due and payable under this sub-clause (subject to deduction of tax and national insurance contributions at source) at the next available pay period after the Termination Date.
Pay in lieu. On either party serving notice for any reason to terminate the Employment or at any time during the currency of such notice, the Company may elect (but shall not be obliged) to terminate the Employment with immediate effect by notifying the Executive in writing that the Employment is being terminated pursuant to this clause and undertaking to pay to the Executive a sum equivalent to the Executive’s basic salary for the unexpired portion of the Executive’s contractual notice entitlement. The Company will pay the salary due and payable under this sub-clause (subject to deduction of tax and national insurance contributions at source) within 14 days of the Termination Date.
Pay in lieu. The Company shall be entitled (but not obliged) to pay to the Executive his salary (at the rate then payable under clause 5 hereof) and contractual benefits for the unexpired portion of his entitlement to notice.
Pay in lieu. 16.8.1 An employee who leaves the service during the first full benefit year following the date of employment or in subsequent benefit years shall be paid in lieu of earned but unused vacation leave at the rate of pay applicable to such employee on his termination date.
Pay in lieu. Casual employees shall receive 10.2% of straight-time pay in lieu of scheduled vacations and paid holidays.
Pay in lieu. Pay in lieu of vacation may be paid as follows at the rate of the biweekly salary divided by 10 for each day paid out:
Pay in lieu. If the University terminates this Agreement pursuant to subsection 2.c, 2.d, 2.e, 3 or 4 of Section IV of this Agreement, the written notice period need not be worked out at the sole discretion of the University and pay in lieu is a satisfactory alternative to the notice period.