Payment Upon Disability, Separation or Death Sample Clauses

Payment Upon Disability, Separation or Death. Fifty percent (50%) of unused sick leave, up to maximum of 600 hours, will be payable to an employee on disability or separation after twenty (20) years or PERA retirement eligible; or payable on death of employee to employee's estate or designated beneficiary. In no case will unused sick leave be paid to an employee who is involuntarily terminated from employment.
Sample 1
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Payment Upon Disability, Separation or Death a. In the case of an officer killed in the line of duty, as defined by Xxxx. Stat. § 299A.41, subd. 3, 100% of unused sick leave hours will be paid to the employee’s estate or designated beneficiary.
Sample 1
Payment Upon Disability, Separation or Death. Upon disability or separation with the City, the following portion of unused sick leave will be payable to an employee, or payable on the death of an employee to the employee’s estate or designated beneficiary. If the following criteria are met, the employee is eligible for 65% of unused sick leave, up to a maximum of 780 hours, to be paid upon separation: - Employee retires from service (must be PERA Retirement Eligible and 55 years of age or older); and - Employee has at least 20 years of employment with the City. If the following criteria are met, the employee is eligible for 50% of unused sick leave, up to a maximum of 600 hours, to be paid upon separation: - PERA Retirement Eligible Employee, with less than 20 years of service with the City; or -Employee resigns from service with at least 20 years of employment with the City and is not 55 years of age or older. If neither of the above criteria are met, the employee is not eligible for the payment of unused sick leave at the time of separation. In no case will unused sick leave be paid to an employee who is involuntarily terminated from employment.
Sample 1

Related to Payment Upon Disability, Separation or Death

  • Death or Disability The Executive's employment shall terminate automatically upon the Executive's death during the Employment Period. If the Company determines in good faith that the Disability of the Executive has occurred during the Employment Period (pursuant to the definition of Disability set forth below), it may give to the Executive written notice in accordance with Section 12(b) of this Agreement of its intention to terminate the Executive's employment. In such event, the Executive's employment with the Company shall terminate effective on the 30th day after receipt of such notice by the Executive (the "Disability Effective Date"), provided that, within the 30 days after such receipt, the Executive shall not have returned to full-time performance of the Executive's duties. For purposes of this Agreement, "Disability" shall mean the absence of the Executive from the Executive's duties with the Company on a full-time basis for 180 consecutive business days as a result of incapacity due to mental or physical illness which is determined to be total and permanent by a physician selected by the Company or its insurers and acceptable to the Executive or the Executive's legal representative.

  • Termination upon Death This entire Agreement will terminate immediately without further action of the parties upon the death of a natural person who is a party to this Agreement, or a general partner of a partnership that is a party to this Agreement.

  • Vacation Credits Upon Death Earned but unused vacation entitlement shall be made payable, upon termination due to death, to the employee's dependent, or where there is no dependent, to the employee's estate.

  • Re-employment After Voluntary Termination or Dismissal for Cause Where an employee voluntarily leaves the Employer's service, or is dismissed for cause and is later re-engaged, seniority and all perquisites shall date only from the time of re-employment, according to regulations applying to new employees.

  • Payment Upon Death When an employee dies, any and all accrued, unused vacation leave to his/her credit shall be paid to the surviving spouse. In the event that the employee has no surviving spouse, said unused vacation leave shall be paid to the employee's estate. Such payment shall be paid at the employee's hourly rate of pay at time of death in a lump sum (less applicable withholding), less any amounts owed by the employee to the City.

  • Disability Retirement If, as a result of your incapacity due to physical or mental illness, You shall have been absent from the full-time performance of your duties with the Company for 6 consecutive months, and within 30 days after written notice of termination is given You shall not have returned to the full-time performance of your duties, your employment may be terminated for "Disability." Termination of your employment by the Company or You due to your "Retirement" shall mean termination in accordance with the Company's retirement policy, including early retirement, generally applicable to its salaried employees or in accordance with any retirement arrangement established with your consent with respect to You.

  • Vacation Pay Upon Termination When an employee in the bargaining unit is terminated for any reason, he/she shall be entitled to all vacation pay earned and accumulated up to and including the effective date of the termination.

  • Release upon Death (1) If a Securityholder dies, the Securityholder’s escrow securities will be released from escrow. The Escrow Agent will deliver any share certificates or other evidence of the escrow securities in the possession of the Escrow Agent to the Securityholder’s legal representative.

  • Long Term Disability Benefit In the event an employee, while covered under this plan, becomes totally disabled as a result of an accident or a sickness, then, after the employee has been totally disabled for seven (7) months, including periods approved in Section 1.3(a) and (c), he/she shall be eligible to receive a monthly benefit as follows:

  • Life Insurance Upon Retirement 34.1 An employee who retires from the service of the Corporation subsequent to August 1, 2001, will, provided he is 55 years of age or over and has not less than 10 years' cumulative compensated service, be entitled to the sum of $8,000.00, payable to his estate upon his death.

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