Payment Upon Termination of Employment Sample Clauses

Payment Upon Termination of Employment. Upon the termination of the Executive’s employment with the Company pursuant to Section 4, the Executive will receive the following:
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Payment Upon Termination of Employment. A bargaining unit member whose service with the University terminates for any reason shall be paid an amount equal to the vacation leave that had been accrued prior to such termination but which had not been used, provided that no monetary or other allowance has already been made for that reason. Upon the death of a bargaining unit member, the University shall authorize payment of vacation upon the establishment of a valid claim in the following order of precedence:
Payment Upon Termination of Employment. 1.1. The term (“Term”) of this Agreement shall commence on January 1, 2003 and shall remain in effect until the earlier of (a) December 31, 2004 or (b) until terminated as hereinafter provided.
Payment Upon Termination of Employment. If the Executive's employment is terminated for any reason, then, without limiting any other rights or remedies available to the Company at law or in equity, the Company shall pay or provide to the Executive, his legal representatives, heirs, eligible dependents, if any, or permitted assigns, as applicable, (i) within ten (10) days after the Termination Date, all Base Compensation earned but unpaid as of the Termination Date; and (ii) all benefits to which such persons may be entitled under any of the Benefit Plans which provide for benefits after termination of employment, in accordance with the terms thereof.
Payment Upon Termination of Employment. 1.1. The term ("Term") of this Agreement shall commence on the date of execution of this Agreement and shall remain in effect for a period of three years from the date of this agreement (the "Employment").
Payment Upon Termination of Employment. On the last day of employment, redundant employees will receive a termination payment based on the following formulas:
Payment Upon Termination of Employment. Upon termination of Employee's Employment, Employer will be obligated to pay to Employee only such compensation as is provided in this Section 7.
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Payment Upon Termination of Employment. 2.1. The term (“Term”) of this Agreement shall commence on January 1, 2008 and this Agreement shall remain in effect unless and until terminated in accordance with the terms herein. Without any cause, either party has the right to terminate this employment contract by giving 3 months’ written notice or payment of 3 months’ basic salary (the lump sum payment in clause 2.7) in lieu thereof.
Payment Upon Termination of Employment. Employees who terminate or retiree from the Company will be paid for their earned and unused PTO Bank Days. This payment will be calculated as follows: Current Year Accrual: Local 2285 members earn PTO days from Anniversary date to their next Anniversary date. What they earn is deposited in their PTO bank on January 1st of every year. If an employee terminates or retirees before their current year Anniversary date, the employee will get paid all PTO hours earned and unearned. As an example: If their service anniversary is in May but they retire in March, the employee will receive credit for all of their PTO. We subtract any used PTO days and the remainder is paid to the employee. If their service anniversary is in May but they retire in July the employee will receive credit for all 12 months. We subtract any used PTO days and the remainder is paid out to the employee. They also receive a payout for any PTO hours earned for next year. When calculating next year accrual, the employees’ termination or retirement date needs to be beyond their service anniversary, otherwise they have not accrued any PTO for the next year. For any full calendar months the employee works past their service anniversary date, they will receive payout for those months. (An employee who terminates service for any reason other than discharge before reaching his/her service anniversary date during the current year may be eligible for an additional allowance under the Termination Allowance Plan for the value of his/her current year PTO Bank Days which have not been earned or used.) Next Year Accrual: Multiply the total number of PTO Bank Days the employee would have been eligible for in the next year by the number of full calendar months, if any, the employee has worked since his/her Company service anniversary date in the current year, and divide the product by 12. Other Regulations Approved leaves of absence without pay, military leaves, sickness absences, absences for jury service, and other excused absences shall not affect an employee’s eligibility for PTO Bank Days, except to the extent that a leave of absence may affect the determination of an employee’s length of service under the Company’s Regulations for Determining Service. Benefits under this Plan may not be used to duplicate benefits which an employee is entitled to receive for an absence under any law or other Company benefit plan or policy.
Payment Upon Termination of Employment. Subject to Section 10 below, within 10 days immediately following a Termination of Employment, the Company shall forthwith pay Executive a lump sum equal to twelve multiplied by the Base Amount.
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