Payoff. 11 After one year of County employment, unused accrued earned vacation 12 time shall be paid to the employee at his or her regular rate of pay at the time of 13 separation for service.
Payoff. The following provisions establish the methods for application of sick leave benefits in conjunction with other benefits:
Payoff. The Prepetition First Lien Notes Payoff shall have occurred (or shall occur substantially contemporaneously with the Closing Date).
Payoff. Upon the termination of employment, and after thirteen (13) pay periods of employment, an employee shall be entitled to a lump sum payment for any unused or accrued vacation time, as of the date of termination.
Payoff. The Administrative Agent shall have received a payoff letter from PNC Bank, National Association, as administrative agent under the Existing Credit Agreement, reasonably satisfactory in form and substance to the Administrative Agent evidencing that the Existing Credit Agreement has been or concurrently with the Closing Date is being terminated, all obligations thereunder are being paid in full (other than the Existing Letters of Credit (as defined in the ABL Credit Agreement)), and all Liens securing obligations under the Existing Credit Agreement have been or concurrently with the Closing Date are being released.
Payoff. Unless Accentia takes advantage of the Restructure Opportunity described in Section 9 below, all Obligations that remain outstanding after the sums payable pursuant to Section 4(c) above are paid, including the Deferred Obligations, plus accrued and unpaid interest as provided herein, together with any fees, costs and expenses incurred by McKesson in connection with the Obligations, plus any other indebtedness owed by Accentia to McKesson (or to any affiliate of McKesson), other than in connection with the Biologics Distribution Agreement, shall be paid in full on or before the “Full Payment Deadline” defined above (unless and to the extent McKesson converts any portion of the Obligations to equity, which McKesson may elect to do in its sole and absolute discretion on terms no less favorable than the proposed Series E financing that Accentia expected to obtain in 2003, all as more particularly set forth in Section 25 of the Assumption Agreement). The payment obligations under the Biologics Distribution Agreement shall be paid as and when provided in the Biologics Distribution Agreements, subject to acceleration upon the occurrence of a default thereunder or an Event of Default under the Assumption Agreement (as amended from time to time in writing and signed by McKesson).
Payoff. Unused sick leave may not be converted to cash payment, except that upon termination or retirement after five (5) years of continuous service, qualified employees shall be compensated for fifty percent (50%) of their unused sick leave (within the four hundred eighty [480] hour limit) at the rate of pay at termination.
Payoff. The prorated balance of all annual leave will be paid to employees upon discharge, termination, or resignation. Upon discharge, termination, resignation, or retirement, unused hours of annual leave, if any, are paid off in full as a contribution by the University to a 403(b) special pay plan account established on the employee’s behalf (415 (m) if applicable), to the extent allowable by plan provisions. (See Appendix E: Special Pay Plan definition.)
Payoff. 1 (1) After one thousand and forty (1,040) hours of County service, 2 unused accrued earned vacation time shall be paid to the employee at his or her regular 3 rate of pay at the time of separation from service, provided that the maximum payoff shall 4 be one hundred and twenty (120) hours except for vacation accrued and available prior to 5 the implementation of the entitlement program and still unused at the time of the
Payoff. Payoff letters evidencing repayment in full of all Prior Debt, termination of all agreements relating thereto.
