Common use of Payoff Clause in Contracts

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. 1 (16 1) . After one thousand and forty (1,040) hours of County service, 2 17 unused accrued earned vacation time shall be paid to the employee at his or her their regular 3 rate of 18 pay at the time of separation from service, provided that the maximum payoff shall 4 be one 19 hundred and twenty (120) hours except for vacation accrued and available prior to 5 the 20 implementation of the entitlement program and still unused at the time of thethe employee's

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 thethe employee's termination.

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 thethe employee's 6 termination.