SEPARATION PAYMENT FOR VACATION Sample Clauses

SEPARATION PAYMENT FOR VACATION. A full-time member with more than thirteen (13) pay periods of vacation accrual in paid status who is about to be separated from City service through discharge, resignation, retirement, or layoff and who has unused vacation leave to the member’s credit, shall be paid in a lump sum, less applicable withholding and any amounts owed by the member to the City, for each hour of unused vacation leave in lieu of granting such member a vacation leave after his/her last day of active service with the City, provided, however, that such payment shall not exceed the maximum number of vacation hours outlined in Section 19.2 based on length of total City service. However, such payment for members who retire shall be permitted to exceed the maximum accrual in Section 19.2(B) only to the extent that the member’s vacation leave account at the time of retirement exceeds the maximum accrual as a result of vacation time earned in the member’s last “vacation year” as that term is defined in Section 19.1. Vacation balances over the maximum accrual of less than one (1) full hour shall not be paid.
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SEPARATION PAYMENT FOR VACATION. A full-time member with more than thirteen (13) pay periods of vacation accrual in paid status who is about to be separated from City service through discharge, resignation, retirement, or layoff and who has unused vacation leave to his/her credit, shall be paid in a lump sum, less applicable withholding and any amounts owed by the member to the City, for each hour of unused vacation leave in lieu of granting such member a vacation leave after his/her last day of active service with the City, provided, however, that such payment shall not exceed the maximum number of vacation hours outlined in Section
Sample 1

Related to SEPARATION PAYMENT FOR VACATION

  • VACATION AND VACATION PAY 9.01 All employees who are covered under this Agreement shall receive vacation pay as a percent of the employee's total earnings exclusive of the Employer's contribution to the Union's Benefit Plan. Income tax shall be deducted weekly from the employee's earnings increased by the amount of vacation pay.

  • Payment for annual leave (a) Before going on annual leave, an employee will be paid the amount of wages they would have received for ordinary time worked had they not been on leave during that period.

  • SECTION 4 - VACATION 4.1 Employee shall be entitled to accrue and take vacation leave in accordance with the policy applicable to employees of Manitoba.

  • Vacation Benefits During the Term, the Executive shall be eligible for 20 vacation days annually, which shall be accrued and used in accordance with the applicable policies of the Company. During the Term, the Executive shall be eligible to participate in such medical, dental and life insurance, retirement and other plans as the Company may have or establish from time to time on terms and conditions applicable to other senior executives of the Company generally. The foregoing, however, shall not be construed to require the Company to establish any such plans or to prevent the modification or termination of such plans once established.

  • Payment for Unused Sick Leave a. An employee with less than ten (10) years of continuous University service, as defined herein, who separates from the University shall not be paid for any unused sick leave. For employees appointed on or before 1/7/03 University service includes continuous employment by the University or the State of Florida.

  • Entitlement to Vacation Leave With Pay An employee is entitled to vacation leave with pay to the extent of his earned credits but an employee who has completed six (6) months of continuous employment may receive an advance of credits equivalent to the anticipated credits for the vacation year.

  • Compensation for Holidays Falling Within Vacation Schedule If a paid holiday falls on or is observed during an employee's vacation period, he/she shall be allowed an additional vacation day with pay at a time mutually agreed upon by the Employer and employee.

  • Payment for Holidays (a) Regular Employees Regular employees shall not have their pay reduced by virtue of holidays specified in Article 16.01.

  • Payment for period of leave (a) Payment to an Employee in respect of long service leave shall be made in one of the following ways:

  • Payment of Compensation Consultant shall submit to City a monthly itemized statement which indicates work completed and hours of Services rendered by Consultant. The statement shall describe the amount of Services and supplies provided since the initial commencement date, or since the start of the subsequent billing periods, as appropriate, through the date of the statement. City shall, within 30 days of receiving such statement, review the statement and pay all approved charges thereon.

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