Terminal Benefits. A Full Time or Part Time employee whose employment is terminated by reason of permanent layoff will receive as a terminal allowance:
Terminal Benefits. All sworn employees of the Cincinnati Police Department will be paid all terminal benefits in a lump sum payment, upon resignation, dismissal, layoff, or military separation, however, in the case of a retirement, the member shall be permitted to exercise his/her choice of the two options stated in the "forced retirement" provision of this section, except that a lump sum payment for sick time will be made in accordance with the SWP-R provision for a lump sum payment. Any sworn employee of the Cincinnati Police Department, who prior to October 1, 1989, was a sworn employee of the Cincinnati Park Police and who is retaining membership in the City of Cincinnati Retirement System is eligible for terminal benefits outlined in this section. The lump sum payment shall be made at the rate of pay in effect on the employee's last day in a pay status and shall include payments for unused vacation and compensatory time, SWP-R, and longevity pay. The amount so accepted by members of the City of Cincinnati Retirement System shall be included in calculating the employee's earnings for pension purposes subject to the limitations of Section 203 of the Cincinnati Municipal Code. The lump sum payment will be subjected to the usual taxes and retirement deductions will be made. All retirements in the City Retirement System will become effective the first of the month following the month in which the employee was last in a pay status. Cincinnati Police Department: The lump sum payment shall be made at the rate of pay in effect on the employee's last day in a pay status and shall include payment for unused vacation and compensatory time, SWP-R, and longevity pay. The amount so accepted shall be included in calculating the employee's earnings for pension purposes subject to the limitations of the Ohio Police and Firemen's Disability and Pension Fund. The lump sum payment will be subjected to the usual taxes and retirement deductions will be made. All retirements will be made effective the day after the employee's last day on the payroll.
Terminal Benefits. The entire outstanding Dues shall be payable immediately by the Borrower to the Bank, if the Borrower opts for any retirement scheme or accepts any offer from his employer providing any benefit on resigning or retiring from the employment prior to superannuation or upon the employer terminating his employment for any reason or upon the Borrower resigning or retiring from the service of the employer for any reason whatsoever. In such a case, the outstanding Dues may be paid from the amount or amounts receivable by him from the employer under such scheme or offer or any terminal benefit, as the case may be. Provided however, in the event of the said amount or amounts being insufficient to repay the said sums to the Bank in full, the unpaid amounts remaining due to the Bank shall be paid by the Borrower forthwith. The Borrower does hereby irrevocably authorize the Bank to communicate with and receive the said amounts from the Borrower’s employer directly.
Terminal Benefits. Retiring Employees are eligible for any accumulated vacation, sick, and compensatory time in accordance with the rules for their use.
Terminal Benefits. (a) Upon the death of an employee, payment within forty-five (45) days for all accrued overtime, annual/vacation/retirement/personal leave, sick leave, and other terminal leave benefits (other than life insurance for which a beneficiary has been designated) to which such employee would have been entitled to receive shall be made as follows:
Terminal Benefits. The Employer, except in cases of discharge based on misconduct, will give an employee twenty (20) workdays’ notice of termination or compensation to the extent such notice is deficient.
Terminal Benefits. 26.1 A member whose employment is terminated by resignation or retirement shall be required to give the District at least ten (10) working days’ notice.
Terminal Benefits. 1. An Employee who resigns shall give the Employer four (4) weeks advance notice.
Terminal Benefits. An employee who is terminated by the Hospital by reason of layoff shall receive all accrued and unused PTO days and earned holidays, plus for sick leave bonus plan- eligible employees not exercising the cash out option in 1998, any frozen sick time accrued andunused.
Terminal Benefits. The entire outstanding principal amount of the Loan as well as any outstanding interest and all other dues, charges, amounts etc. payable under the present agreement, shall immediately be payable by the Borrower/s to IHFL, if the Borrower/s resigns or retires from his employment prior to superannuation or opts for any scheme or accepts any offer from his employer providing any benefit on or upon the employer terminating his employment for any reason or upon the Borrower/s leaving the service of the employer for any reason whatsoever. That in such an eventuality, the outstanding dues under the present agreement shall be paid from the amount or amounts receivable by the Borrower/s from the employer under such scheme or offer or any terminal benefit as the case may be. That in case the said amount or amounts is insufficient to repay the said sums to IHFL in full, then the Borrower/s shall be personally liable for the balance/ unpaid amount and all the Borrower/s shall be jointly and severally liable for this balance/unpaid amount. That the unpaid/balance amount remaining due to IHFL, shall be paid by the Borrower/s in such manner as IHFL may in its sole discretion decide and the payment will be made by the Borrower/s accordingly. The Borrower/s hereby irrevocably authorizes IHFL to apply for, communicate with and receive the said amounts from the Borrower's and/or Guarantor's employer directly.
