Common use of Terminal Pay Clause in Contracts

Terminal Pay. To encourage and reward personnel who exercise particular care in the maintenance of their personal health and job attendance, the Board will provide terminal pay to personnel at resignation, normal retirement, or to their beneficiaries if services are terminated by death. Terminal pay shall not exceed an amount determined by the daily rate of the employee at resignation, retirement, or death as follows:

Terminal Pay. A. To encourage and reward personnel full-time permanent employees who exercise particular care in the maintenance of their personal health and job attendance, the Board will provide terminal pay to personnel employees at resignation, normal retirement, resignation, or to their beneficiaries beneficiaries, if services are terminated by death. Any employee not in service at the time of retirement shall not receive these benefits. Terminal pay shall not exceed an amount determined by the daily rate of the employee at retirement, resignation, retirementor death, or death as follows:

Terminal Pay. A. To encourage and reward personnel employees who exercise particular care in the maintenance of their personal health and job attendance, the Board will provide terminal pay to personnel at resignation, normal retirement, or to their beneficiaries beneficiaries, if services are terminated by death. Any person not in service at the time of retirement shall not receive these benefits. Terminal pay shall not exceed an amount determined by the daily rate of the employee at resignation, retirement, or death as follows:

Terminal Pay. To encourage and reward personnel who exercise particular care in the maintenance of their personal health and job attendance, the Board Employer will provide terminal pay to personnel at resignation, normal retirement, or to their beneficiaries if services are terminated by death. Terminal pay shall not exceed an amount determined by the daily rate of the employee at resignation, retirement, or death as follows: