Common use of Termination and Retirement Clause in Contracts

Termination and Retirement. Employees terminating with more than twelve (12) months of Hospital service will receive payment for unused accrued Earned Time at their then regular rate of pay, (see Article 24, Section 4). Earned Time may not be used to extend the termination date beyond the last actual day of work. The employee’s department may deny payment of Earned Time during the final four (4) weeks of employment. Employees terminated for misconduct will forfeit accrued Earned Time.

Termination and Retirement. Employees terminating with more than twelve (12) months of Hospital service will receive payment for unused accrued Earned Time at their then regular rate of pay, (see Article 24XXIV, Section 4). Earned Time may not be used to extend the termination date beyond the last actual day of work. The employee’s department may deny payment of Earned Time during the final four (4) weeks of employment. Employees terminated for misconduct will forfeit accrued Earned Time.