VACATION ALLOWANCE TO EMPLOYEES ON TERMINATION OF SERVICE Sample Clauses

VACATION ALLOWANCE TO EMPLOYEES ON TERMINATION OF SERVICE. LEAVE OF ABSENCE AND AT TIME OF LAY-OFF Vacation allowance to employees will be calculated as follows: Weeks of Vacation Entitlement per on termination of service, leave of absence and at time of layoff.
Sample 1
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VACATION ALLOWANCE TO EMPLOYEES ON TERMINATION OF SERVICE. Employees whose service is terminated, except in the case of discharged employees, will receive their accrued vacation pay with C.O.L.A. under the Company's plan at time of termination of service. However, when an employee proceeds on vacation immediately prior to pension, but after the following dates, pay shall be based on the employee's average weekly earnings for the thirteen (13) weeks ending May 31 in 1996, May 30 in 1997, May 29 in 1998, May 28 in 1999 and May 26 in 2000.
Sample 1
VACATION ALLOWANCE TO EMPLOYEES ON TERMINATION OF SERVICE. Vacation pay owing at time of termination or resignation will be paid including COLA. Employees whose service is terminated before June 30th will received their accrued vacation pay at time of termination of service as follows: *No. Days Accrued Vacation Pay at Rate in Effect on Continuous Service on Date Service Maximum Date of Termination Terminates Payable Less than three (3) years 1 day 10 days Three (3) years but less than ten (10) years 11⁄2 days 15 days Ten (10) years but less than nineteen (19) years 2 days 20 days Nineteen (19) years but less than twenty-nine (29) years 21⁄2 days 25 days Twenty-nine (29) years or more 3 days 30 days * For each full working month of service from 1 July last to date service terminates.
Sample 1

Related to VACATION ALLOWANCE TO EMPLOYEES ON TERMINATION OF SERVICE

  • Severance Compensation upon Termination of Employment If the Company shall terminate the Executive’s employment other than pursuant to Section 5(a), (b) or (c) or if the Executive shall terminate his employment for Good Reason, then the Company shall pay to the Executive as severance pay in a lump sum, in cash, on the fifth day following the Date of Termination, an amount equal to three (3) times the average of the aggregate annual compensation paid to the Executive during the three (3) fiscal years of the Company immediately preceding the Change of Control by the Company subject to United States income taxes (or, such fewer number of fiscal years if the Executive has not been employed by the Company during each of the preceding three (3) fiscal years).

  • Compensation Upon Termination of Employment If the Executive’s employment hereunder is terminated, in accordance with the provisions of Article III hereof, and except for any other rights or benefits specifically provided for herein to be effective following the Executive’s period of employment, the Company will provide compensation and benefits to the Executive only as follows:

  • Compensation Following Termination of Employment In the event that Executive's employment hereunder is terminated, Executive shall be entitled to the following compensation and benefits upon such termination:

  • Compensation on Termination (a) If this Project Agreement is terminated pursuant to Sections 34.3(a), 35.2(a)(ii), 36.1, 36.2 or 36.3, then:

  • Vacation Pay on Termination An employee whose employment is terminated shall receive vacation pay at the appropriate percentage of the wages or salary earned during the period of entitlement in accordance with the employee's years of service.

  • Benefits Upon Termination of Employment If the Executive is entitled to benefits pursuant to this Section 2, the Company agrees to pay or provide to the Executive as severance payment, the following:

  • Severance and Retirement Options (a) (i) Where an employee resigns within 30 days after receiving notice of layoff pursuant to article 14.02 (a)(ii) that his or her position will be eliminated, he or she shall be entitled to a separation allowance of two (2) weeks' salary for each year of continuous service to a maximum of sixteen (16) weeks' pay, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of three thousand ($3,000) dollars.

  • EMPLOYMENT TERM AND COMPENSATION A. The Board hereby employs the Employee for a salary of $3,604 per bi-weekly pay period ($93,700/Annualized), payable in installments less any legally authorized deductions as the DBM D61, Associate Xxxx, Biological and Health Sciences Division.

  • Payments Upon Termination of Employment (a) If Executive's employment with the Company is terminated by reason of:

  • Compensation and Benefits Upon Termination (a) If Executive’s employment is terminated by reason of death or Disability, the Company shall pay Executive’s Base Salary, at the rate then in effect, in accordance with the payroll policies of the Company, through the date of such termination (in the event of Executive’s death, the payments will be made to Executive’s beneficiaries or legal representatives) and Executive shall not be entitled to any further Base Salary or any applicable bonus, benefits or other compensation for that year or any future year, except as may be provided in Sections 5(d) or (e) below or an applicable benefit plan or program, or to any severance compensation of any kind, nature or amount.

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