Vacation Pay on Termination of Employment Sample Clauses

Vacation Pay on Termination of Employment. Faculty terminating employment shall be paid a lump sum for all accrued, but unused vacation leave up to a maximum of 160 hours.
Sample 1Sample 2
AutoNDA by SimpleDocs
Vacation Pay on Termination of Employment. On termination of employment for any reason other than discharge, a terminating employee shall be paid an amount equal to the vacation allowance for which the employee has qualified but not yet taken in accordance with Article 18.02 and 18.03 above. Where the termination of employment is a result of discharge, the terminating employee shall be paid the amount required by law.
Sample 1
Vacation Pay on Termination of Employment. (a) If a UT ceases to be employed or dies, the UT or the estate shall be paid, in lieu of the unused vacation leave which has been earned, an amount which is equal to the product of the current daily rate of pay as calculated the classification specified in his or her certificate of appointment, multiplied by the number of days of earned but unused vacation and leave with pay to his or her credit on the day the UT ceased to be employed or died. Notwithstanding sub-clause a UT whose employment is terminated by reason of a declaration of abandonment of position is entitled to receive the payment referred to in if the UT requests it within a period of three and one-half (3 years following the date upon which employment is terminated. **ARTICLE SABBATICAL LEAVE shall be eligible for sabbatical leave in accordance with the terms and conditions outlined herein. Sabbatical leave is an authorized period of leave without pay with an allowance in lieu of salary, that may be granted to in accordance with the conditions, requirements and provisions detailed herein. Purpose and Principles Sabbatical leave, a feature of employment for is a period of leave for a specified duration of either six or twelve months during which time eligible employees shall be relieved of their normal teaching and administrative obligations as a means of providing them with an opportunity to pursue research or other scholarly activities. Eligibility Criteria To be eligible for sabbatical leave, a UT must be employed on a full-time indeterminate basis. A UT applying for a six-month sabbatical leave period must have completed three years of service as a UT. A UT applying for a twelve-month sabbatical leave period must have completed six years of service as a UT. An applicant may be given credit for up to three years service at another university upon recommendation of the principal. However, no UT may be granted sabbatical leave before having served three years of continuous service as a full-time UT. Applications for subsequent periods of sabbatical leave will normally require completion of six years intervening service before being granted a twelve-month sabbatical or three years before being granted a six-month sabbatical. Selection Criteria
Sample 1
Vacation Pay on Termination of Employment. (a) If a UT ceases to be employed or dies, the UT or the estate shall be paid, in lieu of the unused vacation leave which has been earned, an amount which is equal to the product of the UT’s current daily rate of pay as calculated from the classification specified in his or her certificate of appointment, multiplied by the number of days of earned but unused vacation and furlough leave with pay to his or her credit on the day the UT ceased to be employed or died.
Sample 1
Vacation Pay on Termination of Employment. When an employee leaves the Library System she shall receive vacation pay less any vacation days earned and granted during the current calendar year except where the employee has exceeded her entitlement, in which case amounts overpaid will be deducted from her final cheque.
Sample 1
Vacation Pay on Termination of Employment. Upon termination of employment workers shall be paid for their accrued and unused vacation time. Payment shall be at the worker's regular rate as of the date of termination.
Sample 1

Related to Vacation Pay on Termination of Employment

  • 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:

  • 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.

  • Termination of Employment Severance Your immediate supervisor or the Company's Board of Directors may terminate your employment, with or without cause, at any time by giving you written notice of your termination, such termination of employment to be effective on the date specified in the notice. You also may terminate your employment with the Company at any time. The effective date of termination (the "Effective Date") shall be the last day of your employment with the Company, as specified in a notice by you, or if you are terminated by the Company, the date that is specified by the Company in its notice to you. The following subsections set forth your rights to severance in the event of the termination of your employment in certain circumstances by either the Company or you. Section 5 also sets forth certain restrictions on your activities if your employment with the Company is terminated, whether by the Company or you. That section shall survive any termination of this Agreement or your employment with the Company.

  • Other Termination of Employment In the event of your voluntary termination (other than a Retirement subject to Section 2(c) or a Qualifying Termination subject to Section 2(f)), or termination by the Company or a subsidiary of the Company for misconduct or other conduct deemed by the Company to be detrimental to the interests of the Company or a subsidiary of the Company, you shall forfeit all unvested RSUs on the date of termination.

  • Early Termination of Employment In addition to any Termination of Employment of Executive as a Retired Early Employee under Paragraph 6 of this Agreement, a Termination of Employment of Executive may occur prior to the normal expiration of the Term under the circumstances and with the consequences set forth below.

  • 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:

  • 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:

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

  • Voluntary Termination of Employment If during the Employment Term, Executive terminates his employment under circumstances other than those specified elsewhere in this Section 8, Executive shall be entitled to the payments and benefits specified in Section 8(a).

Time is Money Join Law Insider Premium to draft better contracts faster.