Vacation Pay on Termination or Retirement Sample Clauses

Vacation Pay on Termination or Retirement. An employee terminating his/her employment at any time in his/her vacation year before he/she has had his/her vacation shall be entitled to an equivalent payment of salary or wages in lieu of such vacation at termination provided that the employee gives proper notice of termination. In the event that proper notification of termination is not given, payment will be made at the earliest possible date, but in any event, no later than the second pay day following the date of termination.
Sample 1Sample 2Sample 3See All (25)
AutoNDA by SimpleDocs
Vacation Pay on Termination or Retirement. An Employee who terminates at any time in the vacation year before having taken vacation, shall be paid out for all vacation credits earned and not yet taken. Employees formerly under collective agreements that provided for enhanced vacation pay upon termination or retirement are addressed in Letter of Understanding #3.
Sample 1Sample 2Sample 3See All (24)
Vacation Pay on Termination or Retirement. Vacation allowance on termination of employment shall be the amount accrued at the date of termination.
Sample 1Sample 2Sample 3See All (7)
Vacation Pay on Termination or Retirement. An Employee terminating or retiring from employment at any time in the calendar year, prior to using his/her vacation, shall be entitled to a pro-rated payment of salary or wages in lieu of such vacation on the date of termination or retirement.
Sample 1Sample 2Sample 3See All (5)
Vacation Pay on Termination or Retirement. Vacation entitlement at the time of termination shall be pro-rated based on the portion of the calendar year worked and the employee’s annual vacation entitlement.
Sample 1Sample 2Sample 3

Related to Vacation Pay on Termination or Retirement

  • 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.

  • Vacation Pay on Retirement Termination is as follows:

  • Vacation Pay Upon Termination When an employee in the bargaining unit is terminated for any reason, he/she shall be entitled to all vacation pay earned and accumulated up to and including the effective date of the termination.

  • Vacation Leave on Retirement ‌ An employee scheduled to retire and to receive pension benefits under the Public Service Pension Plan Rules or who has reached the mandatory retiring age, shall be granted full vacation entitlement for the final calendar year of service.

  • VESTED RETIREMENT GRATUITY VOLUNTARY EARLY PAYOUT a) An Employee eligible for a Sick Leave Credit retirement gratuity as per Appendix A shall have the option of receiving a payout of his/her gratuity on August 31, 2016, or on the employee’s normal retirement date.

  • 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 Payment on Termination An employee whose service is terminated by the Company or by resignation shall be entitled to a cash payment in lieu of an outstanding vacation allowance, calculated proportionately from July 1 marking the beginning of the 12-month period in which the vacation entitlement applies. Upon the death of an employee, his or her estate shall be entitled to the same payment. The payment will be based on:

  • Employer Compensation Upon Separation An Employee, upon her separation from employment, shall compensate the Employer for vacation which was taken but to which she was not entitled.

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

  • Deferred Retirement a. An employee who, upon separation from County service, is eligible for paid retirement and elects deferred retirement must defer participation in the Grant until such time as he or she becomes an active retiree.

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