VACATION PAYOUT UPON TERMINATION Sample Clauses

VACATION PAYOUT UPON TERMINATION. An Employee whose employment terminates for any reason shall have any vacation s/he has accumulated, but not used, including any vacation accumulated since the previous June 1st, paid out in full. An Employee who has used more vacation time than s/he has accumulated, and whose employment terminates for any reason, shall have an equivalent amount of pay deducted from her/his final pay.
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VACATION PAYOUT UPON TERMINATION. Each worker upon termination shall be paid for any vacation earned but not received since date of hire; however, the employer's obligation under this section shall not exceed the equivalent of two (2) year's vacation accrual. Time shall be paid at the regular salary rate of employment.
VACATION PAYOUT UPON TERMINATION. Upon termination, vacation shall be paid in full based upon an employees’ accrued vacation balance earned in his/her account upon termination date.
VACATION PAYOUT UPON TERMINATION. Upon termination from the City’s service, unused vacation time will be compensated at the employee’s current base hourly rate of pay. Vacation payouts are treated as taxable income. MEMORANDUM OF UNDERSTANDING BETWEEN THE CITY OF COVINA AND THE POLICE ASSOCIATION OF COVINA EFFECTIVE: JULY 1, 2021

Related to VACATION PAYOUT UPON TERMINATION

  • 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 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.

  • Payment upon Termination In the event that the City or Consultant terminates this Agreement pursuant to Section 8, the City shall compensate the Consultant for all outstanding costs and reimbursable expenses incurred for work satisfactorily completed as of the date of written notice of termination. Consultant shall maintain adequate logs and timesheets in order to verify costs incurred to that date. The City shall have no obligation to compensate Consultant for work not verified by logs or timesheets.

  • Compensation Upon Termination Upon termination of Executive’s employment during the Employment Term, Executive shall be entitled to the following benefits:

  • 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:

  • Payments Upon Termination 4.1 The Customer shall pay the Company liquidated damages (total monthly fee as specified in the Sales and Services Agreement x remaining months in the Term) upon the occurrence of any of the following events before the expiry of the Term:

  • Benefits Upon Plan Termination In the event this Long-Term Disability Plan is terminated, the benefit payments shall continue to be paid in accordance with the provisions of this Plan to disabled employees who became disabled while covered by this Plan prior to its termination.

  • Benefit Termination Any employee terminating employment shall be entitled to receive the District insurance contribution for the remainder of the calendar month in which the contribution is effective. In cases where separation occurs after completion of the employee’s full contract obligation (i.e. the end of the school/work year), benefit coverage will continue through August 31 of that year.

  • Recovery upon Termination H6.1 On the termination of the Contract for any reason, the Contractor shall at its cost:

  • Vacation Credits Upon Death Earned but unused vacation entitlement shall be made payable, upon termination due to death, to the employee's dependent, or where there is no dependent, to the employee's estate.

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