Year-End Payment definition
Examples of Year-End Payment in a sentence
Those eligible Food Service and Transportation Department employees who complete the school year in the service of the District shall receive the appropriate Year-End Payment during July, as a percentage of the total wages paid to the employee during the entire school year.
The amount of Year-End Payment shall be calculated on the following basis: Vacation Days Vacation Hours Year-End Accrued Accrued Payment 1 day/mo.
The Company shall pay to the Executive one months' Basic Remuneration per calendar year of service as a year-end payment ("Year-End Payment").
If the Executive does not serve the Company for the whole of any particular year, the Executive shall be entitled to a rateable proportion of the Year-End Payment, unless this agreement is terminated by the Executive, or by the Company in accordance with Clause 9.1.
You will not be eligible to receive the 2022 Year-End Payment if you are not in Good Standing as defined by the JFG Employee Handbook at the time the payment is due, provided, however, if JFG terminates this agreement without Cause prior to the payment date, or if your employment terminates by your death or permanent disability, you shall still receive the 2022 Year-End Payment.