Separation Pay. 24.01 A regular employee shall be entitled to separation pay as set out in subsection .03 provided he/she has not been excluded by subsection .02 and provided he/she meets any of the following eligibility provisions:
Separation Pay. 18.1 Upon separation from the service by resignation, layoff, expiration of a leave of absence, or death, a permanent employee or their estate shall be paid one-half (1/2) of all unused accumulated sick leave days provided:
Separation Pay. (a) Subject to Executive’s execution and delivery to the company of the Company’s standard form of Separation and Release Agreement, the Company shall pay Executive an amount equal to the Separation Pay upon the occurrence of the applicable Separation Event but in no case later than two and one-half months following the year in which the Separation Event occurs. Separation Pay shall be payable in accordance with the Company’s payroll policy as constituted from time to time, and shall be subject to withholding of all applicable federal, state and local taxes and any other deductions required by applicable law. In the event of Executive’s death, the Company’s obligation to pay further compensation hereunder shall cease forthwith, except that Executive’s legal representative shall be entitled to receive his fixed compensation for the period up to the last day of the month in which such death shall have occurred.
Separation Pay. A full-time employee with lore than six (6) months full-time service who is discharged for incompetence or is perma nently separated due to discontinuance of the job, store closing or reduction in force, shall be given one weeks notice or one weeks pay in lieu of notice. An employee separated during a week for any of these reasons is entitled to pay through the day he was told of his dismissal, plus nay for one additional week which, at the option of the Employer may either be worked out or paid in lieu of notice.
Separation Pay. Upon termination of this Agreement, Executive shall be entitled to Separation Pay in accordance with the following provisions:
Separation Pay. The Company shall pay to Executive an amount equal to One Half (1/2) of Executive’s Base Compensation as of the Termination Date, representing six (6) months annual base compensation, payable to Executive in approximately equal installments over six (6) months, with such period commencing on the first normal payroll date of the Company after the Termination Date and continuing thereafter in accordance with the Company’s regular payroll schedule, but in no event shall such amount paid under this Section 4.3(b)(i) exceed the lesser of two times (A) the limit of compensation set forth in section 401(a)(17) of the Code as in effect for the year in which the Termination Date occurs, or (B) Executive’s annualized compensation based upon the annual rate of pay for services to the Company for the calendar year prior to the calendar year in which the Termination Date occurs (adjusted for any increase during that year that was expected to continue indefinitely if the Employee had not separated from service). The Company and Executive intend the payments under this Section 4.3(b)(i) to be a “separation pay plan due to involuntary separation from service” under Treas. Reg. § 1.409A-1(b)(9)(iii).
Separation Pay. Company may terminate this Agreement at any time whether or not such termination constitutes “Proper Cause” as defined in Section 7 hereof. In the event Company terminates this Agreement without Proper Cause as defined in Section 7 hereof:
Separation Pay. 17.1. Employees separating from City employment, shall be paid on the pay date covering the last day of employment for their salary due through the last date of employment, plus the value of all accumulated vacation time hours, and the value of unused compensatory time off, which shall be calculated based on their hourly rate at the time of his or her separation.
Separation Pay. In exchange for the mutual promises set forth in this Agreement, and if you do not revoke this Agreement as you are entitled to do as set forth below, and even though the Company has no prior obligation to provide you with continued benefits, the Company will pay you a compensation amount equal to (i) 56 weeks of salary (aggregate gross pay of $5,480.77) less applicable payroll tax withholdings and deductions (the “Weekly Separation Pay”); (ii) $20,000 less applicable payroll tax withholdings and deductions (the “Lump-Sum Separation Pay”) (collectively, the Weekly Separation Pay and the Lump-Sum Separation Pay shall be referred to as the “Separation Pay”). The Weekly Pay shall be payable in equal weekly installments in accordance with the Company’s payroll policies. The Lump-Sum Separation Pay shall be payable in a lump sum within 45 days of your execution of this Agreement. In addition, during the time period in which you are receiving Separation Pay you may continue to participate in all Company benefit plans and programs (provided that you make all required contributions), excluding the Company’s 401(k) program and the Company’s equity ownership program. You acknowledge and agree that the Separation Pay is not otherwise due or owing to you under any Company employment agreement (oral or written) or Company policy or practice. You also agree that the Separation Pay to be provided to you is not intended to and does not constitute a severance plan and does not confer a benefit on anyone other than the parties. You further acknowledge that except for the specific financial consideration set forth in this Agreement, you are not now and shall not in the future be entitled to any compensation from the Company including, without limitation, other wages, commissions, bonuses, vacation pay, holiday pay, paid time off or any other form of compensation or benefit. You represent by signing this Agreement that you have received all payments to which you are legally entitled.
