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 more than six (6) months’ full-time service, who is permanently separated due to discontinuance of the job, store closing or reduction in the working forces, shall be given one (1) week’s notice or one (1) week’s 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 dis missal, plus pay for one additional week, which, at the option of the Employer, may either be worked 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. 21.1 When an employee leaves City employment, he or she shall be paid in full on the payroll covering the last day he or she actually worked for his/her salary due, plus the value of accumulated vacation time, and unused compensatory time off earned, such value to be calculated based on his/her basic hourly rate at the time of his/her separation.
Separation Pay. Subject to Section 22.4, upon separation from the Employer's payroll, an employee shall be entitled to compensation at his current rate of pay for all lawfully accrued and unused vacation leave to his credit at the time of separation, but in no event more than three (3) years' maximum accumulation. In case of the death of an employee, such unused vacation leave shall be paid to his estate or to a designated beneficiary.
