Entitlement Upon Termination Clause Examples

The "Entitlement Upon Termination" clause defines what rights, payments, or benefits a party is entitled to receive if the contract is ended before its natural expiration. Typically, this clause outlines whether accrued but unpaid compensation, severance, or reimbursement of expenses will be provided, and may specify conditions under which certain entitlements are granted or withheld. Its core function is to ensure both parties understand their financial and legal positions upon termination, thereby reducing disputes and providing clarity in the event the agreement ends prematurely.
Entitlement Upon Termination a) Where an employee terminates employment they shall be paid out all unused vacation accrued to their credit. b) It is further agreed that, at the employees option, a retiring employee may retire early on such date as his/her unused vacation entitlement may allow, or work until the agreed upon retirement date and receive a cash payment for such unused vacation entitlement.
View SourceView Similar (3)
Entitlement Upon Termination. Upon a termination of the Employee’s employment under Section 4, the Employee (or the Employee’s estate or other legal representative) shall be entitled to receive the sum of: (i) the Employee’s Base Salary and prorated annual Performance Bonus amount through the Date of Termination not theretofore paid; (ii) any expenses owed to the Employee under Section 3(e) through the Date of Termination; and (iii) any amount arising from the Employee’s participation in, or benefits under, any employee benefit plans, programs or arrangements accrued through the Date of Termination, which amounts shall be payable in accordance with the terms and conditions of such employee benefit plans, programs or arrangements.
View SourceView Similar (2)
Entitlement Upon Termination. Subject to Article 20.23, an employee who leaves the employment of the Regional Corporation shall be entitled to receive his/her salary, wages, or other remuneration for one-half (1/2) of the number of days standing to his/her credit in accumulated unused sick leave, but in any event not in excess of the amount he/she would receive in six (6) months, at the rate received by him/her immediately prior to his/her termination of employment.
View Source
Entitlement Upon Termination. An employee terminating his employment for any reason at a time when an unused period of vacation with pay stands to his credit shall be allowed vacation calculated to the date of his leaving the service as provided for in Rule and, if not granted, shall be allowed pay in lieu thereof. An employee who is laid off shall be paid for any vacation due him at the beginning of the current calendar year and not previously taken and, if subsequently recalled to service during such year shall upon application, be allowed pay in lieu of any vacation due him at the beginning of the following calendar year. An who is dismissed for cause and not reinstated in his former standing within two (2) years of date of such dismissal shall, if subsequently returned to the service, be required to qualify again for vacation with pay as provided in Rule
View Source
Entitlement Upon Termination a) When an employee terminates employment they unused vacation accrued to her/his credit. shall be paid out all b) It is further agreed that, at the employee’s option, a retiring employee may retire early on such date as her/his unused vacation entitlement may allow, or work until the agreed upon retirement date and receive a cash payment for such unused vacation entitlement. c) Where an employee retires/quits or terminates, she/he will be entitled to a pro-rated vacation payment and entitlement for the year. An employee who uses vacation time and/or pay which is not earned authorizes the Employer upon separation from employment to withhold any such amount from any outstanding pay.
View Source
Entitlement Upon Termination. Subject to the provisions hereof, upon any termination of the Employment Period as provided in this Section 3(a), (b) and (c), the Employee shall be entitled to all payments and benefits accrued, and shall be entitled to reimbursement of all expenses incurred, through the effective date of such termination, including through any required notice period.
View Source

Related to Entitlement Upon Termination

  • 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.

  • Upon Termination In the event this Agreement is terminated by the OAG, the Provider will deliver documentation of ownership or title, if appropriate for all supplies, equipment and personal property purchased with grant funds to the OAG, within 30 days after termination of this Agreement. Any finished or unfinished documents, data, correspondence, reports and other products prepared by or for the Provider under this Agreement will be made available to and for the exclusive use of the OAG.

  • Benefits Upon Termination (a) In lieu of any severance that may otherwise be payable to the Executive pursuant to any policies of the Company, whether existing on the date hereof or in effect from time to time hereafter, in the event that the Company terminates the Executive’s employment pursuant to a Termination Without Cause, the Company shall pay the Executive severance payments in an amount equal to 2.0 times the Executive’s Base Salary at the rate in effect at the time of the Executive’s termination of employment. The severance amount shall be paid in accordance with the Company’s payroll over the two year period following the Executive’s termination of employment (the “Severance Period”). Such severance payments shall commence within 60 days after the effective date of the termination, subject to (i) the Executive’s execution and non-revocation of a written release of all claims against the Company and all related parties with respect to all matters arising out of the Executive’s employment by the Company, or the termination thereof, substantially in the form attached hereto as Exhibit A (the “Release”), and (ii) the Executive’s continued compliance with the restrictive covenants set forth in Sections 7 and 8 below. The Executive also shall be entitled to any earned but unpaid Base Salary as of the effective date of termination of employment. No other payments shall be made, or benefits provided, by the Company under this Agreement except as otherwise required by law or the Company’s benefit plans. (b) In the event that the Company terminates the Executive’s employment pursuant to a Permanent Disability, the Company shall pay the Executive any earned but unpaid Base Salary as of the date of termination of employment. No other payments shall be made, or benefits provided, by the Company under this Agreement except as otherwise required by law or the Company’s benefit plans. (c) In the event that the Company terminates the Executive’s employment pursuant to a Termination for Cause or the Executive terminates his employment with the Company for any reason (including, without limitation, pursuant to any retirement), the Company shall pay the Executive any earned but unpaid Base Salary as of the date of termination of employment. No other payments shall be made, or benefits provided, by the Company under this Agreement or otherwise except to the extent required by law or the Company’s benefit plans. (d) In the event that the Executive’s employment hereunder is terminated due to the Executive’s death, the Company shall pay the Executive’s executor or other legal representative (the “Representative”) any earned but unpaid Base Salary as of the date of termination of employment. No other payments shall be made, or benefits provided, by the Company whether under this Agreement or otherwise except to the extent required by law or the Company’s benefit plans. (e) The Executive shall not be required to mitigate the severance payments to be made to him hereunder and if the Executive obtains other employment while receiving severance payments hereunder he shall continue to be entitled to the benefits of this Agreement.

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

  • Rights Upon Termination Except as expressly provided in Section 6, upon the termination of the Executive’s Employment pursuant to this Section 5, the Executive shall only be entitled to the compensation, benefits and reimbursements described in Sections 2, 3 and 4 for the period preceding the effective date of the termination. The payments under this Agreement shall fully discharge all responsibilities of the Company to the Executive.