Method of Payment of Dismissal Pay Sample Clauses

Method of Payment of Dismissal Pay. Employees eligible for dismissal pay and who elect to receive it shall be paid on the pay day following date of layoff the amount of dismissal pay to which they may be eligible up to and including eight (8) weeks' pay, "computed at their dismissal hourly rate," and thereafter on each subsequent pay day the sum of one and one half (1 1/2) weeks' pay, also computed at their "dismissal hourly rate," until the total amount of dismissal pay for which they are eligible shall be exhausted, or until as vested employees they may become eligible for early retirement. In the event of the death of an employee while receiving dismissal payments, such payments shall cease; except that in the event such employee is married or has unmarried children under age twenty-one at the time he is laid off, then such payments shall be continued to the extent of the amount remaining in accordance with the schedule included in (1), solely to the spouse while living and unmarried, or in the event of the spouse's death or remarriage, the payments shall be equally divided between such unmarried children of the employee until they reach the age of twenty-one.
Sample 1Sample 2Sample 3See All (8)
AutoNDA by SimpleDocs
Method of Payment of Dismissal Pay. Employees eligible for dismissal pay and who elect to receive it shall be paid on the pay day following date of layoff the amount of dismissal pay to which they may be eligible up to and including eight
Sample 1

Related to Method of Payment of Dismissal Pay

  • Method of Payment Payment of the aggregate Exercise Price shall be by any of the following, or a combination thereof, at the election of the Optionee:

  • Method of Payback The employee must choose one (1) of the following options for paying back the overpayment:

  • Payment of Benefits a) In computing the amount of disability benefits, disability will be considered as starting from the first day of disability; however, an employee must be certified by a medical practitioner for the disability within the first three days of disability. In the event that the employee is not certified within the first three days, disability will be considered as starting two complete days prior to the day that the employee is actually certified by a medical practitioner.

  • Payment in Lieu of Benefits a) All employees not transferred to the Trust who received pay in lieu of benefits under a collective agreement in effect as of August 31, 2014, shall continue to receive the same benefit.

  • Compensation and Method of Payment Subject to any limitations set forth below or elsewhere in this Agreement, District agrees to pay Consultant the amounts specified in Exhibit B “Compensation”. The total compensation, including reimbursement for actual expenses, shall not exceed Four Thousand Five Hundred Dollars ($4,500.00), unless additional compensation is approved in writing by the District.

  • Method of Compensation It is understood by the parties that, insofar as pay is concerned, employees temporarily filling a position in a higher broadband level shall be paid according to the same compensation method as promoted employees pursuant to the Rules of the State Personnel System.

  • Summary of Benefits Plan Feature Employee Co-pay - Network Only Preventive and Diagnostic Services • Examination • Cleaning • x-rays $0 $0 $0 Minor Restorative • Fillings and extractions • Oral surgery • Endodontic services1 • Periodontal services1 $0 $40-$196 based on specific service $45-$310 based on specific service $25-$145 based on specific service Major Restorative • Crowns • Bridges • Complete Dentures $92-$190 based on specific service $115-$291 based on specific service $249-$264 based on specific service Complete Orthodontics $1,850 co-pay D PPO “Buy Up” Option (Voluntary) Summary of Benefits 1 Additional employee co-pay if approved specialist performs services. Plan Feature In Network/Out of Network Class I (Preventative) 100%/100% Class II (Basic/Restorative) 80%/80% Class III (Major) 60%/60% Class IV (Orthodontia - adult ortho is included) 50%/50% Annual Deductible per Member (does not apply to Class I services) $50/$50 Orthodontia Lifetime Max $1,500/$1,500

Time is Money Join Law Insider Premium to draft better contracts faster.