Payment for Vacation Leave at Termination Sample Clauses

Payment for Vacation Leave at Termination. Upon termination of employment, regular permanent employees shall receive a lump sum payment in lieu of one hundred percent (100%) of unused vacation leave, based on limitations stated above and as further limited by this Section. Employees who terminate active employment before completing six (6) months of employment shall receive no vacation pay. Pay for unused vacation leave shall be computed through the last day of employment. Section 15.04 may be subject to modification to meet legal requirements in the event of further changes in State Law.
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Payment for Vacation Leave at Termination. Paid Service Time. Regular, permanent employees shall be eligible to use accrued vacation leave, up to a limit of four hundred eighty (480) hours, in the form of paid service time prior to termination. Paid service time shall be provided as time off work with pay immediately prior to their termination date. Employees exercising their right to utilize vacation hours as paid service time shall be required to report for work on their last day of paid service time prior to termination. Any remaining accrued vacation leave (up to the 480-hour limit) not used as paid service time shall be cashed-out upon termination of employment. No employee terminated for just cause will be permitted to utilize vacation hours as paid service time, but rather, shall have vacation leave cashed-out under this Article. If a regular, permanent employee is ineligible to use accrued vacation as paid service time, as specified in this Article, or elects against taking paid service time, such employee shall receive a lump sum payment in lieu of unused vacation leave, upon termination, up to a maximum of four hundred eighty (480) hours. Pay for unused vacation leave shall be computed through the last day of employment. In addition, employees who terminate active employment before completing six (6) months of employment shall receive no vacation pay nor be eligible to use vacation as paid service time; thus, their vacation leave shall be forfeited. This Section may be subject to modification to meet legal requirements in the event of further changes in State law.
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Payment for Vacation Leave at Termination. Upon termination, regular permanent employees, with more than six (6) months of Port employment, shall receive a lump sum payment in lieu of unused vacation leave, based on limitations stated above and as further limited by this Article. Pay for unused vacation leave shall be computed through the last day of employment. This Section may be subject to modification to meet legal requirements in the event of further changes in State law.
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Payment for Vacation Leave at Termination. An employee who has successfully completed their first six (6) months of continuous Port of Seattle employment will receive 100% of their accrued Paid Time Off balance at the employee’s hourly rate at termination as a lump sum (all rights to insurance benefits, pension benefits (except for PERS1) and leave accruals during the period in which the PTO leave would have been used as vacation time are waived.
Sample 1
Payment for Vacation Leave at Termination. Should an employee leave the employment of the Employer, prior to his having had the opportunity to take his vacation, the Employer, upon his separation from the employment thereof, will pay any accrued vacation time, at the above rate, provided that the employee has been employed at least 90 days as a regular full-time employee, on the next pay period following separation from the Employer.
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Related to Payment for Vacation Leave at Termination

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

  • Severance Compensation upon Termination Subject to the provisions of Section 10 hereof, in the event of the Employee’s Termination upon a Change of Control, the Company shall pay to the Employee, within fifteen (15) days after the Termination Date (or as soon as possible thereafter in the event that the procedures set forth in paragraph (b) of Section 11 hereof cannot be completed within fifteen (15) days) an amount in cash equal to three (3) times the sum of the Employee’s Base Salary in effect either immediately prior to the Separation from Service or immediately prior to the Change of Control, whichever is higher.

  • Compensation Upon Termination Upon termination of Executive’s employment during the Employment Term, Executive shall be entitled to the following benefits:

  • Separation Compensation In exchange for your agreement to the general release and waiver of claims and covenant not to sue set forth below and your other promises herein, the Company agrees to provide you with the following:

  • Post Termination After the Employee has terminated their employment with the Employer, the Employee shall be bound to Section XII of this Agreement for a period of ☐ Months ☐ Years (“Confidentiality Term”). If the Confidentiality Term is beyond any limit set by local, State, or Federal laws, then the Confidentiality Term shall be the maximum allowed legal time-frame.

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