Salary Replacement Sample Clauses

Salary Replacement. SAP plus EI/QPIP payments will replace 70% of the basic rate of pay you have at the time you start your leave for the covered period. Proof of EI/QPIP payments must be provided. The payments are biweekly on your pay schedule and without waiting. If both parents are working for the company, they can both receive SAP benefits as long as they are sharing the government benefits. Your total SAP benefits will be reduced by any salary you earn or additional EI/QPIP benefits you may receive during your covered period. For part time employees the average basic salary earned on the 26 weeks preceding the leave is used instead of the basic rate of pay you have at the time you start your leave.
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Salary Replacement. For periods of leaves of absence without pay and with the written request of the Union, the Employer will maintain the regular biweekly pay and benefits of the Nurse. In such cases the Employer will invoice the Union at a rate of one hundred and twenty (120%) percent of the Nurse's regular rate of pay. This will normally occur within sixty (60) days of the completion of the leave of absence or otherwise as agreed between the parties. The Union shall pay the invoice within thirty (30) days of receipt of the invoice date.
Salary Replacement. The Company will pay Stauth the sum of $0,000,000 (the "Salary Replacement Amount"), which is the equivalent of two times Stauth's current xxxxxx xase pay. This gross amount will be paid in a lump sum payment within ten (10) days after Stauth signs this Xxxxxment and delivers to the Company the General Release described in paragraph 7.1. In the event of Stauth's death, axx xxxxxd portion of the Salary Replace- ment Amount will be paid in the same manner to his executor or personal representative, as applicable.

Related to Salary Replacement

  • Elective Deferrals An Employee will be eligible to become a Contributing Participant in the Plan (and thus be eligible to make Elective Deferrals) and receive Matching Contributions (including Qualified Matching Contributions, if applicable) after completing 1 (enter 0, 1 or any fraction less than 1) Years of Eligibility Service.

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