Terminal pay definition

Terminal pay means the following payments made by an employer to an employee on termination of employment:
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Terminal pay means any payment to an employee in exchange for an agreement to retire by a certain date.
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Examples of Terminal pay in a sentence

  • Terminal pay shall be made available within 30 duty days of the date of retirement, or on a mutually agreed upon date.

  • Terminal pay will be processed immediately if such notification is not received by the first scheduled work day of the new school year.

  • Terminal pay shall be paid after ten (10) years of creditable service in a retirement 40 plan established by the Florida Legislature and shall be based on the total number of accrued and 41 valid sick leave days credit to the teacher at the daily rate of pay of the teacher at the time of 42 termination.

  • Terminal pay for accumulated sick leave will be in accordance with the following schedule.

  • Terminal pay calculations are based on the employee’s leave balances and salary in effect on the date of the mandatory payments.

  • Terminal pay benefits for accrued sick leave are defined hereinafter.

  • Terminal pay shall be paid after ten (10) years of creditable service in a retirement 45 plan established by the Florida Legislature and shall be based on the total number of accrued and 46 valid sick leave days credited to the employee at the daily rate of pay of the employee at the time 1 of termination.

  • Calculation Terminal pay is calculated by adding the products of the following two operations:1.

  • Terminal pay shall not be provided to employees hired or rehired after August 31, 2003.

  • Terminal pay as herein provided for in this paragraph shall be in addition to amounts otherwise receivable by Employee or his estate under this or any other agreements with Corporation or under any employee benefits or retirement plans established by Corporation and in which Employee is participating at the time of his death.

Related to Terminal pay

  • Terminal Illness means a person is diagnosed by a Physician to have a prognosis of 12 months or less to live.

  • Terminal Equipment means all telephone instruments, including pay telephone equipment, the common equipment of large and small key and PBX systems and other devices and apparatus, and associated wirings, which are intended to be connected electrically, acoustically or inductively to the telecommunication system of the telephone utility.

  • Bulk gasoline terminal means a gasoline storage facility which receives gasoline from its supply source primarily by pipeline, ship, or barge, and delivers gasoline to bulk gasoline plants or to commercial or retail accounts primarily by tank truck; and has an average daily throughput of more than 76,000 liters (20,000 gallons) of gasoline.

  • Transportation facility means any transit, railroad,

  • Transportation network company driver or “driver” means an

  • Transportation Facilities means any physical facility that moves or assist in the movement of people or goods including facilities identified in OAR 660-012-0020 but excluding electricity, sewage, and water systems.

  • Enrollee point-of-service cost-sharing means amounts paid to

  • Marine terminal means a public or private commercial wharf

  • Rechargeable Electrical Energy Storage System (REESS) means the rechargeable energy storage system that provides electric energy for electrical propulsion.

  • Transportation Service Agreement means the contract between KUB and the Customer whereby KUB agrees to provide transportation gas service to the Customer.

  • Trunk Line means the coaxial/optic fiber cable network and other allied equipment such as receiver nodes, amplifiers, splitters etc. owned and installed by the multi-system operator or its associate companies for the purpose of transmitting Cable TV Signal to various LCOs till the receiving end of various LCOs, including the LCO, to enable them to re-transmit the Cable TV Signal to respective subscribers; All other words and expressions used in this interconnection agreement but not defined, and defined in the Act and rules and regulations made thereunder or the CTN Act and the rules and regulations made thereunder, shall have the meanings respectively assigned to them in those Acts or the rules or regulations, as the case may be.

  • Transportation network company means a company or organization facilitating and/or providing transportation services using a computer or digital application or platform to connect or match passengers with drivers for compensation or a fee.

  • Terminal means a device authorized by a Party Lottery to function in an on-line, interactive mode with the lottery's computer gaming system for the purpose of issuing lottery tickets and entering, receiving, and processing lottery transactions, including purchases, validating tickets, and transmitting reports.

  • Transportation equipment means 1 or more of the following:

  • Control Area(s) means an electric power system or combination of electric power systems to which a common automatic generation control scheme is applied.

  • Transportation network company rider or “rider” means an

  • Local Access and Transport Area (LATA) Shall have the meaning set forth in 47 U.S.C. §153.

  • PJM Control Area means the Control Area recognized by NERC as the PJM Control Area.

  • Terminal operator means a person who owns, operates, or otherwise controls a terminal.

  • Intermodal Rail Yard means a rail facility in which cargo is transferred from drayage truck to train or vice-versa.

  • Transportation Service means a service for moving people and goods, such as intercity bus service and passenger rail service.

  • Transportation Company means any organization which provides its own or its leased vehicles for transportation or which provides freight forwarding or air express services.

  • Transportation Services means travel assistance given to an individual

  • Transportation project means any project that the department is authorized by law to undertake including but not limited to a highway, tollway, bridge, mass transit, intelligent transportation system, traffic management, traveler information services, or any other project for transportation purposes.

  • Terminal disease means an incurable and irreversible disease that has been medically confirmed and will, within reasonable medical judgment, produce death within six months.

  • Class Licence Allowance Gross All-Purpose Wage A" Class Licence per week per hour 1 878.35 64.50 41.00 983.85 27.3292 2 918.90 64.50 41.00 1,024.40 28.4556 3 959.45 64.50 41.00 1,064.95 29.5819 4 999.95 64.50 41.00 1,105.45 30.7069 5 1,040.50 64.50 31.00 41.00 1,177.00 32.6944 45.90 1,222.90 33.9694 6 1,081.05 64.50 31.00 41.00 1,217.55 33.8208 45.90 1,263.45 35.0958 7 1,162.10 64.50 31.00 41.00 1,298.60 36.0722 45.90 1,344.50 37.3472 8 1,243.15 64.50 31.00 41.00 1,379.65 38.3236 45.90 1,425.55 39.5986 9 1,283.70 64.50 31.00 41.00 1,420.20 39.4500 45.90 1,466.10 40.7250 10 1,405.30 64.50 31.00 41.00 1,541.80 42.8278 45.90 1,587.70 44.1028 Rates of Pay from 1st March 2009