Termination Pay means a payment made by the Company to the Executive pursuant to Section 2(a)(ii) or Section 2(b)(ii) hereof.
Termination Pay means those payments so described in Section 8.2 hereof.
Termination Pay means a payment made by the Company to the Executive pursuant to Sections 2(a)(ii) and (iii).
Examples of Termination Pay in a sentence
Termination pay will be paid within 30 days of the last day of employment.
Termination pay is equivalent to the salary the employee would have received if allowed to serve out the contract year plus any other payments prescribed by statute or this contract.
Termination pay shall be paid as a lump sum including time worked and vacation leave.
Termination pay as discussed in this paragraph includes payment in lieu of benefits that otherwise would have been earned during the applicable term.
Termination pay pursuant to this provision shall be paid in three equal cash installments payable two months, fourteen months and twenty-six months following his/her termination date.
More Definitions of Termination Pay
Termination Pay means an Employer’s payment to the ASRS of an Eligible Member’s pay received as a result of terminating employment to purchase Service Credit as specified in A.R.S. § 38-747(B)(2).
Termination Pay means, for each week of notice an employee is entitled to, the amount obtained by totalling the employee's weekly wages, at the regular wage, during the last 8 weeks in which the employee worked normal or average hours of work and dividing the total by 8;
Termination Pay means any lump sum that is paid at the member's termination
Termination Pay means the amount paid to a Participant upon termination of County employment as a redemption of unused accrued benefits as provided in Los Angeles County Code Section 6.24.040A or as leaving vacation described in Los Angeles County Code Section 6.18.070C (these accrued benefits commonly referred to as “Time Certificates”). The Termination Pay taken into account for all purposes under the Plan shall be limited in accordance with Code Section 401(a)(17).
Termination Pay means any form of bona fide vacation and/or sick leave, severance pay, amounts provided under a window or early retirement incentive plan, or other payments paid at the time of retirement and termination of employment.
Termination Pay. Out The following conditions cover an employee’s entitlement on termination of employment: • An employee must have served for a minimum of ten (10) continuous years with the City of Mount Gambier and have a minimum preserved accrued entitlement of five hundred (500) hours at the date of termination of employment. • Where an employee qualifies for an entitlement a payment will be made on termination of employment equating to fifty percent (50%) of the accrued entitlement above the five hundred (500) hours. • The payment will be paid at the normal base wage at the date of termination of employment. • The provisions of this clause will not apply to an employee who abandons or unlawfully terminates their own employment or in circumstances where the employer terminates the employment on grounds of unsatisfactory conduct and / or performance. • An employee must have a minimum accrual of five hundred (500) hours entitlement before any right to part annual cash-out arises. • In any year the right for annual cash-out of leave ceases should the employees accrued entitlement fall below five hundred (500) hours. • A qualifying employee shall have the choice to either cash-out part of the annual entitlement in accordance with these provisions or allow accrual of the personal / sick leave entitlement. • When a qualifying employee chooses to cash-out part of the annual accrual the maximum amount of the cash-out shall be 50% of the annual entitlement (76 hours) less the amount of leave actually taken for the year.
Termination Pay. Any teacher who retires under TRS, with at least fifteen years of which have been served in the Trout Creek School District, will receive termination pay equal to fifty percent (50%) of the difference between teacher’s annual salary at the time of retirement minus the base salary on the salary schedule. The District shall determine whether the termination pay would occur from the fiscal year retired, or on July 1 of the following school fiscal year. This Agreement will be effective beginning school year August 2016 through June 2017.