Amount of payment and benefit Sample Clauses

Amount of payment and benefit. An eligible employee’s income continuation 50 benefit shall be as follows: 51 YEARS OF SERVICE BENEFIT 5-7.99 8 WEEKS 8 + 12 WEEKS 52 55 1 Section 7.16(c) Income Continuation. Income continuation benefits will be paid in 40-hour 2 increments. Income continuation benefits shall immediately cease upon the earlier of any of the 3 following events: exhaustion of the employee’s total income continuation benefit, re-employment 4 with the Company or any of its subsidiaries or affiliates, failure to accept a formal offer of recall from 5 layoff within ten workdays after it is extended; failure to report to work on the date designated by 6 the Company or change in the employee’s employment status from layoff to resignation, dismissal, 7 retirement, death, or leave of absence. 9 Section 7.16(d) No employee shall be paid an income continuation benefit more than once 10 during any two year period; provided, however, if an employee is re-employed by the Company 11 before payment of the employee’s total income continuation benefit and is subsequently laid off in 12 such two-year period under conditions which make the employee eligible for a benefit, any unused 13 benefit will be payable to the employee under the provisions of this Section. 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56
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Amount of payment and benefit. An eligible employee’s income 11 continuation benefit shall equal eight (8) weeks of pay for those employees with 1-10 12 years of Spirit service and ten (10) weeks of pay for those employees with over 10 years 13 of Spirit service. 14
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Amount of payment and benefit. An eligible employee’s income continuation 32 benefit shall be as follows: YEARS OF SERVICE BENEFIT 5-7.99 8 WEEKS 8 + 12 WEEKS 34 Section 7.16(c) Income Continuation. Income continuation benefits will be paid in 40-hour 35 increments. Income continuation benefits shall immediately cease upon the earlier of any of the 1 following events: exhaustion of the employee’s total income continuation benefit, re- 2 employment with the Company or any of its subsidiaries or affiliates, failure to accept a formal 3 offer of recall from layoff within ten workdays after it is extended; failure to report to work on 4 the date designated by the Company or change in the employee’s employment status from 5 layoff to resignation, dismissal, retirement, death, or leave of absence.
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Amount of payment and benefit. An eligible employee’s income continuation benefit shall be as follows: YEARS OF SERVICE BENEFIT 5-7.99 8 WEEKS 8 + 12 WEEKS
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Related to Amount of payment and benefit

  • Amount of Payment The “Early Termination Payment” payable to a Member pursuant to Section 4.3(a) shall equal the present value, discounted at the Early Termination Rate as determined as of the Early Termination Reference Date, of all Tax Benefit Payments that would be required to be paid by the Corporation to such Member, whether payable with respect to Units that were Exchanged prior to the Early Termination Effective Date or on or after the Early Termination Effective Date, beginning from the Early Termination Effective Date and using the Valuation Assumptions. For the avoidance of doubt, an Early Termination Payment shall be made to each Member, regardless of whether such Member has Exchanged all of its Units as of the Early Termination Effective Date.

  • Notice of Payment of Termination Payment As soon as practicable after a liquidation, Notice shall be given by the Non-Defaulting Party to the Defaulting Party of the amount of the Termination Payment and whether the Termination Payment is due to the Non-Defaulting Party. The Notice shall include a written statement explaining in reasonable detail the calculation of such amount and the sources for such calculation. The Termination Payment shall be made to the Non-Defaulting Party, as applicable, within ten (10) Business Days after such Notice is effective.

  • Amount of Compensation City shall pay Contractor for performance of all Services rendered in accordance with this Contract in an amount not to exceed $2,000,000.

  • Payment of Termination Payment The Defaulting Party shall make the Termination Payment within ten (10) Business Days after such notice is effective, regardless whether the Termination Payment calculation is disputed. If the Defaulting Party disputes the Non-Defaulting Party’s calculation of the Termination Payment, in whole or in part, the Defaulting Party shall within ten

  • Amount of Benefit The annual benefit under this Section 3.1 is the Normal Retirement Benefit amount described in Section 2.1.1.

  • Benefits – Prepayment or Repayment of Premiums During Unpaid Portion of Leave 11.4.1 Teachers may prepay or repay benefit premiums payable during the duration of parental leave.

  • Effective Date of Wages and Benefits All non-compensatory provisions, wages and benefits shall be effective from Date of Ratification unless otherwise specified in this Collective Agreement.

  • Termination Benefits (a) If Executive’s employment is voluntarily (in accordance with Section 2(a) of this Agreement) or involuntarily terminated within two (2) years of a Change in Control, Executive shall receive:

  • Employer Compensation Upon Separation An Employee, upon her separation from employment, shall compensate the Employer for vacation which was taken but to which she was not entitled.

  • Salary and Benefits During the term of this Agreement:

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