Annual Cash Payment. On an annual basis, any employee with a personal leave balance in excess of eighty (80) hours may elect to receive a cash payment for up to 80 hours at their current hourly rate of pay. Employees must request payment in writing on the designated form each year, and the request must be received by the Human Resources Department no later than November 15th. Human Resources Department will coordinate payment to the affected employees no later than December 10th of each year. (All personal leave payments are subject to regular payroll taxes.)
Annual Cash Payment. In consideration for his services as a director of the Company, the Company shall pay Director the annual sum of $50,000, during the Term (as defined below) and with such payments to be made in equal quarterly installments.
Annual Cash Payment. Up to four (4) times each calendar year, during the first pay period of any quarter, an employee may request cash payment at the employee’s hourly base rate of pay for accrued compensatory time. The total amount of accrued compensatory time that an employee may cash out in this manner shall not exceed forty (40) hours in any calendar year.
Annual Cash Payment. Up to four (4) times each calendar year, during the first pay period of any quarter, an employee may request cash payment at the employee’s hourly base rate of pay for accrued vacation time. The total amount of accrued vacation time that an employee may cash out in this manner shall not exceed forty (40) hours in any calendar year.
Annual Cash Payment. During the Term, the Company shall pay to the Executive, an annual payment in cash of (i) $1,064,800, payable on March 15, 2024 and (ii) $1,171,280 payable on March 15th of each year thereafter, subject to adjustment as provided in Section 3(f), and further subject to the Executive being in the employ of the Company on such date.
Annual Cash Payment. In consideration for his services as a director of the Company, the Company shall pay Grantee the annual sum of $37,500 during the Term (as defined below), with such payments to be made in equal quarterly installments. In addition, the Company will pay Grantee $9,375 in consideration for his services as a director for the first fiscal quarter ended December 31, 2004.
Annual Cash Payment. A. On an annual basis, a bargaining unit member with a personal leave balance in excess of eighty-four (84) hours may elect to receive a cash payment for the accrued hours in excess of eighty-four (84) hours and up to one hundred forty (140) hours at their current hourly rate of pay. Employees must request payment in writing on the designated form and the request must be received by the Human Resources Department no later than November 8, 2021. The Human Resources Department will coordinate payment to the employee no later than November 19, 2021. (All personal leave payments are subject to regular payroll taxes).
Annual Cash Payment. Up to tour (4) times each calendar year, during the first pay period of any quarter, an employee may request cash payment at the employee's hourly base rate of pay for accrued vacation time. The total amount of accrued vacation time that an employee may cash out in this manner shaU not exceed eighty 80 hours in any calendar year.
