Benefits at Termination. There shall be no PTO benefit payments upon an employee’s termination during the probationary period or upon the employee’s termination for violation of law. In the event of resignation or retirement Employees are required to provide a two week written notice to the Employer. Failure to provide required notice due to resignation, retirement or termination for reasons other than violation of law, may result in forfeiting of one full day (8 hours) of otherwise payable PTO benefit for every day of insufficient notice. However, total payout shall not exceed the “Maximum Payout at Termination” set forth in Section 15.0. PTO benefits will be paid on the same basis as outlined in Section 15.2 of this Agreement. In the event of lay-off, an employee who still retains call-back rights on his anniversary date will be credited with the PTO benefits earned prior to the lay-off.
Benefits at Termination. There shall be no payment of PTO benefits upon an employee’s termination during the first year of employment or for voluntary terminations without at least two (2) full calendar weeks advanced written notice to the Employer. In all other terminations, Employees shall be paid for accrued and unused paid time off benefits, to the maximum set forth in Section 15.0, within fifteen (15) calendar days following the employee’s termination date. PTO benefits will be paid on the same basis as outlined in Section 15.2 of this Agreement. In the event of lay-off, an employee who still retains call-back rights on his anniversary date will be credited with the PTO benefits earned prior to the lay-off.
Benefits at Termination. If you leave the Company, your own contributions with investments earnings plus Company contribu- tions with investment earnings are payable in a cash lump sum within ninety (90) days of termination. If you wish, most or all of your account may be transferred to your personal RRSP.
Benefits at Termination. There shall be no payment of unused PTO benefits upon an employee’s termination during the first year of employment or for voluntary terminations without at least two (2) full calendar weeks advanced written notice to the Employer. In all other terminations, Employees shall be paid for accrued and unused paid time off benefits, to a maximum shown on the scale above within 15 calendar days following the employee’s termination date. In the event of a layoff, the employee will receive their PTO benefit payment when the employee’s employment relationship is terminated.
Benefits at Termination. I Leave Of Absence . . ..*...................*....... Layoff . . . . . .
