Common use of Compensatory Time Payoff Clause in Contracts

Compensatory Time Payoff. An employee who separates from employment by reason of resignation, discharge or retirement and who upon the effective date of such separation has accrued unused compensatory time shall be paid for such hours of unused compensatory time at the employee's straight time hourly rate. In the event the termination results from the death of the employee, the payment, if any, shall be made to the executor of the Will or the administrator of the estate.

Appears in 7 contracts

Samples: Memorandum of Agreement, Memorandum of Agreement, Memorandum of Agreement

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