Completion of Term Payment Sample Clauses

Completion of Term Payment. On completion of a Fixed Term or Specified Task engagement (minimum of twelve months) where the employment terminates, an ex-gratia “Completion of Term Payment” (CTP) will be payable as follows to the employee:the date of termination less any LSL taken. The Completion of Term Payment does not apply to an apprentice or a trainee under an apprenticeship or traineeship. No Significant Change 3.6 Position Profiles All offers of employment will include an up to date position profile. SPARQ Solutions provide a commitment to having current position descriptions for all jobs within SPARQ Solutions’ operations. Advertised positions will be accompanied by position descriptions in all circumstances. Position descriptions should be regularly reviewed to determine if the duties, key accountabilities, or reporting responsibilities have changed. The position profile should be updated to reflect any changes. The review of individual position descriptions should occur at least annually and be discussed as part of the annual performance review process. The review process will be in consultation with the employee on any proposed changes and amendments to be made to the position description and provided to the employee and placed on their personnel file. If the accountabilities, responsibilities or skill requirements of the position change sufficiently to warrant a possible reclassification, the position description will need to be re-evaluated and determined within an agreed timeframe to assess whether the current classification level and therefore salary, is still appropriate for the position. If the position is re-evaluated at a lower or higher classification, the outcomes and reasons will be communicated in a timely manner in writing to the employee or employees affected. No Significant Change 3.7
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Completion of Term Payment. On completion of a Fixed Term or Specified Task engagement (minimum of twelve months) where the employment terminates, an ex-gratia “Completion of Term Payment” (CTP) will be payable as follows to the employee: ▪ Three (3) weeks per year of service, together with a proportionate amount for an incomplete year of service; ▪ Pro-rata Annual Leave is paid to the date of termination less any Annual Leave taken; and ▪ Long Service Leave (LSL) at the rate of 1.3 weeks per completed year of service and pro-rata will be paid for an incomplete year of service up to the date of termination less any LSL taken. The Completion of Term Payment does not apply to an apprentice or a trainee under an apprenticeship or traineeship.
Completion of Term Payment. On completion of a fixed term or Specified Task engagement [minimum of twelve months] where the employment terminates, an ex-gratia “Completion of Term Payment” [CTP] will be payable as follows to the employee: ▪ Three [3] weeks per year of service, together with a proportionate amount for an incomplete year of service; ▪ Pro-rata Annual Leave is paid to the date of termination; and ▪ Long Service Leave at the rate of 1.3 weeks per completed year of service and pro-rata will be paid for an incomplete year of service up to the date of termination.

Related to Completion of Term Payment

  • Construction of Terms Nothing herein expressed or implied is intended, or shall be construed, to confer upon or give any person, firm or corporation, other than the parties hereto or their respective successors and assigns, any rights or remedies under or by reason of this Agreement.

  • Notification of Termination 22.3.2.1 Upon the occurrence at District's sole determination of any of the above conditions, or upon Developer’s failure to perform any material covenant, condition or agreement in this Facilities Lease, District may, without prejudice to any other right or remedy, serve written notice upon Developer and its Surety of District's termination of this Facilities Lease and/or Developer’s right to perform the Work of this Facilities Lease. This notice will contain the reasons for termination.

  • Notice of Termination Payment As soon as practicable after calculation of a Termination Payment, 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 or due from the Non-Defaulting Party. The notice shall include a written statement explaining in reasonable detail the calculation of such amount. Subject to Section 5.4(b) above, the Termination Payment shall be made by the Party that owes it within three (3) Business Days after such notice is effective.

  • Payment after Notice of Termination The Manager’s acceptance of any payment of arrears or of any other payment for the use or occupation of the Room, after delivery of a notice terminating this Agreement to the Resident, does not operate as waiver of a notice of termination, nor reinstatement of this Agreement.

  • Duration of Term The term of this Agreement (the “Term”) shall commence on the Commencement Date and shall expire at 11:58 p.m. (New York City time) on the earlier of the Expiration Date or the Termination Date, if any.

  • Extension of Term Provided Exporter's goods and services are in demand and Exporter is processing sales generating Transaction Fees, as set forth in Section 6, within fifteen (15) years from the Effective Date, Exporter shall have an option to (a) continue with its membership under Section 2 at no additional fee, or (b) option of developing single point of sales, distribution, networking, and logistics facilities separate and distinct from AmericaTowne for a mutually agreeable reduced rate, which shall be agreed upon in writing prior to thirty (30) days from the termination of fifteen (15) years from the Effective Date. The Exporter has the option of choosing option (b) above at its discretion.

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