Deferment of Dismissal Pay Sample Clauses

Deferment of Dismissal Pay. An employee upon being laid off for reduction in force shall have the right to elect either (a) to receive dismissal pay or, if eligible, to accept early retirement as provided in paragraph 1, or (b) to defer acceptance of either dismissal pay or early retirement if eligible and thereby for the time being retain all rights to retain seniority upon return to work to which such an employee may be entitled under the provisions of Article 12. If an employee defers acceptance of dismissal pay and in the meantime is offered an opportunity to return to work and fails to return to work within thirty
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Deferment of Dismissal Pay. An employee upon being laid off for reduction in force shall have the right to elect either (a) to receive dismissal pay or, if eligible, to accept early retirement as provided in paragraph 1, or (b) to defer acceptance of either dismissal pay or early retirement if eligible and thereby for the time being retain all rights to retain seniority upon return to work to which such an employee may be entitled under the provisions of Article 12. If an employee defers acceptance of dismissal pay and in the meantime is offered an opportunity to return to work and fails to return to work within thirty (30) days of notification to do so, such an employee shall have forfeited all rights under this procedure and no dismissal pay shall be payable.

Related to Deferment of Dismissal Pay

  • SICK LEAVE WITH PAY LIMITATION 233. An employee who is absent because of disability leave and who is receiving disability indemnity payments may request that the amount of disability indemnity payment be supplemented with salary to be charged against the employee's sick leave with pay credits so as to equal the net amount the employee would have earned for a regular work schedule minus premium pay adjustments. If the employee wishes to exercise this option, the employee must submit a signed statement to the employee's department no later than thirty (30) days following the employee's release from disability leave.

  • Bereavement Leave With Pay For the purpose of this Article, immediate family is defined as father, mother (or alternatively step-father, step-mother or xxxxxx parent), brother, sister, spouse (including common-law partner residing with the employee), child (including child of common-law partner), step-child or xxxx of the employee, grandparent, grandchild, father-in-law, or mother-in-law, and any relative permanently residing in the employee’s household or with whom the employee permanently resides.

  • SICK LEAVE WITH PAY Sick leave with pay for employees shall be determined in the following manner:

  • Leave With Pay Compassionate leave of absence with pay shall be granted for three (3) work days. Up to two (2) additional days with pay shall be granted for travelling time when this is warranted in the judgement of the Employer.

  • Court Appearance Leave Without Pay An employee may request and shall be granted leave without pay for the time required to make an appearance as a plaintiff or defendant in a civil or criminal court proceeding that is not connected with the employee's officially assigned duties. However, reduction in salary will not be made for an FLSA-exempt employee to testify in court or at a deposition except for full workweek increments where such testimony causes an absence of one (1) or more full workweeks.

  • Termination Pay Effective upon the termination of this Agreement, the Employer will be obligated to pay the Executive (or, in the event of his death, his designated beneficiary as defined below) only such compensation as is provided in this Section 6.5, and in lieu of all other amounts and in settlement and complete release of all claims the Executive may have against the Employer. For purposes of this Section 6.5, the Executive's designated beneficiary will be such individual beneficiary or trust, located at such address, as the Executive may designate by notice to the Employer from time to time or, if the Executive fails to give notice to the Employer of such a beneficiary, the Executive's estate. Notwithstanding the preceding sentence, the Employer will have no duty, in any circumstances, to attempt to open an estate on behalf of the Executive, to determine whether any beneficiary designated by the Executive is alive or to ascertain the address of any such beneficiary, to determine the existence of any trust, to determine whether any person or entity purporting to act as the Executive's personal representative (or the trustee of a trust established by the Executive) is duly authorized to act in that capacity, or to locate or attempt to locate any beneficiary, personal representative, or trustee.

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