Early Payout Sample Clauses

Early Payout. Upon application, certificated employees retiring from the teaching profession shall receive the balance of their salary payments on the June payday during the year in which they leave the District. The District shall deduct from said payment the Association dues that are owed by the employee and forward them to the Association in the prescribed manner. The District shall also continue to deduct insurance and pension contributions due for the months of June, July, and August and shall make its normal contributions for those months in the normal manner. The District may elect to pay off any other employee at the time he/she leaves the District or on the June payday during the year in which he/she leaves. The District shall deduct the Association dues, if any, and any legally required deductions. Dues shall be remitted to the Association.
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Early Payout. In the event the District pays off employees such as retirees who leave the District, the District shall deduct the Association dues that are owed by the employee and forward them to the Association in the prescribed manner.
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Early Payout. If the Executive's Termination of Employment occurs prior to Normal retirement Age, he may in a written request to the Company elect to have annual benefit payments commence within 30 days following his Termination of Employment rather than at age 65, provided the election is made 13 months prior to Termination of Employment. If such election occurs the annual benefit amount shall be further reduced per month for each month between Termination of Employment and age 65. Said reduction shall be determined by using the 5-year Treasury Constant Maturity Rate (not to exceed 6% annually) as of the last day of the month prior to Termination of Employment, divided by 12.
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Early Payout. Upon application, certificated employees retiring from the teaching profession 44 shall receive the balance of their salary payments on the June payday during the year in 45 which they leave. The District may elect to pay off any other certificated employee(s) at the 46 time he/she leaves the District. All deductions due for the remainder of the year for which 47 this salary is paid shall be made at this time and appropriately transmitted by the District, 48 along with fringe benefits due for this time period. At the request of the employee, the 49 District shall continue to deduct insurance contributions due for the months of June, July and 50 August, and shall make its normal contribution for those months in the normal manner.
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Early Payout. ‌ 13.1 Provided that you are not in default of your obligations under this Agreement you may repay the Purchase Price advanced pursuant to a Supplementary Agreement upon providing 7 days notice to us. At the time of repayment you must also pay all accrued Finance Costs and any other costs and fees payable by you under the Supplementary Agreement (“Repayment Amount”). 13.2 Upon payment of the Repayment Amount we will provide you with an authority to sell the relevant Stock (“Released Stock”) on our behalf and, subject to: (a) You not being in default of your obligations under this Agreement at the time the Released Stock are sold; and, (b) Us not requiring you to apply the proceeds of sale of the Released Stock towards payment of an Repayment Amount in respect of other Stock at the time the Released Stock are sold, You may retain all proceeds of sale of the Released Stock. 13.3 Upon receipt of the Repayment Amount, any reference to “Stock” in this Agreement will no longer include the Released Stock, to the extent only that there is an obligation on you to pay us an amount relating to the Purchase Price, Finance Costs and any other costs and fees payable by you under the Supplementary Agreement in respect of the Released Stock. 13.4 Despite clause 1.1 of these Terms any amendment of this clause 13 will not be effective until the later of; (a) the date on which it is to become effective in accordance with clause 1.1 of these Terms; or (b) the date on which any of the following occurs; (i) You make a funding request for a further cash flow advance; (ii) You make a request under the Master Livestock Agreement for us to purchase livestock from a third party; or (iii) You accept the amendment to this clause 13.
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Related to Early Payout

  • Payout At the commencement of the period of leave, the College shall pay to the participant the moneys standing to his/her credit less any premiums or contributions deducted for the year, except as may otherwise be mutually agreed, it being understood that interest is not earned for the period of leave.

  • Vacation Payout Where an employee requests in writing to have a specific number of vacation days paid out, and the Employer agrees to the request, the Employer will issue pay in lieu of vacation. Pay in lieu of vacation, if agreed, will be granted only after a minimum of 15 days' vacation time has already been taken in the year.

  • Performance Award You are hereby awarded, on the Grant Date, a Performance Award with a target value of [AMOUNT].

  • Early Retirement Benefit Upon Termination of Service prior to the Normal Retirement Age for reasons other than death, Change of Control or Disability, the Company shall pay to the Director the benefit described in this Section 4.2 in lieu of any other benefit under this Agreement.

  • Performance Pay In accordance with Section 8 of the General Appropriations Act for Fiscal Year 2020-2021, contingent upon the availability of funds and at the Agency Head’s discretion, each agency is authorized to grant merit pay increases based on the employee’s exemplary performance, as evidenced by a performance evaluation conducted pursuant to Rule 60L-35, Florida Administrative Code.

  • Early Termination Benefit If Early Termination occurs, the Bank shall distribute to the Executive the benefit described in this Section 2.2 in lieu of any other benefit under this Article.

  • Early Retirement Benefits If elected in the Adoption Agreement, an Early Retirement benefit may be available to individuals who meet the age and Service requirements that are specified in the Adoption Agreement. A Participant who attains his or her Early Retirement Date will become fully vested, regardless of any vesting schedule which otherwise might apply. If a Participant separates from Service with a nonforfeitable benefit before satisfying the age requirements, but after having satisfied the Service requirement, the Participant will be entitled to elect an Early Retirement benefit upon satisfaction of the age requirement.

  • Accrued Benefit 1.05 1.16 Nonforfeitable ............................................. 1.05 1.17 Plan Year/Limitation Year .................................. 1.05 1.18 Effective Date ............................................. 1.05 1.19 Plan Entry Date ............................................ 1.05 1.20

  • Bonus Compensation During the term hereof, the Executive shall participate in the Company’s Senior Executive Annual Incentive Plan, as it may be amended from time to time pursuant to the terms thereof (the “Plan,” a current copy of which is attached hereto as Exhibit A) and shall be eligible for a bonus award thereunder (the “Bonus”). For purposes of the Plan, the Executive shall be eligible for a Bonus, and the Executive’s specified percentage (the “Specified Percentage”) for such Bonus shall initially be fifty percent (50%) of Base Salary and shall thereafter be established annually by the Board of Directors (the “Board”) or, if the Board delegates the Specified Percentage determination process to a Committee of the Board, by such Committee. In the event the Board or Committee does not approve the Executive’s Specified Percentage within 90 days of the beginning of a fiscal year, such Specified Percentage shall be the same as the immediately preceding year. Whenever any Bonus payable to the Executive is stated in this Agreement to be prorated for any period of service less than a full year, such Bonus shall be prorated by multiplying (x) the amount of the Bonus otherwise earned and payable for the applicable fiscal year in accordance with this Sub-Section 4.2 by (y) a fraction, the denominator of which shall be 365 and the numerator of which shall be the number of days during the applicable fiscal year for which the Executive was employed by the Company. Executive agrees and understands that any prorated Bonus payments will be made only after determination of the achievement of the applicable Performance Measures (as defined in the Plan) in accordance with the terms of the Plan. Any compensation paid to the Executive as Bonus shall be in addition to the Base Salary.

  • Sick Leave Payout No cash payment for unused sick leave will be paid to any employee leaving the service of the Employer.

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