Eligibility and Payment. In order to earn the Retention Bonus, you must (i) execute and return this Retention Agreement; and (ii) remain employed by Meredith through the consummation of the Spin-Off and thereafter by New Xxxxxxxx, or any corporate entity that is a direct or indirect subsidiary of New Xxxxxxxx (together, the “Applicable Employer”) on a full-time basis through and including August 10, 2024 (such date is the “Earn Date”). If earned, subject to Section IV, the Retention Bonus will be paid to you in a cash lump sum amount, less payroll withholdings and deductions, on the first administratively practicable payroll pay date following the Earn Date.
Eligibility and Payment. Beginning with the effective date of this Agreement and until the first Monday in October of each contract year, all employees with one (1) or more years of continuous employment will be eligible for six (6) days at eight (8) hours per day of excused personal absence to be taken in individual increments of not less than two (2) hours, if the absence is for a reasonable cause and if the employee gives prior notice to supervisor, where possible, and if the employee has worked part of the (1 October to September) year. An employee who, as of October of each year thereafter, has not used the entire six (6) days will receive pay for the unused portion in lieu of time off. An employee or estate will be paid for unused portion as follows:
Eligibility and Payment. If any Employee who would otherwise have been entitled in any year to a vacation with pay under the provisions of Article IX of this Agreement shall during such year enter the armed forces of the United States before he shall have taken such vacation or been paid an allowance in lieu of such vacation and if he shall furnish to the Company at least 14 days' prior written notice of his intention to enlist, he shall be paid an allowance in lieu of such vacation equal to the amount of vacation pay which he would have been entitled to receive for the period of such vacation.
Eligibility and Payment. CellarStone will pay Partner a commission on eligible revenue and according terms specified in Commission Rates (Addendum I) and Commissionable Products Addendums (Addendum II).
Eligibility and Payment. Contributions are payable from the date an employee commences employment. Contributions will be made in respect of all weeks of service of an employee including periods of paid leave and the first 26 weeks of a period of workers compensation. Contributions will not be made in respect of an employee's total ordinary time earnings during any monthly contribution period falling below $450.00.
Eligibility and Payment. If Executive's employment ends prior to ----------------------- December 31, 2000, in the event of any annual bonus, or the last day of the quarter in the event of any quarterly bonus, Executive will be ineligible for any portion of that bonus; provided, however, that if Company terminates Executive's employment without cause, Company will pay Executive a pro-rata share of that bonus. Quarterly bonuses, if any, will be paid on or before the last day of the following quarter, and annual bonuses, if any, will be paid on or before April 15, 2001.
Eligibility and Payment. An employee with five (5) or more years of service, whether or not continuous, at the Brunswick City School District, upon resignation from the Brunswick City School District and retirement under the School Employees Retirement System, shall receive one (1) lump sum. The payment will be calculated by dividing total hours earned by the number of hours the employee worked per day to establish the number of days earned. Severance will be paid for ¼ of the first 160 days earned. If less than 160 days employee will receive ¼ of the lesser amount. Employees with 161-185 days will be paid for all days earned in this interval. The employee will be paid for ¼ of all days earned beyond 185 days. The daily severance will be determined by the number of hours worked per day times hourly rate at retirement. This provision must not conflict with the IRS Code.
Eligibility and Payment. Beginning with the effective date of this Agreement and until the first Monday in October of each contract year, all employees with one (1) or more years of continuous employment will be eligible for six (6) days at eight (8) hours per day of excused personal absence to be taken in individual increments of not less than two (2) hours, if the absence is for a reasonable cause and if the employee gives prior notice to his or her supervisor, where possible, and if the employee has worked some part of the (1 October to 30 September) year. An employee who, as of 1 October of each year thereafter, has not used the entire six (6) days will receive pay for the unused portion in lieu of time off. An employee or his or her estate will be paid for unused portion as follows:
(1) at his or her request in eight (8) hour increments: or
(2) on the regular pay day preceding 1 October; or
(3) at the time of retirement; or
(4) at the time of death. (5) at the time of quit.
Eligibility and Payment. 1. The merit allowance will be calculated from January 1 to December 31 each year.
2. Employees hired or promoted into the bargaining unit after January 1 will have their merit allowance pro-rated based on the number of months they were in the bargaining unit that year. Employees who enter the bargaining unit before the 15th of the month will receive the merit allowance for that month. Employees who enter the bargaining unit on or after the 15th of the month will be eligible for the merit allowance the following month.
3. Employees who promote out of or retire from the bargaining unit during the merit allowance year will have their merit allowance pro-rated based on the number of months they were in the bargaining unit that year.
a. Employees who leave the bargaining unit before the 15th of the month will not receive the merit allowance for that month.
b. Employees who leave the bargaining unit on or after the 15th of the month will be eligible for the merit allowance that month.
c. Employees who separate employment for any other reason will not be eligible for the merit allowance.
4. The Department will provide the Union and payroll with a list of eligible employees the first week of January following the merit allowance year.
5. Payment of the merit allowance will occur in the second pay period of January, following the notification of eligible employees.
Eligibility and Payment. Executive will be eligible to receive this Retention Bonus if Executive remains actively employed by the Company through and including the last day of the Retention Period. The Retention Bonus will be paid to Executive in one lump sum cash payment as soon as practicable after the end of the Retention Period, but in no event later than fourteen business days after such time. Pending the payment or delivery of the Retention Bonus, the Company’s obligation hereunder shall constitute an unfunded, unsecured general obligation of the Company.
