Entitlement Computation Sample Clauses

Entitlement Computation. The entitlement payment for an eligible employee will be computed by multiplying the employee’s accumulated sick leave, preceding the date of retirement, by the rate of fifty dollars ($50) per full- time day at the time of retirement. Example:
Sample 1
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Entitlement Computation. Effective upon approval of their respective bodies, the entitlement payment for an eligible employee will be computed by multiplying the employee’s accumulated sick leave, preceding the date of retirement, by utilizing the chart below: Accumulated Sick Days Retirement Stipend Less than 100 $50.00 per day x number of accumulated days 100-199 $65.00 per day x number of accumulated days 200 or more $75.00 per day x number of accumulated days *Half days will be rounded up to the nearest whole day. Xxxx leave used in the computation of the entitlement payment will be considered and would no longer be available to the employee as paid sick leave. Consequently, only the final year’s sick leave allocation will be available for use as a result of a bona fide absence due to sickness.
Sample 1
Entitlement Computation. Entitlement for an eligible employee will be computed by multiplying the employee’s accumulated and unused sick leave times 35% of the value per full-time day based on the salary including longevity being received at the time of retirement. Sick leave used in the computation of the entitlement will be considered consumed and no longer available to the employee as paid sick leave. Consequently, only the final year’s sick leave allocation will be available for use as the result of bona fide absences due to sickness.
Sample 1
Entitlement Computation. Entitlement for an eligible employee will be computed by multiplying the employee’s accumulated and unused sick leave times 30% of the employees’ day rate based on the salary including longevity being received at the time of retirement.
Sample 1

Related to Entitlement Computation

  • Benefit Entitlement When an employee is on a WCB claim all benefits of the Agreement will continue to accrue. However, an employee off work on WCB claim shall receive net wages as defined by (A) above, and benefits equalling but not to exceed their normal entitlement had they not suffered a compensable injury. For the first twenty (20) work days on claim, an employee will accrue paid holidays and vacation credits. Once the claim exceeds twenty (20) work days, paid holidays and vacation credits will not accrue. However, unused vacation credits accrued prior to the claim shall not be lost as a result of this clause.

  • Entitlement and Calculation of Payment Subject to maintaining any superior conditions concerning entitlement, vacation entitlement shall be as follows: An employee who has completed less than one year of continuous service as of his anniversary date of hire shall be entitled to two annual vacation. Payment for such vacation shall be prorated in accordance with his/her service. An employee who has completed one year but less than three years of continuous service as of his anniversary date of hire shall be entitled to two weeks' annual vacation with pay. An employee who has completed three years but less than eight years of continuous service as of his anniversary date of hire shall be entitled to three weeks' annual vacation with Effective in the vacation year where the date for determining vacation entitlement in the individual Hospital falls on or after January the service requirement for three weeks vacation shall be two or more years of full-time continuous service. An employee who has completed eight years but less than fifteen years of continuous service as of his anniversary date of hire shall be entitled to four annual vacation with Effective in the vacation year where the date for determining vacation entitlement in the individual Hospital falls on or after January the service requirement for four weeks vacation shall be six or more years of full-time continuous service. Effective in the vacation year where the date for determining vacation entitlement falls on or after January the service requirement for four weeks vacation shall be five or more years of full-time continuous service. An employee who has completed fifteen years but less than twenty-five years of continuous service as of his anniversary date of hire shall be entitled to five annual vacation with pay. An employee who has completed twenty-five or more years of continuous service as of his anniversary date of hire shall be entitled to six weeks annual vacation with pay. Vacation pay shall be calculated on the basis of the employees' regular straight time rate of pay times their normal weekly hours of work, subject to the application of the Effect of Absence provision.

  • Shift Premium Entitlement (a) Employees working an afternoon or night shift as identified in Clauses 15.1(a)(2) and 15.1(a)(3) shall receive a shift premium for all hours worked on the shift.

  • Holiday Pay Entitlement To be entitled to receive a paid holiday, an eligible employee must be in payroll status on the normal work day immediately preceding and the normal work day immediately following the holiday(s). Payroll status shall be defined as follows: actually working, on paid vacation, paid sick leave, compensatory time off, or on a paid leave of absence. Any eligible employee who dies on a holiday or holiday weekend shall be entitled to be paid for the holiday(s).

  • Entitlement For the purpose of calculating six days per calendar year, one day shall be considered to be one day regardless of the regularly scheduled workday. Calculation for part-time employees and partial days will be on a prorated basis.

  • Entitlement to payment (i) An Employee shall be entitled to payment by the Employer for Ordinary Time Earnings lost through inclement weather for up to 32 hours in every four weeks. For the purpose of this sub-clause the following conditions shall apply:

  • Payment of Overpayment If at any time the Province provides Funds in excess of the amount to which the Recipient is entitled under the Agreement, the Province may:

  • Maximum Leave Entitlement Leaves taken under Clauses 20.2, 20.3 and 20.11 shall not exceed a total of 70 hours per calendar year, unless additional special leave is approved by the Employer.

  • Overtime Entitlement (a) An employee will be entitled to compensation for authorized overtime in excess of:

  • Payment Calculation District shall pay Contractor at a rate of $ per . OR District shall pay Contractor as described in attached Exhibit A

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