Entitlement on Termination Clause Samples
The 'Entitlement on Termination' clause defines what rights, payments, or benefits a party is entitled to receive when a contract is ended before its natural expiration. Typically, this clause outlines the specific compensation, outstanding obligations, or accrued rights that must be settled upon termination, such as payment for work completed or reimbursement of expenses incurred up to the termination date. Its core function is to ensure both parties understand their financial and legal positions at the end of the contract, thereby reducing disputes and providing clarity on post-termination entitlements.
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Entitlement on Termination. If the employee terminates after having accumulated 20 weeks' service in the calendar year, the Company will make a cash payment in lieu of any unused floating holiday credit. If the employee terminates prior to accumulating 20 weeks' service in the calendar year, entitlement will be as follows:
(a) If the employee has not qualified for entitlement in the previous year, he/she will have no entitlement in the current year. If he/she was granted a floating holiday under 5. above, the Company will recover one day's pay for each floating holiday taken.
(b) If the employee has qualified for entitlement in the previous year, his/her entitlement will be prorated based on the number of weeks' accumulated service in the year of termination. For example, an employee who terminates after accumulating five weeks' service in the year would be entitled to 5/20ths of three days. The Company will either make a cash payment in lieu of any unused floating holiday credit or recover the value of the unearned portion of floating holidays taken under 5. above. In no case will an employee be entitled to more than three floating holidays or floating holiday credit in a calendar year.
Entitlement on Termination. If the employee terminates after having accumulated weeks' service in the calendar year, the Company will make a cash payment in lieu of any unused floating holiday credit. If the employee terminates prior to accumulating weeks' service in the year, entitlement will be as follows:
Entitlement on Termination. If the employee terminates after having accumulated 20 weeks' service in the calendar year, the Company will make a cash payment in lieu of any unused floating holiday credit. If the employee terminates prior to accumulating 20 weeks' service in the calendar year, entitlement will be as follows:
(a) If the employee has not qualified for entitlement in the previous year, he/she will have no entitlement in the current year. If he/she was granted a floating holiday under 5. above, the Company will recover one day's pay for each floating holiday taken.
(b) If the employee has qualified for entitlement in the previous year, his/her entitlement will be prorated based on the number of weeks' accumulated service in the year of
Entitlement on Termination. If the employee terminates after having accumulated 20 weeks' service in the calendar year, the Company will make a cash payment in lieu of any unused floating holiday credit.
(i) If the employee has not qualified for entitlement in the previous year, he/she will have no entitlement in the current year. If he/she was granted a floating holiday under (d) above, the Company will recover one (1) day's pay for each floating holiday taken.
(ii) If the employee has qualified for entitlement in the previous year, his/her entitlement will be prorated based on the number of weeks' accumulated service in the year of termination. For example, an employee who terminates after accumulating five (5) weeks' service in the year would be entitled to 5/20ths of three days.
Entitlement on Termination. When an employee terminates employment, he/she shall not be entitled to a payout resulting from earned and unused sick leave.
Entitlement on Termination. 44.2.1 An Employee whose Employment terminates after seven (7) years or more of continuous service shall, on termination, be paid an amount equivalent to the sum payable had they taken all accrued long service leave from the date of termination.
44.2.2 The Employee may elect to forgo payment and retain their accrued long service leave in the event that they commence a new period of employment with a respondent employer by the commencement of the second school year after termination. Where the Employee does not commence a new period of employment within that time, the payment must be made.
44.2.3 For the purposes of Long Service Leave, any period of up to one school year between period of employment does not count as service, but does not break continuity of service.
Entitlement on Termination. Employees who leave the service of the Employer before the end of the year will have their vacation entitlement calculated on a prorated basis. In those cases where an employee has taken their full vacation entitlement before the end of the year, an appropriate deduction shall be made on termination of employment.
Entitlement on Termination. An employee terminating their employment at any time shall be entitled to any earned but unused vacation.
Entitlement on Termination. If the employee terminates after having accumulated twenty (20) weeks' service in the calendar year, the Employer will make a cash payment in lieu of any unused floating holiday credit. If the employee terminates prior to accumulating twenty (20) weeks' service in the calendar year, entitlement will be as follows:
(a) If the employee has not qualified for entitlement in the previous year, he/she will have no entitlement in the current year. If he/she was granted a floating holiday under 5. above, the Employer will recover one (1) day's pay for each floating holiday taken.
(b) If the employee has qualified for entitlement in the previous year, his/her entitlement will be pro-rated based on the number of weeks' accumulated service in the year of termination. For example, an employee who terminates after accumulating five (5) weeks' service in the year would be entitled to 5/20ths of three (3) days. In no case will an employee be entitled to more than three (3) floating holidays or floating holiday credit in a calendar year.
Entitlement on Termination. Any employee whose employment has terminated shall receive full vacation entitlement earned the previous year, less any such vacation previously taken, and whatever appropriate vacation entitlement earned during his/her final year of employment.