Forfeiture of Pay Sample Clauses

Forfeiture of Pay. 1. An employee who is legitimately absent from work and who does not have the necessary sick leave accumulated, shall lose all pay and allowances for the period of absence in the same proportion as listed in Section 23.01, Paragraph 3.
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Forfeiture of Pay. (The following clause is applicable to full-time employees only) An employee who is absent on a holiday after being posted to work forfeits all pay for the day unless the employee presents to the proof of illness or non-occupational accident rendering the employee unable to perform their regular duties.
Forfeiture of Pay. Any employee scheduled to work on a holiday and who does not report for work shall forfeit the benefit of Article 12 unless the absence is due to illness or accident verified by a Medical Doctor’s Certificate, in which case, the employee shall receive the employee’s normal lieu hours paid in accordance with Article 12.04.

Related to Forfeiture of Pay

  • Forfeiture Unless otherwise specified in the Vesting Agreement, upon the occurrence of any event specified in a Vesting Agreement as resulting in either the right of the Partnership or the General Partner to repurchase LTIP Units at a specified purchase price or some other forfeiture of any LTIP Units, then if the Partnership or the General Partner exercises such right to repurchase or forfeiture in accordance with the applicable Vesting Agreement, the relevant LTIP Units shall immediately, and without any further action, be treated as cancelled and no longer outstanding for any purpose. Unless otherwise specified in the Vesting Agreement, no consideration or other payment shall be due with respect to any LTIP Units that have been forfeited, other than any distributions declared with respect to a Partnership Record Date prior to the effective date of the forfeiture. In connection with any repurchase or forfeiture of LTIP Units, the balance of the portion of the Capital Account of the LTIP Unitholder that is attributable to all of his or her LTIP Units shall be reduced by the amount, if any, by which it exceeds the target balance contemplated by Section 5.01(g) hereof, calculated with respect to the LTIP Unitholder’s remaining LTIP Units, if any.

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