Common use of Late payment on termination Clause in Contracts

Late payment on termination. (a) When notice of termination of employment has been given by an Employee or an Employee’s services have been terminated by an Employer, payment of all wages and other monies owing to an Employee will be made to the Employee. The Employee must provide all information requested by the Employer in relation to salary packaging arrangements as soon as practicable. (b) If an Employee is kept waiting for more than 24 hours such Employee will be paid overtime rates for the duration of the period until such monies owing are paid, with a minimum payment of two (2) hours and a maximum payment of seven (7) hours and 36 minutes per day. This penalty does not apply when the delay is the result of the Employee not providing information requested by the Employer in relation to salary packaging arrangements or the Employer is completing salary packaging arrangements.