Common use of Legally Required Final Compensation Clause in Contracts

Legally Required Final Compensation. Upon retirement, the Employer shall pay to each eligible officer or his/her estate if necessary any compensation owed to such officer in the form of wages earned, unused compensatory time granted pursuant to the federal Fair Labor Standards Act (“FLSA”), unused elective time provided by the Agreement (e.g., furlough days, Baby Furlough Days and personal days) and any other final compensation that may be legally owed to such officer. Any wage increases that are implemented during the term of the Agreement and that are effective prior to the officer’s date of retirement shall be applied retroactively to his/her legally required final compensation paid pursuant to this subsection.

Legally Required Final Compensation. Upon retirement, the Employer shall pay to each eligible officer or his/her estate if necessary any compensation owed to such officer in the form of wages earned, unused compensatory time granted pursuant to the federal Fair Labor Standards Act (“"FLSA”"), unused elective time provided by the Agreement (e.g., furlough days, Baby Furlough Days and personal days) and any other final compensation that may be legally owed to such officer. Any wage increases that are implemented during the term of the Agreement and that are effective prior to the officer’s 's date of retirement shall be applied retroactively to his/her legally required final compensation paid pursuant to this subsection.