Lump Sum Payment of Vacation Sample Clauses

Lump Sum Payment of Vacation. Upon termination, extended military leave or other extended leave of absence without pay, payment for excess of vacation leave credits shall be made in one lump sum at time of termination, extended military leave, or other extended leave of absence without pay, or as soon thereafter as possible; provided, however, that an employee may elect to use excess vacation leave credits prior to termination, extended military leave, or other extended leave of absence without pay, to the extent permitted by this Section 16 (Vacation), and receive a lump sum payment for the balance of leave credits, if any. An employee, or his or her estate, shall not be paid for vacation leave credits in excess of eight (8) calendar weeks. Notwithstanding the foregoing, accumulated but unearned vacation credit at the time of retirement shall be paid off in a lump sum.
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Lump Sum Payment of Vacation. Any employee shall be permitted to receive cash payment for any accumulated vacation time upon a twenty-eight (28) day notice to payroll in minimum blocks of eight (8) hours or less if the ending balance is zero. (Refer to Article 22 for vacation payout upon termination).
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Lump Sum Payment of Vacation. 22 16.12 Calculation of Vacation Based on Actual Paid Hours 23 16.13 Vacation Accounting Procedures 23 16.14 Voluntary Time Off 23 SECTION 17: HOLIDAYS 23 17.1 Holidays 23 17.2 Floating Holidays 24 17.3 Floating Holiday Accrual upon Employment 24 17.4 Limitations 24 17.5 Holidays for Employees whose Work Week is Other than Monday through Friday 24 17.6 Work during a Holiday 25 17.7 Holidays for Part-Time Employees 25 SECTION 18: SICK LEAVE 25 18.1 Eligibility 25 18.2 Sick Leave Accrual 25 18.3 Pro-rated Sick Leave for Part-Time Employees 26 18.4 Sick Leave for Intermittent Employees 26 18.5 Maximum Accumulation 26 18.6 Payment upon Retirement/Termination 26
Sample 1
Lump Sum Payment of Vacation. 22 16.12 Calculation of Vacation Based on Actual Paid Hours 22 16.13 Vacation Accounting Procedures 22 16.14 Voluntary Time Off .................................................................................... 17.1 Holidays 22 17.2 Floating Holidays 23 17.3 Floating Holiday Accrual Upon Employment: 23 17.4 Limitations 23 17.5 Holidays for Employees whose Work Week is Other than Monday through Friday 23 17.6 Work During a Holiday 23 17.7 Holidays for Part-Time Employees 24 18.1 Eligibility 24 18.1.1 Health Examination 24 18.1.2 Filing of Report and Physical Defect 24 18.1.3 Religious Exemption 25 18.2 Sick Leave Accrual 25 18.3 Pro-rated Sick Leave for Part-Time Employees 25 18.4 Sick Leave for Intermittent Employees 25 18.5 Maximum Accumulation 25 18.6 Payment Upon Retirement/ Termination 26 18.7 Payment After 28 Years of Service 26 18.8 Sick Leave Payout to 401(a) Plan 26 18.9 Annual Payment for Hours in Excess of Maximum for Employees Working Halftime or More 27 18.10 Restoration of Sick Leave if Reemployed within Two Years 27 18.11 Sick Leave Use / Family Illness 27 18.12 Prohibition for Use with Outside Employment 27 18.13 Notification Requirement 28 18.14 Cessation of Accrual 28 18.15 Worker’s Compensation 28 18.15.1 Worker’s Compensation Payments 28 18.15.2 Workers’ Compensation Leave and Salary Continuation 29 18.15.3 Calculation 29 18.15.4 Workers’ Compensation Related Absence of Less Than Four (4) Hours 29 18.15.5 Workers’ Compensation Related Absence of Four (4) Hours or More 29 18.15.6 Calculation Based on Actual Paid Hours 29 18.16 Light Duty 30 18.16.1 Modified Duty Accommodation 30 18.16.2 Modified Duty Accommodation for Non-Industrial Disabilities 30 18.16.3 Modified Duty for Pregnancy-Related Disability 30 18.16.4 Light Duty Assignments 31 18.17 Control Program for Sick Leave Use 31 18.18 Bonus Time for Unused Sick Leave 31 18.19 State Disability Insurance 31 18.19.1 State Disability Insurance Integration 31 21.1 Eligibility 34 21.1.1 Commencement of Parental Leave 34 21.1.2 Notice Requirement 34 21.1.3 Use of Sick Leave 34 21.1.4 Verification Requirement. 34 21.1.5 Life and Health Insurance Coverage Upon Exhaustion of Leave 34
Sample 1
Lump Sum Payment of Vacation. 22 16.12 Calculation of Vacation Based on Actual Paid Hours 22 16.13 Vacation Accounting Procedures 22 16.14 Voluntary Time Off 22 17.1 Holidays 23 17.2 Floating Holidays 23 17.3 Floating Holiday Accrual Upon Employment: 23 17.4 Limitations 23 17.5 Holidays for Employees whose Work Week is Other than Monday through Friday 23 17.6 Work During a Holiday 23 17.7 Holidays for Part-Time Employees 24 18.1 Eligibility 24 18.1.1 Health Examination 24 18.1.2 Filing of Report and Physical Defect 24 18.1.3 Religious Exemption 24 18.2 Sick Leave Accrual 25 18.3 Pro-rated Sick Leave for Part-Time Employees 25 18.4 Sick Leave for Intermittent Employees 25 18.5 Maximum Accumulation 25 18.6 Payment Upon Retirement/ Termination 25 18.6.1 Employees Hired on or Before June 30, 2013: 25 18.6.2 Payment After 28 Years of Service for Employees Hired on or Before June 30, 2013: 26 18.6.3 Sick Leave Payout to 401(a) Plan for Employees Hired on or Before June 30, 2013: 26
Sample 1

Related to Lump Sum Payment of Vacation

  • Lump Sum Payments The retiring allowance shall be paid in annual instalments, to a maximum of three

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  • Lump Sum Severance Payment Payment of a lump sum amount equal to twelve (12) months of Executive’s then-current Base Salary plus the Pro Rated Bonus, less all customary and required taxes and employment-related deductions, paid on the first payroll date following the date on which the Release required by Paragraph 4(g) becomes effective and non-revocable, but not after seventy (70) days following the effective date of termination from employment.

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • Pre-Retirement Death Benefit (a) Normal form of payment. If (i) the Director dies while employed by the Bank, and (ii) the Director has not made a Timely Election to receive a lump sum benefit, this Subsection 4.1(a) shall be controlling with respect to pre-retirement death benefits. The balance of the Director=s Retirement Income Trust Fund, measured as of the later of (i) the Director=s death, or (ii) the date any final lump sum Contribution is made pursuant to Subsection 2.1(b), shall be annuitized (using the Interest Factor) into monthly installments and shall be payable for the Payout Period. Such benefits shall commence within thirty (30) days of the date the Administrator receives notice of the Director=s death. Should Retirement Income Trust Fund assets actually earn a rate of return, following the date such balance is annuitized, which is less than the rate of return used to annuitize the Retirement Income Trust Fund, no additional contributions to the Retirement Income Trust Fund shall be required by the Bank in order to fund the final benefit payment(s) and make up for any shortage attributable to the less-than-expected rate of return. Should Retirement Income Trust Fund assets actually earn a rate of return, following the date such balance is annuitized, which is greater than the rate of return used to annuitize the Retirement Income Trust Fund, the final benefit payment to the Director=s Beneficiary shall distribute the excess amounts attributable to the greater-than-expected rate of return. The Director=s Beneficiary may request to receive the unpaid balance of the Director=s Retirement Income Trust Fund in a lump sum payment. If a lump sum payment is requested by the Beneficiary, payment of the balance of the Retirement Income Trust Fund in such lump sum form shall be made only if the Director=s Beneficiary notifies both the Administrator and trustee in writing of such election within ninety (90) days of the Director=s death. Such lump sum payment shall be made within thirty (30) days of such notice. The Director=s Accrued Benefit Account (if applicable), measured as of the later of (i) the Director's death or (ii) the date any final lump sum Phantom Contribution is recorded in the Accrued Benefit Account pursuant to Subsection 2.1(c), shall be annuitized (using the Interest Factor) into monthly installments and shall be payable to the Director's Beneficiary for the Payout Period. Such benefit payments shall commence within thirty (30) days of the date the Administrator receives notice of the Director=s death, or if later, within thirty (30) days after any final lump sum Phantom Contribution is recorded in the Accrued Benefit Account in accordance with Subsection 2.1(c).

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  • Accumulation of Vacation Leave For each month of a fiscal year in which an employee receives ten (10) days pay, he shall earn vacation leave at the following rates:

  • Severance Pay Notwithstanding the provisions of Article 62 (Severance Pay) of this Agreement, where the period of continuous employment in respect of which severance benefit is to be paid consists of both full and part-time employment or varying levels of part-time employment, the benefit shall be calculated as follows: the period of continuous employment eligible for severance pay shall be established and the part-time portions shall be consolidated to equivalent full-time. The equivalent full-time period in years shall be multiplied by the full-time weekly pay rate for the appropriate group and level to produce the severance pay benefit.

  • Retirement Benefits Due to either investment or employment during the marriage, either the Husband or Wife: (check one)

  • Supplemental Retirement Benefits The terms and conditions for the payment of supplemental retirement benefits are set forth in a separate written agreement between the parties.

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