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 22 16.13 Vacation Accounting Procedures 22 16.14 Voluntary Time Off 22 SECTION 17: HOLIDAYS 23 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 24 17.6 Work during a Holiday 24 17.7 Holidays for Part-Time Employees 24 SECTION 18: SICK LEAVE 24 18.1 Eligibility 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
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 SECTION 17: HOLIDAYS 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 SECTION 18: SICK LEAVE 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
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 .................................................................................... SECTION 17: HOLIDAYS 22 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 SECTION 18: SICK LEAVE 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 SECTION 19: FUNERAL LEAVE 33 SECTION 20: MILITARY AND MARITIME LEAVE 33 SECTION 21: PARENTAL LEAVE 34 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

Related to Lump Sum Payment of Vacation

  • Lump Sum Payments If, during the Employment Period, the Company terminates the Executive's employment other than for Cause, or the Executive terminates employment for Good Reason, the Company shall pay to the Executive the following amounts:

  • Lump Sum Payment Upon award of the contract for this improvement, the LA will pay to the STATE, in lump sum, an amount equal to 80% of the LA’s estimated obligation incurred under this Agreement, and will pay to the STATE the remainder of the LA’s obligation (including any nonparticipating costs) in a lump sum, upon completion of the project based upon final costs. Method B - Monthly Payments. Upon award of the contract for this improvement, the LA will pay to the STATE, a specified amount each month for an estimated period of months, or until 80% of the LA’s estimated obligation under the provisions of the Agreement has been paid, and will pay to the STATE the remainder of the LA’s obligation (including any nonparticipating costs) in a lump sum, upon completion of the project based upon final costs.

  • Vacation Benefits During the Term, the Executive shall be eligible for 20 vacation days annually, which shall be accrued and used in accordance with the applicable policies of the Company. During the Term, the Executive shall be eligible to participate in such medical, dental and life insurance, retirement and other plans as the Company may have or establish from time to time on terms and conditions applicable to other senior executives of the Company generally. The foregoing, however, shall not be construed to require the Company to establish any such plans or to prevent the modification or termination of such plans once established.

  • Calculation of Vacation Pay Vacation pay shall be at the rate effective immediately prior to the vacation period. However, should any salary increase become effective during the employee's vacation period, he/she shall receive the benefit of such increase from the effective date.

  • Lump Sum Compensation Lump sum computation refers to the method of payment under this Agreement for the professional services of the Consultant.

  • Vacation Pay on Retirement Termination is as follows:

  • Computation of Vacation Pay Where an employee's vacation pay for the current year is to be computed as a percentage of his "total wages earned" in the previous year, such "total wages earned" shall include the amount of vacation pay the employee received in the previous year.

  • Annual Vacation Pay Vacation pay shall be paid at the regular hourly rate of the Nurse in effect immediately prior to the Nurse taking vacation.

  • 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.

  • Vacation Bonus Employees shall receive one day's base pay (or adjusted earnings) for each year of service beyond twenty-five (25) years, to a maximum of ten (10) days’ pay.

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