Obligation of Employment Sample Clauses

Obligation of Employment. 1. To receive reimbursement for a course and textbooks, the recipient shall agree to remain a full-time employee of the City for a period of thirty-six months (1,095 calendar days). Employment credit shall commence on the first day of the month after the completion of the course. If for any reason, other than lay off, the employee faito complete the thirty-six month obligation, all reimbursement expenses shall be repaid on a pro-rated basis the employee. Such repayment shall be deducted from the employee's final pay. If the employee's final pay does not cover the financial obligation, the City may make an effort to recover the unpaid amount. 2. Upon termination of employment, the employee shall be required to pay the remainder of the unexpired reimbursement obligation in full or by agreement as may be approved by the Safety/Service Director. The Safety/Service Director shall have the right to waive the reimbursement obligation for employee(s) retiring as a result of a work related disability.
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Obligation of Employment. Upon return from sabbatical leave, a teacher shall be obligated to remain in the employ of the Northfield Board of Education for a period of no less than two (2) full school years. If the teacher does not remain in the full-time employ of the Board for two (2) full school years, he/she shall reimburse the Board an amount equal to the salary actually paid to such person during the sabbatical leave. Such reimbursement may be extended over three years, one-third of the total amount due to be paid each year. It is the express intention of the Board that the provisions of this Paragraph be considered an integral part of the conditions under which it approved sabbatical leave. Any employee of the Board who goes on sabbatical leave is deemed to have accepted and agreed to the provisions of this Paragraph.
Sample 1
Obligation of Employment. To receive reimbursement for a course and textbooks, the recipient shall agree to remain a full-time employee of the City for a period of thirty-six months (1,095 calendar days). Employment credit shall commence on the first day of the month after the completion of the course. If for any reason, other than lay off, the employee fails to complete the thirty-six month obligation, all reimbursement expenses shall be repaid on a pro-rated basis by the employee. Such repayment shall be deducted from the employee’s final pay. If the employee’s final pay does not cover the financial obligation, the City may make an effort to recover the unpaid amount.
Sample 1

Related to Obligation of Employment

  • Termination of Employment Executive's employment hereunder may be terminated under the following circumstances:

  • Cessation of Employment In the event Executive shall cease to be employed by the Company for any reason, then Executive's compensation and benefits shall cease on the date of such event, except as otherwise provided herein or in any applicable employee benefit plan or program.

  • Other Termination of Employment In the event of your voluntary termination (other than a Retirement subject to Section 2(c) or a Qualifying Termination subject to Section 2(f)), or termination by the Company or a subsidiary of the Company for misconduct or other conduct deemed by the Company to be detrimental to the interests of the Company or a subsidiary of the Company, you shall forfeit all unvested RSUs on the date of termination.

  • Termination of Employment Severance Your immediate supervisor or the Company's Board of Directors may terminate your employment, with or without cause, at any time by giving you written notice of your termination, such termination of employment to be effective on the date specified in the notice. You also may terminate your employment with the Company at any time. The effective date of termination (the "Effective Date") shall be the last day of your employment with the Company, as specified in a notice by you, or if you are terminated by the Company, the date that is specified by the Company in its notice to you. The following subsections set forth your rights to severance in the event of the termination of your employment in certain circumstances by either the Company or you. Section 5 also sets forth certain restrictions on your activities if your employment with the Company is terminated, whether by the Company or you. That section shall survive any termination of this Agreement or your employment with the Company.

  • Condition of Employment The Employee acknowledges that his/her employment and the continuance of that employment with the Company is contingent upon his/her agreement to sign and adhere to the provisions of this Agreement. The Employee further acknowledges that the nature of the Company’s business is such that protection of its proprietary and confidential information is critical to its survival and success.

  • Involuntary Termination of Employment If the Executive does not exercise his withdrawal rights pursuant to Subsection 2.2, and the Executive's employment with the Bank is involuntarily terminated for any reason, including a termination due to disability of the Executive but excluding termination for Cause, or termination following a Change in Control within thirty-six (36) months of such Change in Control, within thirty (30) days of such involuntary termination of employment, the Bank shall be required to make an immediate lump sum Contribution to the Executive's Retirement Income Trust Fund in an amount equal to: (i) the full Contribution required for the Plan Year in which such involuntary termination occurs, if not yet made, plus (ii) the present value (computed using a discount rate equal to the Interest Factor) of all remaining Contributions to the Retirement Income Trust Fund; provided however, that, if necessary, an additional amount shall be contributed to the Retirement Income Trust Fund which is sufficient to provide the Executive with after tax benefits (assuming a constant tax rate equal to the rate in effect as of the date of the Executive's termination) beginning at his Benefit Age, equal in amount to that benefit which would have been payable to the Executive if no secular trust had been implemented and the benefit obligation had been accrued under APB Opinion No. 12, as amended by FAS 106.

  • Voluntary Termination of Employment If during the Employment Term, Executive terminates his employment under circumstances other than those specified elsewhere in this Section 8, Executive shall be entitled to the payments and benefits specified in Section 8(a).

  • Termination of Employment and Severance Benefits The Executive’s employment hereunder shall terminate under the following circumstances:

  • Location of Employment The Executive's principal place of business shall continue to be at the Company's headquarters to be located within thirty (30) miles of Doylestown, Pennsylvania; provided, that the Executive acknowledges and agrees that the performance by the Executive of his duties shall require frequent travel including, without limitation, overseas travel from time to time.

  • Separation of Employment (a) If an employee is discharged he shall be paid in full for all monies owing him on the date of his discharge. If an employee quits the Employer may withhold payment for five (5) calendar days. (b) The Employer shall give a Record of Employment Certificate to any employee who separates from employment for at least seven (7) days for any reason within five (5) days of the last day worked, or terminates.

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