ONGOING PAYOUT OPTION Sample Clauses

ONGOING PAYOUT OPTION. If the employee does not make a decision concerning his/her entire Free-Choice Account in connection with his/her free choice before 1 June, cf. above, the com- pany may pay the remaining contribution on an ongoing basis together with the employee's wages. It is a condition for payment that the company can document that the employee has been encouraged to make a choice. The parties to the collective agreement encourage companies to take the initia- tive to inform employees about the options with the Free-Choice Account, and the parties to the collective agreement shall prepare information material to support this practice. The company may enter into a local agreement with the local trade union rep- resentative that up to the full contribution to the free-choice account shall be paid on an ongoing basis together with the wages, cf. Section 2(12), paragraph 2 ("CONTRIBUTIONS"). If there is no local trade union representative, the local agreement must be entered into with the local HK branch. For groups and chains, agreements can only be made with HK HANDEL. Thx xxxxxxx cannot make it a condition for individual employment terms that ongoing payment must be made.
Sample 1
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ONGOING PAYOUT OPTION. If the employee does not make a decision concerning his/her entire Free- Choice Account in connection with his/her free choice before 1 June, cf. above, the company may pay the remaining contribution on an ongoing basis together with the employee's wages. It is a condition for payment that the company can document that the employee has been encouraged to make a choice. The parties to the collective agreement encourage companies to take the initiative to inform employees about the options with the Free-Choice Ac- count, and the parties to the collective agreement shall prepare information material to support this practice. The company may enter into a local agreement with the local trade union representative that up to the full contribution to the Free-Choice Account shall be paid on an ongoing basis together with the wages, cf. Section 4(2)(B) ("CONTRIBUTIONS"). If there is no local trade union representative, the local agreement must be entered into with the local HK branch. For groups and companies with multiple locations, an agreement can only be entered into with HK Privat - HK HANDEL. Thx xxxxxxx cannot make it a condition for individual employment terms that ongoing payment must be made.
Sample 1
ONGOING PAYOUT OPTION. If the employee does not have the entire free-choice account at their disposal in connection with their free choice before 1 June (in 2020: 1 April), cf. the above, the enterprise may pay the remaining contribution as an ongoing payment together with the employee’s wages. It is a condition for the payout that the enterprise is able to document that the employee has been asked to make a choice. The parties to the collective agreement encourage the enterprises to take steps to inform the employees about the possibilities of the free-choice account, and the parties to the collective agreement will prepare information material to support this practice. The enterprise may enter into a local agreement with the local trade union representative about ongoing payment together with the pay of up to the entire contribution to the free-choice account, cf. section 4(2), point B (”CONTRIBUTIONS”). If there is no local trade union representative, the local agreement is concluded with the local HK branch. For groups and enterprises with several locations, an agreement can only be concluded with HK Privat – XX XXXXXX. The enterprise cannot set down separate terms and conditions of employment for ongoing payout.
Sample 1

Related to ONGOING PAYOUT OPTION

  • Performance Pay In accordance with Section 8 of the General Appropriations Act for Fiscal Year 2020-2021, contingent upon the availability of funds and at the Agency Head’s discretion, each agency is authorized to grant merit pay increases based on the employee’s exemplary performance, as evidenced by a performance evaluation conducted pursuant to Rule 60L-35, Florida Administrative Code.

  • Incentive Payment 11.3.1 An employer may offer and an employee may accept an early retirement incentive based on the age at retirement to be paid in the following amounts Age at Retirement % of Annual Salary at Time of Retirement 55 to 59 100% 60 80% 61 60% 62 40% 63 20% 64 0%

  • Final Compensation Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS prior to January 15, 2011, is based on the highest average monthly pay rate during twelve (12) consecutive months of employment. Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS on or after January 15, 2011, is based on the highest average monthly pay rate during thirty-six (36) consecutive months of employment.

  • Performance Bonus If Employee's employment is terminated by Employee with cause, or by Bank without cause, Employee shall be paid, in addition to the amounts payable under Sections 3.5 and 3.6 of the Agreement: (i) all non-forfeitable deferred compensation, if any; and (ii) unpaid performance bonus payments, if any, payable under Section 4.2 of the Agreement, which shall be declared earned and payable based upon performance up to, and shall be pro-rated as of, the date of termination. Employee shall not be entitled to such unpaid performance bonus payments if Employee's employment is terminated by Bank with cause, or by Employee without cause.

  • TERMINATION ALLOWANCE In the event of closure of all or part of the Employer’s retail store, which results in the permanent lay-off of any employees, the employer agrees to pay each employee so affected, in accordance with Company policy, the following: • Less than one (1) completed year of service: according to Employment Standards (if any). • A year or more but less than five (5) completed years of service: one (1) week’s pay for each completed year of service. • More than five (5) completed years of service: five (5) weeks for the first five (5) years of service plus one and a half (1.5) weeks per completed year of service for each subsequent year up to a maximum of thirty (30) weeks in total.

  • Incentive Pay (1) For any calendar year: in which twenty-five percent (25%) of the number of members employed as of January 1 of each year are rated as either Level II or Level III in every phase of the PFT then

  • Performance Incentive 4.9.1 If the Seller delivers Coal to the Purchaser in excess of ninety percent (90%) of the ACQ in a particular Year, the Purchaser shall pay the Seller an incentive (“Performance Incentive”/ “PI”), to be determined as follows: PI = P x Additional Deliveries x Multiplier Where: PI = The Performance Incentive payable by the Purchaser to the Seller P = The Base Price of Highest Grade, as shown in Schedule II Additional Deliveries = Quantity [in tonnes] of Coal delivered by the Seller in the relevant Year in excess of 90% of the ACQ. Multiplier shall be 0.15 for Additional Deliveries between 90%-95% of ACQ and 0.30 for Additional Deliveries in excess of 95% of ACQ.

  • Public Benefit It is Bumsei’s understanding that the commitments it has agreed to herein, and actions to be taken by Bumsei under this Settlement Agreement, would confer a significant benefit to the general public, as set forth in Code of Civil Procedure § 1021.5 and Cal. Admin. Code tit. 11, § 3201. As such, it is the intent of Bumsei that to the extent any other private party initiates an action alleging a violation of Proposition 65 with respect to Bumsei failure to provide a warning concerning exposure to DEHP prior to use of the Products it has manufactured, distributed, sold, or offered for sale in California, or will manufacture, distribute, sell, or offer for sale in California, such private party action would not confer a significant benefit on the general public as to those Products addressed in this Settlement Agreement, provided that Bumsei is in material compliance with this Settlement Agreement.

  • Vacation Payout Where an employee requests in writing to have a specific number of vacation days paid out, and the Employer agrees to the request, the Employer will issue pay in lieu of vacation. Pay in lieu of vacation, if agreed, will be granted only after a minimum of 15 days' vacation time has already been taken in the year.

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