Pay in lieu Sample Clauses

Pay in lieu. A. Effective for all calendar years beginning on and after January 1, 2019, employees may convert up to 125 hours of annual leave to cash as pay-in-lieu each calendar year, subject to the following rules: 1. If an employee fails to elect by December 31st of the preceding calendar year, to receive any of the annual leave hours they will earn in the following calendar year as pay-in- lieu, their annual leave will accrue in accordance with the applicable Personnel Regulation, Index Code 1-2. 2. If an employee irrevocably elects by December 31st of the preceding calendar year, to receive a portion of the annual leave hours they will earn in the following calendar year, not to exceed 125 hours total for the calendar year, as pay-in-lieu, the Citywill create an account where the employee's designated pay-in-lieu accruals will be credited. This account will be referred to as a "pay-in-lieu bucket" (''PIL Bucket") and will be kept separate from the employee's annual leave accrual account or "annual leave bucket" ("AL Bucket"). The employee's election must designate the amount of their annual leave being earned each pay period which they wish to have credited to the PIL Bucket; this designation may be stated as an even percentage (e.g., 10%, 20%, 30%, 40%, etc.) of the leave earned during each pay period up to 100%. Starting with the first pay period of the calendar year, the PIL Bucket will be credited with the designated amount of the employee's annual leave each pay period until the employee's full election amount is reached, not to exceed 125 hours. Any annual leave being earned in a pay period which is not credited to the employee's PIL Bucket will be credited to the employee's AL Bucket. The balance available in the employee's PIL Bucket, if any, will be specified on their timecard and paystub. In addition, the employee's anniversary date and AL cap will also be displayed on the employee's timecard. 3. An employee must make an irrevocable election by December 31st of the preceding calendar year, if the employee wishes to participate in the pay-in-lieu of annual leave program for the following calendar year. Elections will not carry over from one calendar year to the next calendar year. An employee who fails to elect by December 31st of the preceding calendar year to participate in the pay-in-lieu of annual leave program for the following year will be deemed to have elected not to participate, and they will be prohibited from receiving any pay-in-lieu during t...

Pay in lieu. On serving notice for any reason to terminate this Agreement or at any time thereafter during the currency of the notice the Company shall be entitled to pay the Executive his basic salary at the rate then payable under clause 5 hereof for the unexpired portion of the duration of his appointment or entitlement to notice as may be.

Pay in lieu. With mutual consent of the Employer, an employee who has received notice of lay off may resign and receive equivalent pay in lieu of notice in addition to any severance payment owed to the employee on lay off.

Pay in lieu. On either party serving notice for any reason to terminate the Employment or at any time during the currency of such notice, the Company may elect (but shall not be obliged) to terminate the Employment with immediate effect by notifying the Executive in writing that the Employment is being terminated pursuant to this Clause and undertaking to pay to the Executive a sum equivalent to the Executive’s basic salary and contractual benefits for the unexpired portion of the Executive’s contractual notice entitlement. The Company will pay the salary and contractual benefits due and payable under this sub-clause (subject to deduction of tax and national insurance contributions at source) at the next available pay period after the Termination Date.

Pay in lieu. 16.9.1 An employee who leaves the service during the first full benefit year following the date of employment or in subsequent benefit years shall be paid in lieu of earned but unused vacation leave at the rate of pay applicable to such employee on his termination date.

Pay in lieu. On either party serving notice for any reason to terminate the Employment or at any time during the currency of such notice, the Company may elect (but shall not be obliged) to terminate the Employment with immediate effect by notifying the Executive in writing that the Employment is being terminated pursuant to this clause and undertaking to pay to the Executive a sum equivalent to the Executive’s basic salary for the unexpired portion of the Executive’s contractual notice entitlement. The Company will pay the salary due and payable under this sub-clause (subject to deduction of tax and national insurance contributions at source) within 14 days of the Termination Date.

Pay in lieu. The Company shall be entitled (but not obliged) to pay to the Executive his salary (at the rate then payable under clause 5 hereof) and contractual benefits for the unexpired portion of his entitlement to notice.

Pay in lieu. ‌ Casual employees shall receive 10.2% of straight-time pay in lieu of scheduled vacations and paid holidays.

Pay in lieu. 1. Effective for all calendar years beginning on and after January 1, 2019, employees may convert up to 125 hours of annual leave to cash as pay-in- lieu each calendar year, subject to the following rules: a. If an employee fails to elect by December 31st each year or by the preceding Friday if December 1st falls on a Saturday or Sunday, to receive any of the annual leave hours they will earn in the following calendar year as pay in-lieu, their annual leave will accrue in accordance with the applicable Personnel Regulation, Index Code 1-2. b. If an employee irrevocably elects by December 31st each year or by the preceding Friday if December 31st falls on a Saturday or Sunday, to receive a portion of the annual leave hours they will earn in the c. An employee must make an irrevocable election by December 31st each year or by the preceding Friday if December 31st falls on a Saturday or Sunday, if the employee wishes to participate in the pay-in-lieu of annual leave program for the following calendar year. Elections will not carry over from one calendar year to the next calendar year. An employee who fails to elect by December 31st each year or by the preceding Friday if December 3 1s t falls on a Saturday or Sunday, to participate in the pay-in-lieu of annual leave program for the following year will be deemed to have elected not to participate and they will be prohibited from receiving any pay-in- lieu during that year except as, and only to the extent, permitted under Section 6. d. At least 60 days in advance of this annual December 31 st deadline, the City will provide employees with notice and an explanation regarding the need for an irrevocable election as well as the relevant form for making the election. At the same time, the City will remind employees of the citywide cap maximums and how the pay- in-lieu election affects that cap. e. All pay-in-lieu hours which accumulate in the employee's PIL bucket must be paid out to the employee in the calendar year in which these hours are earned. Pay-outs will be either employee- initiated or City-initiated. An employee may make up to two requests during the calendar year for a payout from his or her PIL Bucket. The timing of either request is entirely up to the employee and payment will occur as designated on the City approved form. However, an employee cannot request the pay-out of any pay-in- lieu hours until those hours have been earned and accrued in his or her PIL bucket. Since no PIL hours may be carried...

Pay in lieu. (a) On service of notice by either party for any reason to terminate the Employment or at any time during the currency of such notice the Company may elect (but shall not be obliged) to terminate the Employment with immediate effect by notifying the Executive in writing that the Employment is being terminated pursuant to this clause and undertaking, subject of sub-clause (b), to pay to the Executive in monthly instalments in accordance with arrangements for habitual payment of salary a sum equivalent to the Executive’s basic salary for the unexpired portion of the duration of his Employment or entitlement to notice as the case may be during this period. The Company will pay the salary due and payable under this sub-clause (subject to deduction of tax and national insurance contributions at source). (b) The Executive undertakes to take all reasonable steps to mitigate his loss where this Agreement is terminated in accordance with Clause 12.5 and undertakes to inform the Company in writing as soon as he receives a formal written offer of alternative employment and to commence that employment as soon as is reasonably practicable. The Executive agrees that no further monies will become due under this sub-clause with effect from the first day of paid alternative employment and shall repay any monies paid in advance which relate to any period of paid alternative employment.