Common use of Pay Off of Account Clause in Contracts

Pay Off of Account. Upon separation, an employee with at least six (6) months of full time service will receive the value of the employee’s accrued annual leave up to a maximum of twice the employee’s annual leaver accrual allowance as outlined in the chart(s) in Section 11.3 of this Article in the employee’s VEBA account in accordance with Article 30.3. The value will equate to the number of hours multiplied by the employee’s straight time base hourly rate at the time of separation.

Pay Off of Account. Upon separation, an employee with at least six (6) months of full time service will receive the value of the employee’s accrued annual leave up to a maximum of twice the employee’s annual leaver accrual allowance as outlined in the chart(s) in Section 11.3 of this Article in the employee’s VEBA account in accordance with Article 30.3. The value will equate to the number of hours multiplied by the employee’s straight time base hourly rate at the time of separation.

Pay Off of Account. Upon separation, an employee with at least six (6) months of full time service will receive the value of the employee’s accrued annual leave up to a maximum of twice the employee’s annual leaver accrual allowance as outlined in the chart(s) in Section 11.3 of this Article in the employee’s VEBA account in accordance with Article 30.3. The value will equate to the number of hours multiplied by at the employee’s straight time base hourly rate at the time of separation.

Pay Off of Account. Upon separation, an employee with at least six (6) months of full time service will receive the value of the employee’s accrued annual leave up to a maximum of twice the employee’s annual leaver accrual allowance as outlined in the chart(s) in Section 11.3 of this Article in the employee’s VEBA account in accordance with Article 30.3. The value will equate to the number of hours multiplied by at the employee’s straight time base hourly rate at the time of separation.