Common use of Pay-Off Upon Termination Clause in Contracts

Pay-Off Upon Termination. Except for employees serving their initial probationary period, or as otherwise provided for in this Agreement, accumulated PTO up to the accumulation limit of five hundred (500) hours shall be paid out at the time of termination. Said hours shall be compensated at the employee’s straight time base rate of pay.

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

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Pay-Off Upon Termination. FINAL DRAFT Except for employees serving their initial probationary period, or as otherwise provided for in this Agreement, accumulated PTO up to the accumulation limit of five hundred (500) hours shall be paid out at the time of termination. Said hours shall be compensated at the employee’s straight time base rate of pay.

Appears in 1 contract

Samples: Collective Bargaining Agreement

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Pay-Off Upon Termination. Except for employees serving their initial probationary period, or as otherwise provided for in this Agreement, accumulated PTO up to the accumulation limit of five hundred (500) 500 hours shall be paid out at the time of termination. Said hours shall be compensated at the employee’s straight time base rate of pay.

Appears in 1 contract

Samples: Collective Bargaining Agreement

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