Common use of Payment at Termination Clause in Contracts

Payment at Termination. 35.1 Employees who terminate from employment with the Employer, and provided the required two-week notice, shall receive compensation for the following: a. All vacation earned in the current year and unused vacation carried over from the previous year. In the event of death, such compensation shall be paid to the Employee's spouse or in the absence of, to the Employee's estate. b. Earned or accrued holiday pay for which the Employee had not already been compensation. In event of death, such compensation shall be paid to the employee's spouse or in the absence of, to the employee's estate. c. An Employee who retires may purchase the duty weapon, holster, ammunition pouch, and badge he was issued for a cost of one ($1.00) dollar. "Retires" as used in this Article is to be interpreted to mean (1) service retirement (20 years minimum recognized by the retirement system) or (2) disability retirement (after 15 years minimum recognized by the retirement system).

Payment at Termination. 35.1 34.1 Employees who terminate from employment with the Employer, and provided the required two-week notice, shall receive compensation for the following: a. All vacation earned in the current year and unused vacation carried over from the previous year. In the event of death, such compensation shall be paid to the Employee's spouse or in the absence of, to the Employee's estate. b. Earned or accrued holiday pay for which the Employee had not already been compensation. In event of death, such compensation shall be paid to the employeeEmployee's spouse or in the absence of, to the employee's estate. c. An Employee who retires may purchase the duty weapon, holster, ammunition pouch, and badge he was issued for a cost of one ($1.00) dollar. "Retires" as used in this Article is to be interpreted to mean (1) service retirement (20 years minimum recognized by the retirement system) or (2) disability retirement (after 15 years minimum recognized by the retirement system).