Payment for Unused Clause Samples

The 'Payment for Unused' clause establishes the obligation to compensate for goods, services, or resources that were contracted but ultimately not utilized. In practice, this means that even if a party does not use all of the services or products specified in the agreement, they are still required to pay for the full amount as agreed. For example, if a company reserves a certain number of service hours or product units but only uses a portion, payment is still due for the entire reserved amount. This clause ensures that the provider is protected from losses due to underutilization and provides financial predictability by allocating the risk of non-use to the purchasing party.
Payment for Unused. Sick Days shall only be available upon retirement, not available upon non-retirement resignation;
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Payment for Unused. Sick Leave (Revised July 2011, May 2014, May 2015, July 2019) The Board of Education shall pay each teacher upon retirement under KPERS, or teacher’s beneficiaries in the event of the teacher’s death, $70 for each day of accumulated, unused sick leave not to exceed sixty (60) days. The Board of Education shall pay $50 per day for unused sick leave up to 10 days not to exceed $500 to those teachers who have accumulated over 50 days of unused sick leave (after unused personal leave has been added to their sick leave) as of June 30. Examples of payment are as follows: If a teacher on June 30 has 60 days of sick leave remaining, after unused personal leave has been added to the sick leave, this teacher will receive 10 days’ pay or $500 for payment of unused sick leave. This teacher will start the next year with 58 days of sick leave and 4 days of personal leave. If a teacher on June 30 has 53 days of sick leave remaining, after unused personal leave has been added to the sick leave, this teacher will receive 3 days’ pay or $150 for payment of unused sick leave. This teacher will start the next year with 58 days of sick leave and 4 days of personal leave. Payment for unused sick leave will be made on or before July 15.
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Payment for Unused. ‌ Each employee who is separated from the County service shall be entitled to payment in lieu of all unused vacation leave which the employee may have accumulated as of the employee's last day of work and shall be computed on the basis of such employee's base hourly rate at the time of termination.
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Payment for Unused. Leave Accumulated Prior to June 30, 2008
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Payment for Unused. Sick Days - Employees who retire with fifteen (15) or more years of service with the District and are eligible for retirement under the Michigan School Employees Retirement Act will receive $20.00 for each unused sick day. If employee accumulates more than 70 days of unused sick leave and has not missed more than 5 days of sick time in the last 12 months from date of resignation (termination is not allowed payment) then payment of $20 per day will be made. To compensate when the teacher is absent from the classroom, qualifying program assistants will receive a total of $150.00 split into two payments of $75.00 payable for the periods covering Christmas break and Spring break. The substitute teacher assigned during the absence of the teacher who is normally employed to the classroom shall assume all duties of the normally employed teacher as per district policy. In cases where the same qualified substitute teacher is called back to the same classroom after one of the above situations within a four (4) month calendar period from the last assignment, and the qualified substitute teacher assumes all the duties of the normally employed teacher, then the program assistant(s) assigned to that classroom shall not receive any additional pay. As used in the provision above, the normally employed teacher is defined as the certified teacher employed by the district that has a permanent assignment to the classroom.
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Payment for Unused. Sick Leave Benefit (not applicable to LTAs) Any teacher who does not qualify for the combined retirement incentive described above, may receive payment for unused accumulated sick leave at the time of retirement as follows. 1. Any teacher who has accumulated at the time of retirement between 50 days of accumulated sick leave and 149 days of sick leave shall receive $28 for each day. 2. Any teacher who accumulated at the time of retirement between 150 days and 199 days shall receive $40 for each day. 3. Any teacher who accumulated at the time of retirement between 200 days and 220 days shall receive $45 for each day. 4. As an illustration, if a bargaining unit member has 149 days, that person will receive $28 for each day (or 149 x $28 = $4,172). Unit members with accumulations of between 150 days and 200 days shall receive $40 a day (or $40 x 150 = $6,000). Unit members with accumulations of between 200 days and 220 days shall receive $45 a day (or $45 x 200 = $9,000). The parties specifically understand that any unit member who does not have 50 days of accumulated sick leave shall waive any and all rights to the benefits under this provision.
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Payment for Unused. An employee who has had five (5)continuous years’ service with the Employer shall,upon death,permanent disability or upon retirement,be entitled to a gratuity of of the unused portion of his sick leave credits not to exceed ninety (90)working days calculated on his salary as of that date. Effective November for all future pay out purposes under this provision,the value of an employee’sunused sick leave accumulation shall be limited to the unused accumulation as of October multiplied by the rates of pay then in effect less any sick leave used from such accumulation subsequent to October
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Payment for Unused. Sick Days - Employees who retire with fifteen (15) or more years of service with the District and are eligible for retirement under the Michigan School Employees Retirement Act will receive $20.00 for each unused sick day. If employee notifies District by March 1st of retirement at end of school year, an additional $5 per day will be paid for unused sick day(s) if criteria is met. If employee accumulates more than 70 days of unused sick leave and has not missed more than 5 days of sick time in the last 12 months from date of resignation (termination is not allowed payment) then payment of $20 per day will be made. To compensate when the teacher is absent from the classroom, qualifying program assistants will receive a total of $150.00 split into two payments of $75.00 payable for the periods covering Christmas break and Spring break. The substitute teacher assigned during the absence of the teacher who is normally employed to the classroom shall assume all duties of the normally employed teacher as per district policy. In cases where the same qualified substitute teacher is called back to the same classroom after one of the above situations within a four (4) month calendar period from the last assignment, and the qualified substitute teacher assumes all the duties of the normally employed teacher, then the program assistant(s) assigned to that classroom shall not receive any additional pay. As used in the provision above, the normally employed teacher is defined as the certified teacher employed by the district that has a permanent assignment to the classroom.
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Related to Payment for Unused

  • Payment for Overtime 1. Except as provided in 2.C.3., below, overtime shall be compensated at one and one-half (1 1/2) times the regular rate. 2. Except as provided in 2.C.3., below, for all regular, limited-term and probationary employees, overtime may be converted to compensatory time or paid for at the option of the agency/department. Consideration shall be given to effectuating the wishes of employees. The maximum number of CTO hours which may be accrued by any employee is eighty (80). If an employee accrues 80 hours of CTO, he/she cannot accrue additional CTO until he/she uses some of the hours in his/her bank; instead, employees will be paid for all overtime work performed in excess of that amount. 3. Overtime hours worked by extra help employees shall be paid. 4. Compensatory time earned and accrued by an employee in excess of thirty-two (32) hours may be scheduled off for an employee by his or her agency/department; however, consideration shall be given to effectuating the wishes of those employees requesting specific compensatory time off periods. 5. No scheduled compensatory time off will be cancelled except in cases of emergency. 6. In no case may an employee's work schedule be changed during the workweek when the purpose of such change is to avoid overtime compensation. 7. Time worked as overtime shall not be used to earn fringe benefits or to serve out probation or merit increase periods. Compensatory time off may be used as part of the established workweek to earn fringe benefits and to serve out probationary and merit increase periods. 8. An employee separating from the County service shall be paid for accumulated compensatory time in a lump sum payment.

  • Payment for Unused Sick Leave (a) An employee with less than ten (10) years of FIU service who separates from FIU shall not be paid for any unused sick leave. (b) An employee who has completed ten (10) or more years of FIU service, has not been found guilty or has not admitted to being guilty of committing, aiding, or abetting any embezzlement, theft, or bribery in connection with State government, or has not been found guilty by a court of competent jurisdiction of having violated any State law against or prohibiting strikes by public employees, and separates from FIU because of retirement for other than disability reasons, termination, or death, shall be compensated at the employee's current regular hourly rate of pay for one-eighth of all unused sick leave accrued prior to October 1, 1973, plus one- fourth of all unused sick leave accrued on or after October 1, 1973; provided that one-fourth of the unused sick leave since 1973 does not exceed 480 hours. The compensation in this paragraph 8(4)(b) shall not be given to an employee who starts employment at FIU on or after July 1, 2006. (c) Upon layoff, an employee with ten (10) or more years of FIU service shall be paid for unused sick leave as described in paragraph b., above, unless the employee requests in writing that unused sick leave be retained pending re-employment. For an employee who is re-employed by the University within twelve (12) calendar months following layoff, all unused sick leave shall be restored to the employee, provided the employee requests such action in writing and repays the full amount of any lump sum leave payments received at the time of layoff. An employee who is not re- employed within twelve (12) calendar months following layoff shall be paid for sick leave in accordance with this Policy. (d) All payments for unused sick leave shall be made in lump sum and shall not be used in determining the average final compensation of an employee in any State administered retirement system. An employee shall not be carried on the payroll beyond the last official day of employment, except that an employee who is unable to perform duties because of a disability may be continued on the payroll until all sick leave is exhausted. (e) If an employee has received a lump sum payment for accrued sick leave, the employee may elect in writing, upon re-employment within 100 days, to restore the employee's accrued sick leave. Restoration will be effective upon the repayment of the full lump sum leave payment. (f) In the event of the death of an employee, payment for unused sick leave at the time of death shall be made to the employee's beneficiary, estate, or as provided by law.

  • PAYMENT FOR WORK The H-GAC Customer is responsible for making payment to the Contractor upon delivery and acceptance of the goods or completion of the services and submission of the subsequent invoice.

  • Payment for TIPS Sales TIPS Members may make payments for TIPS Sales directly to Vendor, Vendor’s Authorized Reseller, or as otherwise agreed to in the applicable Supplemental Agreement after receipt of the invoice and in compliance with applicable payment statutes. Regardless of how payment is issued or received for a TIPS Sale, Vendor is responsible for all reporting and TIPS Administration Fee payment requirements as stated herein.

  • Payment for leave (a) Payment will be made based on the Employee’s ordinary pay for the ordinary hours the Employee would have worked on the day or days on which the leave was taken. (b) An Employee utilising personal leave may take leave for part of a single day. Leave will be deducted from the Employee’s accrued personal leave including, where relevant, for a part day.