Payment for Unused Vacation Time Sample Clauses

Payment for Unused Vacation Time. Upon a break in service, payment for the unused vacation time credited to a Member for the calendar year in which the break occurs shall be made to such Member, with payment being based upon the Member's regular hourly rate at the time of the break in service. Maximum amount of accrued vacation payable at time of separation shall not exceed two (2) times such Member’s then current potential yearly entitlement.
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Payment for Unused Vacation Time. When an employee terminates, fractional periods of vacation shall be calculated and credited to the employee's account. Compensation will be at the employee's hourly rate.
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Payment for Unused Vacation Time. Upon the death of an employee, pro-rated earned vacation time shall be paid to his/her estate. Upon the retirement of an employee, pro-rated earned vacation time shall be paid to an employee, provided said employee provides the employing Board no less than thirty (30) calendar days written notice of separation.
Sample 1
Payment for Unused Vacation Time. Resignation with fourteen (14) days prior notice by a member in good standing will permit that Member to be paid in a lump sum for any unused vacation time to his credit. A Member discharged for cause shall not be paid nor entitled to payment for any unused vacation time to his credit. In the event a Member dies while in active service, any unused vacation time to his credit shall be paid in a lump sum to that Member's surviving spouse; provided, however, that in the event the Member dies and leaves no surviving spouse, then to the Member's estate.
Sample 1

Related to Payment for Unused Vacation Time

  • Vacation Time After the Trial Period is complete, the Employee is entitled to days off per year of which is required to be mutually benefiting of the Employer and the Employee. It is required for the Employee to give notice before scheduling their vacation in accordance with Company policy. Any unused Vacation Time shall be (check one): ☐ - Converted to cash at the end of the year at a rate of $ per day. ☐ - Eligible to rollover up to days to the next year. ☐ - Forfeited at the end of the year. ☐ - Other: .

  • Unused Vacation ASF Members may accumulate unused vacation to any amount provided that once during each fiscal year each ASF Member's accumulation must be reduced to two hundred and seventy-five (275) hours or less, unless the President determines that the ASF Member is unable to utilize vacation leave because of the requirements of the individual’s assignment or because of physical incapacity. This reduction must be accomplished on or before last day of the fiscal year. If this reduction is not accomplished on or before the last day of the fiscal year, the ASF Member’s accumulation shall automatically be reduced to two hundred and seventy-five (275) hours effective on the last day of the fiscal year, and the amount of accumulation over two hundred and seventy-five (275) hours will transfer to the ASF Member’s bank of lapsed sick leave (See Article 18, section C, Subd.2). Vacation leave accrued during the pay period that includes the last day of a fiscal year, will be credited to each ASF Member’s balance after deductions are made for vacation used and/or reduced pursuant this Subdivision.

  • Vacation Period ‌ The choice of vacation periods shall be granted to employees on the basis of seniority with the Employer except where the period requested would be detrimental to the operation of the Employer.

  • Paid Vacation Except as otherwise provided in this Article, paid vacation shall be granted no longer than the fiscal year immediately following the fiscal year in which it is earned.

  • Weeks Vacation Subject to Article 17.08 and Article 17.01 (a) (ii), employees shall be entitled to take five (5) weeks vacation leave with pay during the first and subsequent complete fiscal years following the date in which they complete fourteen (14) years of service. Such leave shall be earned at the rate of two and one-twelfth (2 1/12) days for each completed calendar month of service.

  • Vacation Days Employee shall be entitled to the same paid vacation days each calendar year during the term of this Employee Agreement as authorized by the Company for its other employees.

  • Annual Vacation Auxiliary employees will be entitled to receive annual vacation at the rate of four percent (4%) of their regular earnings. After one thousand (1,000) days worked, auxiliary employees will be entitled to receive annual vacation at the rate of six percent (6%) of their regular earnings.

  • Earned Vacation Full-time employees, as defined in this article, shall accrue vacation as follows:

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