Payment of Vacation Leave Sample Clauses

Payment of Vacation Leave. Upon termination of employment, employees will be paid for unused vacation leave for which they are eligible. For purposes of this Article, termination of employment includes death of a covered employee. By December 1st each year, a full-time legislative employee that is not terminating employment may submit a request to the Executive Director to be paid for a portion of that employee’s accrued vacation balance up to 50% of that employee’s vacation accrual limit. If approved by the Executive Director and subject to available resources, the payment for the accrued vacation hours under this provision will be at one-half the employee’s current hourly rate of pay for each hour of accrued vacation requested and approved for payment and paid in December. No request for payment for accrued vacation will be approved that would reduce the employee’s accrued vacation balance below 50% of that employee’s vacation accrual limit. Payments authorized pursuant to this provision will be paid as lump sum payments and are not included as earnable compensation for retirement purposes. Part-time year-round employees may also request to be paid for a portion of that employee’s accrued vacation leave with the maximum amount to be paid being proportional to the amount of time they are regularly scheduled to work. Upon the start of session leave, session only employees will be paid their vacation balance, except that, prior to the first day of session leave, a Legislative Council session only employee may request to carry over up to forty (40) hours of vacation leave. No other payments for vacation leave may be authorized except as authorized above or by a vote of the Legislative Council.
AutoNDA by SimpleDocs
Payment of Vacation Leave. Xx. Xxxxxxxx shall receive payment for accrued and unused vacation time (180 hours) in a final paycheck which will be issued and sent on the next regular payday after the execution of this Agreement. E-OIR shall deduct from all amounts payable under this Agreement, including amounts payable under benefit plans, all federal, state, local and other taxes required by law to be withheld with respect to such payments.
Payment of Vacation Leave. Upon termination of employment, unless specifically provided otherwise in this Agreement, employees will be paid for unused vacation leave for which they are eligible. By December 1st each year, a full-time legislative employee that is not terminating employment may submit a request to the Executive Director to be paid for a portion of that employee’s accrued vacation balance up to 50% of that employee’s vacation accrual limit. If approved by the Executive Director and subject to available resources, the payment for the accrued vacation hours under this provision will be at one-half the employee’s current hourly rate of pay for each hour of accrued vacation requested and approved for payment and paid in December. No request for payment for accrued vacation will be approved that would reduce the employee’s accrued vacation balance below 50% of that employee’s vacation accrual limit. Payments authorized pursuant to this provision will be paid as lump sum payments and are not included as earnable compensation for retirement purposes. Part-time year-round employees may also request to be paid for a portion of that employee’s accrued vacation leave with the maximum amount to be paid being proportional to the amount of time they are regularly scheduled to work. No other payments for vacation leave may be authorized except as authorized above or by a vote of the Legislative Council.
Payment of Vacation Leave. An employee is entitled to compensation, at his current rate of pay, for the prior year’s carryover of earned by unused vacation leave, in addition to the prorated portion of any earned but unused vacation leave for the current year to his credit at time of separation.

Related to Payment of Vacation Leave

  • Vacation; Leave A part-time employee shall earn vacation leave credits for each month in which the employee receives pay for at least twice the number of hours in the employee’s normal workweek, at the rate for years of service established in clause 34.02 of this Agreement, prorated and calculated as follows:

  • Vacation Pay (d) Paid Union leaves. All other payments, premiums, allowances etc. are excluded.

  • Vacation; Benefits During the Term, the Executive shall be eligible for 20 vacation days annually, which shall be accrued and used in accordance with the applicable policies of the Company. During the Term, the Executive shall be eligible to participate in such medical, dental and life insurance, retirement and other plans as the Company may have or establish from time to time on terms and conditions applicable to other senior executives of the Company generally. The foregoing, however, shall not be construed to require the Company to establish any such plans or to prevent the modification or termination of such plans once established.

  • 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.

  • Vacation and Sick Leave At such reasonable times as the Board of Directors shall in its discretion permit, the Employee shall be entitled, without loss of pay, to absent himself voluntarily from the performance of his employment under this Agreement, with all such voluntary absences to count as vacation time; provided that:

  • Vacation During the Employment Period, the Executive shall be entitled to paid vacation in accordance with the most favorable plans, policies, programs and practices of the Company and its affiliated companies as in effect for the Executive at any time during the 120-day period immediately preceding the Effective Date or, if more favorable to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!