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Common use of Payment on Termination Clause in Contracts

Payment on Termination. In the event of the death or termination of an employee during the initial twelve (12) months of his/her employment, no payment in lieu of vacation shall be made. In the event of death or termination of employment after an employee has served for twelve (12) months, and is otherwise eligible for vacation credits, the employee shall be entitled to payment for accrued vacation leave at the rate of the date of eligibility. In the event of death, earned but unused vacation leave shall be paid in the same manner as salary due the deceased employee is paid.

Appears in 4 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

Payment on Termination. In the event of the death or termination of an employee during the initial twelve six (126) months of his/her employment, no payment in lieu of vacation shall be made. In the event of death or termination of employment after an employee has served for twelve six (126) months, and is otherwise eligible for vacation credits, the employee shall be entitled to payment for accrued accrued, but unpaid, vacation leave at the rate of the date of eligibility. In the event of death, earned but unused vacation leave shall be paid in the same manner as salary due the deceased employee is paid.

Appears in 3 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

Payment on Termination. In the event of the death death, termination or termination other separation of employment of an employee during the initial twelve (12) months of his/her his employment, vacation is not considered earned and no payment in lieu of vacation shall be made. In the event of death death, retirement, termination or termination other separation of employment after an employee has served for twelve (12) continuous months, and is otherwise eligible for vacation credits, the employee shall be entitled to payment for accrued vacation leave at the rate as of the date of eligibility. In the event of death, earned but unused vacation leave shall be paid in the same manner as salary due the deceased employee is paidemployee.

Appears in 3 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

Payment on Termination. In the event of the death or termination of an employee during the initial twelve (12) months of his/her employment, his employment no payment in lieu of vacation shall be made. In the event of death or termination of employment after an employee has served for twelve (12) continuous months, and is otherwise eligible for vacation credits, the employee shall be entitled to payment for accrued vacation leave at the rate of the date of eligibilitycurrent rate. In the event of death, earned but unused vacation leave shall be paid in the same manner as salary due the deceased employee is paid.

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

Payment on Termination. In the event of the death or termination of an employee during the initial twelve (12) 12 months of his/her employment, no payment in lieu of vacation shall be made. In the event of death or termination of employment after an employee has served for twelve (12) 12 continuous months, and is otherwise eligible for vacation credits, the employee shall be entitled to payment for accrued vacation leave at the rate of the date of eligibilitycurrent rate. In the event of death, earned but unused vacation leave shall be paid in the same manner as salary due the deceased employee is paid.

Appears in 1 contract

Samples: Collective Bargaining Agreement

Payment on Termination. In the event of the death or termination of an employee during the initial twelve (12) months of his/her employment, no payment in lieu of vacation shall be made. In the event of death or termination of employment after an employee has served for twelve (12) months, and is otherwise eligible for vacation credits, the employee shall be entitled to payment for accrued vacation leave at the rate of the date of eligibility. In the event of death, earned but unused vacation leave shall be paid in the same manner as salary due the deceased employee is paid.paid.β€Œ

Appears in 1 contract

Samples: Collective Bargaining Agreement

Payment on Termination. β€Œ In the event of the death or termination of an employee during the initial twelve (12) months of his/her employment, his employment no payment in lieu of vacation shall be made. In the event of death or termination of employment after an employee has served for twelve (12) continuous months, and is otherwise eligible for vacation credits, the employee shall be entitled to payment for accrued vacation leave at the rate of the date of eligibilitycurrent rate. In the event of death, earned but unused vacation leave shall be paid in the same manner as salary due the deceased employee is paid.

Appears in 1 contract

Samples: Collective Bargaining Agreement

Payment on Termination. In the event of the death or termination of an employee during the initial twelve (12) months of his/her employment, no payment in lieu of vacation shall be made. In the event of death or termination of employment after an employee has served for twelve (12) continuous months, and is otherwise eligible for vacation credits, the employee shall be entitled to payment for accrued vacation leave at the rate as of the date of eligibility. In the event of death, earned but unused vacation leave shall be paid in the same manner as salary due the deceased employee is paid.

Appears in 1 contract

Samples: Collective Bargaining Agreement

Payment on Termination. In the event of the death death, termination or termination other severance of employment of an employee during the initial twelve (12) months of his/her employment, no vacation is considered earned and no payment in lieu of vacation shall be made. In the event of death death, termination or termination other severance of employment after an employee has served for twelve (12) continuous months, and is otherwise eligible for vacation credits, the employee shall be entitled to payment for accrued vacation leave at the wage rate of applicable on the date of eligibilityseverance of employment. In the event of death, earned but unused vacation leave shall be paid in the same manner as salary due the deceased employee is paid.

Appears in 1 contract

Samples: Collective Bargaining Agreement