Payment Upon Resignation Sample Clauses
The Payment Upon Resignation clause outlines the employer’s obligations regarding final payments to an employee who resigns from their position. Typically, this clause specifies the timing and calculation of outstanding wages, accrued but unused vacation, and any other owed compensation, ensuring these are paid promptly after the employee’s resignation. Its core function is to provide clarity and fairness in the financial settlement process when an employee leaves voluntarily, reducing the risk of disputes over final pay.
Payment Upon Resignation. If a permanent Employee retires or resigns from the service of the City or is otherwise discontinued therefrom, except for cause, he/she shall be entitled to receive a lump sum payment of all accumulated annual leave.
Payment Upon Resignation. Employees will be paid upon resignation of employment for all PTO accrued but unused in accordance with Employer policy.
Payment Upon Resignation. On the next regularly scheduled pay day following the Resignation Date, the Company shall pay to Employee: (i) any earned or accrued, but unpaid Base Salary and vacation through the Resignation Date; and (ii) any unreimbursed business expenses accrued through the Resignation Date. The Company will deduct normal withholdings for federal and state income taxes and payroll taxes. Employee acknowledges that he is not owed any additional compensation, benefits, or payment by virtue of his employment, or termination of employment, except as provided pursuant to any benefit plans in which Employee has participated.
Payment Upon Resignation. After completing their introductory period, Employees will be paid upon resignation of employment for all PTO accrued but unused provided two (2) weeks’ notice is provided per Article 5.2.
Payment Upon Resignation. In the event of resignation, settlement and payment of the residual amount will be at the next payment of wages.
Payment Upon Resignation. After completion of one (1) year of employment, employees will be paid upon resignation of employment for all PTO accrued but unused.