Payment Upon Separation From Service. Upon separation from service, for any reason, any and all accrued by unused vacation leave shall be paid to the employee, or his estate, in case of death, at the straight-time hourly rate of pay at the time of separation or death. On an annual basis (each year) and prior to an employee’s anniversary date of hire, an employee may elect to receive payment in lieu of vacation as follows:
Payment Upon Separation From Service. (a) Upon a Separation from Service prior to the attainment of age sixty (60), the Accumulation Account shall be paid to the Executive in one hundred and twenty (120) equal monthly installments with interest equal to the one-year Treasury xxxx as of the date of the Separation of Service, with the first payment commencing on the first day of the month following the lapse of six months after such Separation from Service. In the event of the Executive’s death after such Separation from Service but prior to the completion of the one hundred and twenty (120) installment payments described above, an amount equal to the aggregate remaining unpaid installments shall be paid to the Executive’s beneficiary (or estate, if there is no beneficiary) in a single lump sum payment on the first day of the month following the occurrence of his death.
Payment Upon Separation From Service. City will redeem fifty percent (50%) of accumulated, unused or unredeemed sick leave, not to exceed six hundred (600) hours, upon death, retirement or separation from service to those employees with a minimum of five (5) years regular full-time service. Redemption of these sick leave hours will be paid at the employee’s then current base wages plus any longevity pay, educational incentive award, and bilingual pay being earned as of the effective date of separation from City service.
Payment Upon Separation From Service. (a) Upon a Separation from Service, the Accumulation Account shall be paid in a single lump sum payment to the Executive on the first day of the month following the lapse of six months after such Separation from Service.
Payment Upon Separation From Service. As soon as administratively practicable following the date on which the Recipient incurs a separation from service (within the meaning of Code §409A and the regulations thereunder) from the Company, the remaining fifty percent (50%) of such vested RSUs shall be paid; provided, however, in no event shall any such RSU be paid later than the later of (1) December 31 of the calendar year during which such separation from service occurs, or (2) the fifteenth (15th) day of the third (3rd) calendar month following such separation from service (and the Grantee will not be permitted, directly or indirectly, to designate the taxable year of such payment). Each RSU shall be paid by issuance, and delivery to the Recipient, of a Share. To the extent that a RSU awarded under this Agreement has been paid, no further payment may be made with respect to such RSU.
Payment Upon Separation From Service. At the time of an employee's permanent separation from employment with the City, the employee's eligibility for payment of a portion of his or her accumulated sick leave hours shall be determined as follows:
Payment Upon Separation From Service. Upon separation from service, the employee shall receive payment for one-half (1/2) of accumulated unused sick leave not to exceed one-half (1/2) of 960 hours at the employee’s December 31, 2006 rate of pay at the time of separation.
Payment Upon Separation From Service
