Pro-Rata Awards - Termination Sample Clauses

Pro-Rata Awards - Termination. When an employee who has completed at least five (5) years of continuous service terminates employment with the City, they receive a pro-rated longevity award. The amount equals one-twelfth of the yearly award per month of service from the first full month of original employment up to and including November plus one-twelfth of the yearly award for each month of service beginning with the previous December up to and including the last full month of employment. An eligible employee who terminates after the anniversary of their 5th, 10th, 15th, or 20th year of employment but prior to November 30 receives a pro-rata award based on the number of years completed service and not the amount of the previous year's award. Pro-rata separation awards shall be based on the dollar amounts listed in 27.4.
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Related to Pro-Rata Awards - Termination

  • Employee’s Termination The Employee ☐ *shall ☐ shall not have the right to terminate this Agreement. *If allowed, the Employee shall be required to provide at least days’ notice. If the Employee should terminate this Agreement before the expiration date, he or she shall be entitled to severance, equal to their pay at the time of termination, for a period of .

  • Other Termination Rights This Agreement may be terminated at any time prior to the Closing by the applicable party if and to the extent permitted in Part V of Appendix B.

  • Additional Termination Rights In addition to any right to terminate this Agreement under the provisions of this Section 16, either party shall have the further right to terminate this Agreement, upon delivery of written notice to the Agent, upon the occurrence of any of the following:

  • Optional Termination The termination of the Trust Fund created hereunder as a result of the purchase of all of the Mortgage Loans and any REO Property pursuant to the last sentence of Section 10.01 hereof.

  • Term; Suspension; Termination A. This Agreement shall become effective on the date that it is approved by both parties, set forth on the first page of the Agreement, and shall continue in effect until both parties have fully performed their respective obligations under this Agreement, unless sooner terminated as provided herein.

  • Employee Termination A) Regular employees other than those serving a probationary period, shall give twenty-eight (28) calendar days written notice of termination to a representative designated by the Employer with the authority to accept such written notice.

  • Term Termination 8.1 This Agreement shall be effective as of the date hereof and shall continue in force until terminated in accordance with the provisions herein.

  • Other Termination If the Optionee’s employment terminates for any reason other than the Optionee’s death, the Optionee’s disability or Cause, and unless otherwise determined by the Administrator, any portion of this Stock Option outstanding on such date may be exercised, to the extent exercisable on the date of termination, for a period of three months from the date of termination or until the Expiration Date, if earlier. Any portion of this Stock Option that is not exercisable on the date of termination shall terminate immediately and be of no further force or effect. The Administrator’s determination of the reason for termination of the Optionee’s employment shall be conclusive and binding on the Optionee and his or her representatives or legatees.

  • CANCELLATION VERSUS TERMINATION Cancellation of this agreement may be done by either the Student or UCF DHRL, but entitles UCF DHRL to rents and assessments either not yet due (such as pre-paid rents for some or all of the remainder of the semester or term), or charges in addition to amounts already paid or payable to UCF DHRL (such as a cancellation assessment for cancelled future semesters). Termination of this agreement is a completion of the agreement by either the Student or UCF DHRL that does not entitle UCF DHRL to additional rents or assessments. In either event, assessments already charged to the Student prior to termination or upon cancellation (i.e., late fees and cancellation fees) remain due and payable, and are not affected by the termination or cancellation.

  • Unilateral Termination (a) Either Parent or the Company, by giving written notice to the other, may terminate this Agreement if a court of competent jurisdiction or other Governmental Authority shall have issued a nonappealable final order, decree or ruling or taken any other action, in each case having the effect of permanently restraining, enjoining or otherwise prohibiting the Merger or any other material transaction contemplated by this Agreement.

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