Proration of Vacation Pay on Termination Sample Clauses

Proration of Vacation Pay on Termination. An employee terminating her employment at any time in her vacation year before she has had her vacation shall be entitled to a proportionate payment or wages payable to her under this article in lieu of such vacation. For the purposes of calculating part-time service and for the purposes of transfer between part-time and full-time employment, one year shall equal hours worked.
Sample 1
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Proration of Vacation Pay on Termination. ‌ An employee terminating their employment at any time in their vacation year before they have taken all of their vacation entitlement shall be entitled to any vacation pay earned, provided that the employee provides at least two (2) weeks’ written notice of resignation, unless not possible due to reasons beyond the control of the employee. In the event that the employee does not provide two (2) weeks’ written notice, they will be paid four percent (4%) of their total wages earned for the current vacation year less any vacation pay already paid out for the current vacation year. An employee shall be entitled to a pro-rata portion of their vacation pay in the event that their employment is terminated. Vacations will commence on a Monday and end on a Sunday.
Sample 1

Related to Proration of Vacation Pay on Termination

  • Vacation Pay on Termination An employee whose employment is terminated shall receive vacation pay at the appropriate percentage of the wages or salary earned during the period of entitlement in accordance with the employee's years of service.

  • Vacation Pay Upon Termination When an employee in the bargaining unit is terminated for any reason, he/she shall be entitled to all vacation pay earned and accumulated up to and including the effective date of the termination.

  • Vacation Pay on Retirement Termination is as follows:

  • Vacation Payment on Termination An employee whose service is terminated by the Company or by resignation shall be entitled to a cash payment in lieu of an outstanding vacation allowance, calculated proportionately from July 1 marking the beginning of the 12-month period in which the vacation entitlement applies. Upon the death of an employee, his or her estate shall be entitled to the same payment. The payment will be based on:

  • Compensation on Termination (a) If this Project Agreement is terminated pursuant to Sections 34.3(a), 35.2(a)(ii), 36.1, 36.2 or 36.3, then:

  • Employer Compensation Upon Separation An Employee, upon her separation from employment, shall compensate the Employer for vacation which was taken but to which she was not entitled.

  • Compensation Upon Termination Upon termination of Executive’s employment during the Employment Term, Executive shall be entitled to the following benefits:

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

  • Termination Benefits (a) If Executive’s employment is voluntarily (in accordance with Section 2(a) of this Agreement) or involuntarily terminated within two (2) years of a Change in Control, Executive shall receive:

  • 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.

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