Salary Cap Termination Sample Clauses

Salary Cap Termination. In addition to any other rights a Club may have under the AFL Player Contract or this Agreement, unless the player and Club specifically agree otherwise in their AFL Player Contract, any AFL Player Contract may be terminated if, in the Team’s opinion, the player is anticipated to make less of a contribution to the Team’s ability to compete on the playing field than another player or players whom the Team intends to sign or attempts to sign, or another player or players who is or are already on the Team’s roster, and for whom the Team needs Room under the Salary Cap. The terms of this Section 5 shall not affect any Club or Club Affiliate’s obligation to pay a player any guaranteed Player Compensation.
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Related to Salary Cap Termination

  • 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.

  • Retroactive Pay for Terminated Employees An employee who has retired or severed his/her employment between the termination date of this Agreement and the effective date of the new Agreement shall receive the full retroactivity of any increase in wages, salaries or other benefits.

  • 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.

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