Separation of Service Sample Clauses

Separation of Service. Any teacher who completes his/her contractual obligations and is an employee in good standing at the end of the school year and is not returning to employment with Bluffton-▇▇▇▇▇▇▇▇ MSD for the following school year shall retain full insurance coverage as provided in this Master Contract, with the school corporation paying for said insurance coverage, as outlined in section 4.9 of this Master Contract, through the completion of the 26 pay cycles of the current contract period or until the time the Teacher becomes eligible for coverage, whichever occurs first. Teachers retiring from Bluffton-▇▇▇▇▇▇▇▇ MSD retain benefits as outlined in section 4.9 of this Master Contract. The Teacher separating service with Bluffton-▇▇▇▇▇▇▇▇ MSD is responsible for notifying Bluffton-▇▇▇▇▇▇▇▇ MSD central office personnel of coverage eligibility.

Separation of Service. The term “Separation from Service” means the Executive’s service as an executive and/or independent contractor to the Employer and any member of a controlled group that includes Employer, as defined in Code section 414, terminates for any reason, other than because of a leave of absence approved by the Company, Disability or the Executive’s death. Whether a Separation from Service takes place is determined based (i) on the facts and circumstances surrounding the termination of the Executive’s employment, (ii) whether the Employer and the Executive intended for the Executive to provide significant services for the Employer following such termination and (iii) the application of facts and circumstances in view of the presumptions contained in the regulations to section 409A of the Code. For purposes of this Agreement, if there is a dispute about the employment status of the Executive or the date of the Executive’s Separation from Service, the Employer shall have the sole and absolute right to decide the dispute.

Separation of Service. For the avoidance of doubt, the adjustments made to UTC DSU Awards, including the adjustment of such awards into Carrier DSU Awards or Otis DSU Awards shall not result in a separation of service entitling a participant under the UTC DSU Plan, Carrier DSU Plan or Otis DSU Plan to a distribution.

Separation of Service. For the purposes of this Agreement, the term “termination” means a termination of employment that meets the definition of “separation of service” as defined in Section 409A of the Internal Revenue Code and regulations promulgated thereunder.

Separation of Service. Upon retirement, separation of service, or death, the hours remaining in the holiday leave bank will be compensated in the same manner and at the same hourly rate as salary.

Separation of Service. A. Retirement means an employee has completed twenty-five (25) years of credited service with the City or is eligible to receive disability pension benefits immediately following separation from City employment. At retirement, an employee who has up to one hundred forty (140) sick leave credits may convert them to regular pay. This conversion shall be two (2) sick leave credits for one (1) day regular pay (i.e., eight (8) hours of pay). The maximum amount of credits for the purposes of conversion shall be capped at one hundred forty (140). B. If an employee dies while still employed or if an employee is killed in the line of duty, then the benefits under Paragraph A will be paid to the deceased employee’s estate or named beneficiary.

Separation of Service. Uniforms and all other items furnished by SunLine (other than items purchased by the employee using the uniform purchase credit) must be returned by employee upon termination of employment. SunLine may deduct from employee's last paycheck the replacement cost of uniforms or other items furnished by SunLine in the event such items are not returned by the employee.

Separation of Service. In the event a separation of service occurs before the end of the twelve (12) month payment period, the teacher will receive payment for the amount earned from the beginning of the twelve (12) month period until the separation from service, but which has not yet been paid. Payment shall be included in the final paycheck. For this purpose, "separation from service" shall have the same meaning as that term is defined in section 1.409A-1(h) of the Treasury Regulations (occurs when teacher dies, retires, resigns, or otherwise has a termination of employment from employer.) Any withholdings that are normally taken from the June, July, and August payments will, of necessity, be taken from the last payment. These withholdings may include, but not be limited to: (1) monthly insurance premiums, (2) any monthly annuity withholdings, (3) credit union payments.

Separation of Service. Upon separation of service, for whatever reason, employees shall be compensated up to and including the date of separation for any and all accrued leave and other remuneration due. Clothing allowances and longevity allowance for eligible employees shall be prorated. Upon separation, employees may select to have payments due for said remunerations paid out in one of the following methods: 1. A one-time lump sum payment made to the employee in his/her final paycheck. 2. Deposited into the employee’s Deferred Compensation account, to the extent permitted by federal tax rules and regulations. The terms of the disbursement should be selected by the employee, in writing, and submitted to the Fire Chief within seven (7) working days of separation of service.