Sick Day Compensation Sample Clauses

Sick Day Compensation. Paid sick day program will cease effective March 31, 2009.
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Sick Day Compensation. Whenever an employee with ten (10) or more years of service in the Amherst School District terminates employment with the District, the employee or his/her survivors shall be compensated for all accumulated sick hours per the provisions of Article 9.2. Part-time employees who work less than 30 hours per week are eligible for the benefits defined in this section. Such compensation shall be equal to thirty percent (30%) of the employee's current per hour rate. If the District has been notified of the impending resignation in time for it to be in the prior year’s budget such compensation shall be paid within thirty (30) days of their last day of employment. Otherwise this compensation will occur during July following the retirement.
Sample 1
Sick Day Compensation. When a teacher with ten (10) or more years of service in the Amherst School District terminates employment with the school district, the teacher shall be compensated for all accumulated sick days. Such compensation shall be equal to 35% of the teacher's current per diem rate (including longevity) for each accumulated sick day for teachers with up to 15 years of service; compensation shall be equal to 45% for teachers with 16 or more years of service. However teachers selecting retirement under Section 14.4 will continue to receive 30% and 40%. Such compensation shall be paid by June 30th of the teacher's last year of employment on the condition that notice of termination be given by the teacher no later than January 1 of the school year preceding the year in which employment is terminated. If teachers fail to give the District eighteen
Sample 1
Sick Day Compensation. A. Subject to the requirements of N.J.S.A. 18A:30-3.6, Association members retiring in accordance with the provisions of the New Jersey Teachers Pension and Annuity Fund, who submit to the Superintendent a written statement of intention to retire at least six (6) months prior to the effective date of retirement shall be eligible for a retirement allowance of one day's pay, at the rate of 1/240th of the then current base salary, as of the retirement date for each four (4) days accumulated unused sick leave. This retirement allowance shall not exceed a total of $15,000 per Association member.
Sample 1
Sick Day Compensation. (a) Sick Day pay will be two (2) % of base wages earned for employees entitled to five (5) days of sick time per calendar year. Applicable wage premiums will be included in Sick Day pay calculations. (b) Time taken off which is not an eligible sick paid day will be unpaid time. (c) Employees will be paid for sick days based on average hours worked over the previous twelve (12) weeks of service. (d) All paid and unpaid sick days are considered as unscheduled absences and are tracked. (e) Unused sick days and personal days are lost when an employee leaves the company for any reason. Minacs will not pay out unused sick and personal days. (f) Any day away from work that qualifies as a sick day will automatically and simultaneously count as both an emergency leave day and a sick day.
Sample 1

Related to Sick Day Compensation

  • Holiday Compensation Compensation for each paid holiday day not taken out is 4.6 % of the current monthly salary and holiday supplement according to 9.4.1 and 9.4.

  • HOLIDAY COMPENSATION FOR TIME WORKED 110. Employees required by their respective appointing officers to work on any of the above specified or substitute holidays, excepting Fridays observed as holidays in lieu of holidays falling on Saturday, shall be paid extra compensation of one additional day's pay at time-and-one-half the usual rate in the amount of 12 hours pay for 8 hours worked or a proportionate amount for less than 8 hours worked provided, however, that at the employee's request and with the approval of the appointing officer, an employee may be granted compensatory time off in lieu of paid overtime pursuant to the provisions of Section III.E.2. 111. Executive, administrative and professional employees designated in the Annual Salary Ordinance with the "Z" symbol shall not receive extra compensation for holiday work but may be granted time off equivalent to the time worked at the rate of-one-and-one-half times for work on the holiday.

  • Salary Compensation As salary compensation for Employee's services hereunder and all the rights granted hereunder by Employee to the Company, the Company shall pay Employee a gross salary of not less than $175,000 during the term of this Agreement. Employee's salary shall be payable in bi-weekly increments in accordance with the Company's payroll practices for salaried employees, upon the condition that Employee fully and faithfully performs Employee's services hereunder in accordance with the terms and conditions of this Agreement. The Company shall deduct and withhold from the compensation payable to Employee hereunder any and all amounts required to be deducted or withheld by the Company under the provisions of any statute, regulation, ordinance, or order and any and all amendments hereinafter enacted requiring the withholding or deducting from compensation payable to employees.

  • Extra Compensation The Board shall pay no fees, other than described above, to the PA/E unless authorized by the Board as follows: A. If the scope of the Project or site is changed, the Board and the PA/E shall negotiate a reasonable fee based upon the probable estimated construction cost in changing the scope of the work and the approximate percentage of the estimated construction cost which was used to negotiate this Agreement if, and, as such may be applicable. B. If the DOE or Board requires the PA/E to make major or costly changes to the Schematic, Preliminary or Construction Document Phase submittals, which changes are not caused by architectural or engineering error or oversight, the PA/E shall be paid to redesign for additional expenses in an amount agreed to by the parties. Under no circumstances will the principals of the PA/E and the principals of his consultants be paid a fee in excess of $125.00 per hour.

  • Annual Compensation The Executive's "Annual Compensation" for purposes of this Agreement shall be deemed to mean the highest level of base salary paid to the Executive by the Employers or any subsidiary thereof during any of the three calendar years ending during the calendar year in which the Date of Termination occurs.

  • Basic Compensation (a) SALARY. Executive will be paid an annual base salary of $115,000.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salary.

  • 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.

  • Fixed Compensation Each of the Co-Managers will receive certain additional fixed compensation pursuant to separate agreements with Masterworks, which is not tied specifically to this Offering or to any other specific offering, but a portion of which is deemed to be underwriting compensation for this Offering. Such additional fixed compensation relates to (i) a monthly retainer for administrative support services and (ii) fixed compensation payments to representatives of Arete. $8,224 is a reasonable estimate of costs and expenses referenced in clauses (i) and (ii) above that are appropriately allocated to this Offering.

  • Final Compensation Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS prior to January 15, 2011, is based on the highest average monthly pay rate during twelve (12) consecutive months of employment. Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS on or after January 15, 2011, is based on the highest average monthly pay rate during thirty-six (36) consecutive months of employment.

  • Special Compensation The Company shall pay to the Executive a lump sum equal to three times the sum of (a) the highest per annum base rate of salary in effect with respect to the Executive during the three-year period immediately prior to the termination of employment plus (b) the Highest Bonus Amount. Such lump sum shall be paid by the Company to the Executive within ten business days after the Executive's termination of employment, unless the provisions of Section 3(e) below apply. The amount of the aggregate lump sum provided by this Section 3(c), whether paid immediately or deferred, shall not be counted as compensation for purposes of any other benefit plan or program applicable to the Executive.

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