Termination Conversion Sample Clauses

Termination Conversion. After successful completion of the probationary period, an employee whose employment terminates shall be entitled to payment for all accrued but unused PTO.

Termination Conversion. Upon determination of Court of competent jurisdiction that termination of the Contractor pursuant to Paragraph 38 was wrongful and/or otherwise improper, such termination will be deemed converted to a termination for convenience pursuant to Paragraph 39 and Contractor’s remedy for such termination shall be limited to the recovery of the payments permitted for termination for convenience as set forth in Paragraph 39.

Termination Conversion. In the event of death, termination, or resignation of an employee, all vacation credits accrued shall be converted to cash at the appropriate hourly rate and paid to the beneficiary or employee. Pay In Lieu of Vacation Non-probationary employees subject to these rules are eligible if they so choose to sell back to the City earned vacation leave credits as follows: Those employees who have fewer than 10 years (fewer than 120 months) of continuous service may sell back up to the lesser of 80 hours (112 hours for 56-hour work week employees) or the amount above one (1) year’s accrual. Those employees who have ten (10) or more years of continuous service may sell back up to the lesser of 100 hours (140 for 56–hour work week employees) or the amount above one (1) year's accrual. Those employees who have 15 or more years of continuous service and those employees retiring in a given fiscal year may sell back up to the lesser of 120 hours (168 for 56–hour work week employees) or the amount above one (1) year's accrual. Vacation leave sellback shall occur only three (3) times within any fiscal year for the cumulative limits noted above. The employee will receive dollar value straight–time pay based on the pay step level the employee then has, exclusive of any differential. This is a voluntary option to the employee. The employee will give at least three (3) weeks’ notice to their supervisor in writing of the employee's wish to exercise this option.

Termination Conversion. The Borrowers agree, jointly and severally, to pay to the Administrative Agent, for the account of the Lenders in accordance with their respective Pro Rata Shares, additional compensation, equal to two percent (2.0%) of the Total Facility on the Commitment Termination Date ("Termination Amount"). The Borrowers further agree, jointly and severally, to pay to the Administrative Agent, for the account of the Lenders in accordance with their respective Pro Rata Shares, a fee (the "Conversion Commitment Fee"), equal to three percent (3.0%) of the Total Facility under this Agreement less the amount of the Termination Amount actually paid. The Conversion Commitment Fee shall be payable on or prior to the effective date of any exit facility entered into pursuant to Section 2.05.

Termination Conversion. An employee who is discharged or terminates employment, after giving due notice, shall be entitled to all accrued PTO.

Termination Conversion. (i) Upon termination by the Company of Xxxxx'x employment with the Company without Good Cause (as that term is defined in, and otherwise in accordance with, that certain Employment Agreement between Xxxxx and the Company, dated August [ ], 2004 (the "XXXXX AGREEMENT")) or the termination of such employment by Xxxxx for Good Reason (as defined in the Xxxxx Agreement), in either case prior to an FDA Approval, all (but not less than all, subject to any limitations on the extent of such conversion under Section 5(p) below) of the shares of Series A Stock held by Xxxxx may be converted, at the option of Xxxxx, into fully-paid and non-assessable shares of Common Stock at any time thereafter.

Termination Conversion