Common use of Termination Payoff Clause in Contracts

Termination Payoff. Upon termination, unused floating holidays shall be paid at a straight-time rate so that the total of unused floating holidays to be paid off and floating holidays used by the employee shall not exceed two (2) standard workdays if the termination occurs between July 1 and December 31 or four (4) standard workdays if the termination occurs between January 1 and June 30.

Termination Payoff. ‌ Upon termination, unused floating holidays shall be paid at a straight-time rate so that the total of unused floating holidays to be paid off and floating holidays used by the employee shall not exceed two (2) standard workdays if the termination occurs between July 1 and December 31 or four (4) standard workdays if the termination occurs between January 1 and June 30.

Termination Payoff. Upon termination, unused floating holidays shall be paid at a straight-straight time rate so that the total of unused floating holidays to be paid off and floating holidays used by the employee shall not exceed two (2) standard workdays if the termination occurs between July 1 and as follows: July- September 16 hours/ 2 days October- December 31 or four (4) standard workdays if the termination occurs between January 1 and 24 hours/ 3 days January- March 32 hours/4 days April- June 30.16 hours/ 2 days

Termination Payoff. Upon termination, unused floating holidays shall be paid at a straight-straight time rate rate, so that the total of unused floating holidays to be paid off and floating holidays used by the employee shall not exceed two (2) standard workdays work days if the termination occurs between July 1 and December 31 31, or four (4) standard workdays work days if the termination occurs between January 1 and June 30.