Unused leave payments Sample Clauses

Unused leave payments. Payment for unused accrued bona fide sick, vacation, or other leave, but only if the Employee would have been able to use the leave if employment had continued.
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Unused leave payments. A separating employee shall receive full payment for all earned but unused vacation leave. In addition, employees separating from the Town service in good standing shall be entitled to a payment for unused sick leave (up to a maximum of 200 days) per the below schedule: For separation after 20 years of service – 60% of time accrued For separation after 10 years of service – 40% of time accrued For separation after 5 years of service – 20% of time accrued Additionally, with regard to the above schedule, those employees who may have already exceeded the maximum accumulation as referred to in Section 5 above, shall be entitled to a payment for unused sick leave greater than the maximum 200 days in accordance with the above schedule. These allowances do not extend the separation date. Employees hired after July 1, 2014 shall not be eligible for the benefit outlined in Section 6 above.
Sample 1

Related to Unused leave payments

  • Vacation Leave Accrual ‌ After a full-time employee has been in pay status for eighty (80) non-overtime hours in a calendar month, the employee will accrue vacation leave according to the rate schedule below. Vacation leave accrual for part-time employees will be proportionate to the number of hours the part-time employee is in pay status during the month to that required for full-time employment.

  • Vacation Leave Accrual Rate Schedule Full Years of Service Hours Per Year

  • Unused Line Fee Borrower shall pay to Lender monthly an unused line --------------- fee at a rate equal to three-eighths (3/8%) percent per annum calculated upon the amount by which the Revolving Loan Limit exceeds the average daily principal balance of the outstanding Revolving Loans and Letter of Credit Accommodations during the immediately preceding month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding. Such fee shall be payable on the first day of each month in arrears.

  • Vacation Leave Credits ‌ Full-time and part-time employees will be credited with vacation leave accrued monthly, according to the rate schedule and vacation leave accrual below.