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 - 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.

Related to Unused leave payments

  • Monthly Management Fee Payment On the first business day of each month, each class of each Fund shall pay the management fee to the Investment Manager for the previous month. The fee for the previous month shall be the sum of the Daily Management Fee Calculations for each calendar day in the previous month.

  • Total Compensation Contractor shall include Total Compensation in XXX for each of its five most highly compensated Executives for the preceding fiscal year if:

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