Vacation Benefits upon Termination Sample Clauses
The "Vacation Benefits upon Termination" clause defines how accrued but unused vacation time is handled when an employee's employment ends. Typically, this clause specifies whether the employee will be paid out for any remaining vacation days or if such benefits are forfeited, and may outline any conditions or exceptions, such as termination for cause. Its core function is to provide clarity and prevent disputes by establishing clear rules regarding the treatment of vacation benefits at the end of employment.
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Vacation Benefits upon Termination. Upon the termination or expiration of the Executive's employment by Company under this Agreement, the Executive shall not be entitled to compensation for any unutilized vacation leave.
Vacation Benefits upon Termination. When an employee in the bargaining unit terminates for any reason, he/she shall be entitled to all vacation benefits earned and accumulated up to and including the effective date of the termination. Such vacation benefits shall be awarded in the form of vacation days to be used in the period available between notice of termination and effective date of termination whenever possible.
Vacation Benefits upon Termination. Police Officers who leave City employment shall be entitled to be paid for all earned and unused vacation time.
Vacation Benefits upon Termination. Vacation days will be pro-rated if the Superintendent’s employment is terminated (including resignation and retirement) within the first eight (8) months of the fiscal year. (For example, if the Superintendent resigns/retires on September 30: the annual vacation days that were eligible for use as of July 1 will be prorated to ¼ of the annual amount for the fiscal year.) In the event that the Superintendent has used more vacation days than he was eligible to use (after the pro-rated calculation), then the dollar value of the excess days used shall be deducted from any outstanding pay that is due to the Superintendent.
Vacation Benefits upon Termination. 1. An employee who is separated from the service by reason of resignation, death, retirement or discharge (except for discharge by reason of a felony conviction relating to or arising out of or in connection with his service as a Firefighter) shall be compensated at the employee's straight-time and basic hourly rate of pay at the time of separation, for all unused vacation duty days accumulated, including those vacation duty days accumulated in the year of separation, on a pro-rata basis. Vacation time shall not accumulate from year to year except as provided herein.
(a) An employee who is separated from service by reason of retirement following sick or injury leave which was a result of a duty connected injury, illness or disability, or determined to be an occupational disability or duty disability following retirement, shall be compensated at the employee’s straight- time and basic hourly rate of pay at the time of separation for all unused vacation duty days accumulated, including vacation days accumulated during such sick or injury leave.
(b) An employee who is separated from service by reason of retirement at age sixty (60) or above following sick or injury leave which was a result of a non-duty-connected injury, illness or disability shall be compensated at the employee’s straight-time and basic hourly rate of pay at the time of separation for all unused vacation duty days accumulated, including vacation days accumulated during such sick or injury leave.
(c) An employee who is separated from service by reason of retirement at age fifty-nine (59) or below following sick or injury leave which was a result of a non-duty connected injury, illness or disability, or determined to be other than a duty disability or occupational disability following retirement, shall be compensated at the employee’s straight-time and basic hourly rate of pay at the time of separation for all unused vacation duty days accumulated, prior to such sick or injury leave, except, at the employee’s option, the employee may schedule or re-schedule and use, during or after such non-duty leave, the vacation duty days accumulated prior to such non-duty leave.
3. An employee who is separated from the service by reason of resignation, death, retirement or discharge (except for discharge by reason of a felony conviction relating to or arising out of or in connection with his service as a Firefighter) after twenty (20) years of service or more shall be compensated an additional amount equiv...