VACATION PAYOFF ON RETIREMENT OR TERMINATION. Any employee who terminates or is terminated shall be paid for each hour of earned vacation based on the hourly rate of pay/salary rate in effect for such person on the last day actually worked, spent on authorized leave, or spent on authorized time off as compensation for overtime.
Appears in 18 contracts
Samples: Memorandum of Agreement, Memorandum of Agreement, Memorandum of Agreement
VACATION PAYOFF ON RETIREMENT OR TERMINATION. Any Upon termination, an employee who terminates or is terminated shall be paid the hourly equivalent of his/her base salary for each hour of earned vacation based on the hourly rate of pay/base salary rate in effect for such person on the last day actually worked, spent on authorized leave, or spent on authorized time off as compensation for overtime“CTO.”
Appears in 16 contracts
Samples: Memorandum of Agreement, Memorandum of Agreement, Memorandum of Agreement
VACATION PAYOFF ON RETIREMENT OR TERMINATION. Any employee who terminates or is terminated terminated, shall be paid for each hour of earned vacation based on the hourly rate of pay/salary rate pay in effect for such person on the last day actually worked, spent on authorized leave, or spent on authorized time off as compensation for overtime.
Appears in 7 contracts
Samples: Memorandum of Agreement, Memorandum of Agreement, Memorandum of Agreement
VACATION PAYOFF ON RETIREMENT OR TERMINATION. Any employee who terminates or is terminated terminated, shall be paid for each hour of earned vacation based on the hourly rate of pay/salary rate pay in effect for such person on the last day actually worked, spent on authorized leave, or spent on authorized time off as compensation for overtime.overtime.
Appears in 1 contract
Samples: Memorandum of Agreement
