Common use of Xxxxxxxxx Pay Amount Clause in Contracts

Xxxxxxxxx Pay Amount. Severance pay shall be based on the employee's regular rate of pay at the time of separation and shall be forty percent (40%) of the employee's accumulated but unused sick leave. Effective December 1, 2005, employees who are eligible to receive severance pay will have seventy-five percent (75%) of severance pay distributed to the employee’s Post Retirement Health Care Savings Plan account established by Article 25, Section 14. The remaining twenty-five percent (25%) of severance pay will be paid to the employee in cash.

Xxxxxxxxx Pay Amount. Severance pay shall be based on the employee's regular rate of pay at the time of separation and shall be forty percent (40%) of the employee's accumulated but unused sick leave. Effective December 1, 2005, employees who are eligible to receive severance pay will have seventy-five percent (75%) of severance pay distributed to the employee’s Post Retirement Health Care Savings Plan account established by Article 2524, Section 14. The remaining twenty-five percent (25%) of severance pay will be paid to the employee in cash.

Xxxxxxxxx Pay Amount. Severance pay shall be based on the employee's regular rate of pay at the time of separation and shall be forty percent (40%) of the employee's accumulated but unused sick leave. Effective December 1, 2005the date this contract is approved by the Legislature, employees who are eligible to receive severance pay will have seventy-five one hundred percent (75100%) of their severance pay distributed to placed into the employee’s Post Post-Retirement Health Care Savings Plan account established by Article 25, Section 14. The remaining twenty-five percent (25%) of severance pay will be paid to the employee in cash.