PAY ON TERMINATION definition

PAY ON TERMINATION. Upon certification of the Director-Human Resources that the employment of any employee is terminated, the compensation for such persons shall become due and shall be paid the regular pay day of the pay period following the pay period in which the termination date occurred. Sec. 506 PAY FOR LESS THAN FULL TIME SERVICES OF REGULAR EMPLOYEES: Premium pay will also be paid to regular less than full time employees on the same basis as full time employees except that when premium pay is paid on a biweekly or monthly rate, that rate will be paid to less than full time employees on a pro rata basis. Sec. 507 PAY RANGE CHANGES: Whenever a higher pay range is assigned to a classification, an employee holding a position in such classification shall have his hourly rate of pay increased by the percentage increase in the classification's pay. The employee's probation hours needed and/or merit increase hours needed shall not change in such an adjustment. Whenever a lower pay range is assigned to a classification, an employee holding a position in that class shall receive the same hourly rate of pay he was receiving on the day preceding the effective date of the new range, if such salary placement is within the newly established range. In all other instances, whenever a lower pay range is assigned to a classification, an employee holding a position in the class whose rate immediately preceding the effective date of the new range was in excess of the maximum of the new range, then such employee shall receive the maximum of the new range. The anniversary date of an employee affected by the establishment of lower pay ranges for his classification shall not be affected by such an adjustment. Sec. 508 HOURLY RATE OF PAY ON "Y" RATING: When an employee is "Y" rated, the hourly rate of pay he received immediately prior to the date of downward reclassification is to be frozen and may not be increased until the maximum of the pay range assigned his new classification exceeds the hourly rate of pay he was earning immediately prior to establishment of the "Y" rate. The employee shall then be placed at the point in the range most closely representing an approximately five percent (5%) increase in his hourly rate of pay and shall retain his probation hours needed and/or merit increase hours needed that were in effect immediately prior to the establishment of the "Y" rate. Sec. 509 HOURLY RATE OF PAY ON TRANSFER: Whenever an employee is voluntarily or involuntarily transferred or assi...
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PAY ON TERMINATION. Upon certification of the Director-Human Resources that the employment of any employee is terminated as a probationary or disciplinary dismissal prior to the expiration of the biweekly pay period, the compensation of such person shall become due and shall be paid within five (5) working days of notification. Upon certification of the Director-Human Resources that the employment of any employee is terminated, other than listed above, prior to the expiration of the biweekly pay period, the compensation of such persons shall be paid on the payday, which falls within the next pay period. Sec. 506 PREMIUM PAY FOR PART TIME SERVICES OF REGULAR EMPLOYEES: Premium pay will be paid to regular part-time employees on the same basis as full-time employees except that when premium pay is paid on a biweekly or monthly rate, that rate will be paid to part-time employees on a pro-rata basis.
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PAY ON TERMINATION. Upon certification of the Human Resources Director that the employment of any employee is terminated prior to the expiration of the biweekly pay period, the compensation of such person shall become due and shall be paid within five days of termination.
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Examples of PAY ON TERMINATION in a sentence

  • MARINE DISASTER AND MISHAP MEDICAL EXAMINATIONS GRIEVANCE PROCEDURE SENIORITY ANNUAL VACATIONS e ANNUAL VACATION PAY ON TERMINATION STATUTORY HOLIDAYS LEAVE (LAY DAYS) LEAVE OF ABSENCE EDUCATION AND DUTIES.

  • RECOGNITION TERMINATION OF EMPLOYMENT PROMOTION FROM WITHIN THE COMPANY DISCRIMINATION AND INTIMIDATION LEGAL DEFENCE INSURANCE CANADIAN MERCHANT SERVICE GUILD, PENSION PLAN (TOWBOATS) BOARDING PASS WARRANTY OF CONTINUOUS OPERATION BENEFIT PLAN MARINE DISASTER AND MISHAP MEDICAL EXAMINATIONS GRIEVANCE PROCEDURE SENIORITY ANNUAL VACATIONS ANNUAL VACATION PAY ON TERMINATION STATUTORY HOLIDAYS LEAVE (LAY DAYS) LEAVE OF ABSENCE EDUCATION AND UPGRADING DUTIES.

Related to PAY ON TERMINATION

  • Automatic Termination shall have the meaning set forth in Section 2.3.2.

  • Normal Termination means termination of employment or service with the Company and Affiliates:

  • Outside Termination Date shall have the meaning set forth in Section 8.01(f).

  • Reverse Termination Fee has the meaning set forth in Section 7.02(b).

  • Company Termination Fee has the meaning set forth in Section 7.3(a).

  • Employment Termination means the effective date of: (i) Executive’s voluntary termination of employment with the Company with Good Reason, or (ii) the termination of Executive’s employment by the Company without Good Cause.

  • Employment Termination Date means, with respect to a Participant, the first day upon which the Participant no longer has an employment or service relationship with the Company or any Related Company.

  • Parent Termination Fee has the meaning set forth in Section 7.3(b).

  • Partial Termination has the meaning set forth in the Section 6.3(a).

  • Agreement Termination Date is defined in Section 7.4.

  • Optional Termination The termination of the trust created hereunder in connection with the purchase of the Mortgage Loans pursuant to Section 9.01(a) hereof.

  • Post-Termination Period means the twelve (12) month period beginning on the Termination Date.

  • Service Termination Date means the last Day in a month upon which Service shall terminate, as set forth in a Schedule of Service and subject to any renewal thereof.

  • Change of Control Termination means (i) a Termination Without Cause of the Employee’s employment by the Employer (other than for death or disability) within twelve (12) months after a Change of Control or (ii) the Employee’s resignation for Good Reason within twelve (12) months after a Change of Control.

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Initial Termination Date has the meaning set forth in Section 8.2(a).

  • Qualified Termination has the meaning set forth in Section 4(b).

  • Forbearance Termination Date means the earlier to occur of (i) the closing of a Transaction; (ii) October 31, 2001, or (iii) the date upon which the Forbearance Default occurs.

  • Good Reason Termination means a termination of employment or service initiated by the Participant upon or after a Change of Control upon one or more of the following events:

  • Loan Termination Date means the earliest to occur of the following: (i) as to the REVOLVING NOTES, November 1, 2012, as to the TERM NOTES, October 31, 2016, (ii) the date the OBLIGATIONS are accelerated pursuant to this AGREEMENT, and (iii) the date ADMINISTRATIVE AGENT has received (a) notice in writing from BORROWER of BORROWER’s election to terminate this AGREEMENT and (b) indefeasible payment in full of the OBLIGATIONS.

  • Termination of Services means Participant’s Termination of Consultancy, Termination of Directorship or Termination of Employment, as applicable.

  • Forbearance Termination Event has the meaning set forth in Section 3(a) hereto.

  • Change in Control Termination means that while this Agreement is in effect:

  • Accretion Termination Date As defined in the Series Supplement.