Payment on Termination. If an employee is terminated after the end of a year of employment, the employee is deemed to have been given any untaken leave from the date of termination and shall be paid for that leave accordingly. The employee shall also be paid for any public holidays falling within the period of leave in addition to payment for the leave. If an employee is terminated before the end of a full year of employment, the employee shall be paid pro-rata annual leave based on the period of service.
Payment on Termination. In the event an employee's employment terminates either before he becomes entitled to a vacation with pay, or, being entitled to it, before he takes it, he shall be paid on termination 4-1/2%, 6-1/2%, 8-1/2%, 10-1/2%, 12-1/2% or 14-1/2% (depending on whether he belongs in the category of employees described in (A) or (B), (C), (D), (E),
Payment on Termination. If employment is terminated, any unused compensatory time will be paid to the employee at the regular rate of pay at the time of termination, or the average regular rate received by the employee during the last three (3) years of the employee's employment, whichever is higher. The employing campus may establish other timeframes in which compensatory time for nonexempt employees must be used or will be cashed out.
Payment on Termination. (a) If a Termination Event occurs, then:
(i) the Corporation shall forthwith notify the Subscription Receipt Agent thereof and shall issue a press release setting forth the occurrence of the Termination Event;
(ii) the Receiptholders’ subscription for, and right to receive, pursuant to this Agreement and the Subscription Receipt, a Common Share evidenced by each Subscription Receipt, shall be automatically terminated and cancelled and each Receiptholder shall be entitled to receive only, no later than on the third Business Day following the Termination Event:
(A) a payment in the amount of $134.50 in respect of each of such holder’s Subscription Receipts; and
(B) such holder's pro rata portion of the aggregate of any Earned Interest, less applicable withholding taxes;
(iii) if the Escrowed Funds in the Subscription Proceeds Account are not sufficient to meet the payment required by Section 3.3(a)(ii), the Subscription Receipt Agent shall only make payments under Section 3.3(a)(ii) to the extent of the monies available in the Subscription Proceeds Account in accordance with Section 3.3(a)(ii) and promptly upon receipt of such additional monies as are provided by the Corporation pursuant to Section 3.6. The Subscription Receipt Agent agrees to cause any amounts payable to the holders of Subscription Receipts pursuant to this Section 3.3 to be paid no later than the third Business Day following the Termination Date;
(iv) Subscription Receipt registers shall be closed at the close of business on the Termination Date; and
(v) any remaining Escrowed Funds after the foregoing payments have been made shall be paid to the Corporation.
(b) The obligation to make the payment of the amounts specified in Section 3.3(a)(ii) shall be satisfied by mailing or delivering payment therefor by cheque or wire transfer or, in respect of all payments in excess of $25,000,000 (or such other amount as determined from time to time by the Canadian Payments Association or any successor thereto) by the use of the LVTS, to the Receiptholder at its registered address. So long as CDS is the sole registered Receiptholder, all payments of the amounts specified in Section 3.3(a)(ii) shall be satisfied by LVTS. If payment is made by cheque, such cheque shall be forwarded to the Receiptholder at least three Business Days prior to the date on which the payment is to be made. If payment is made by wire transfer or LVTS, it shall be made by noon (Toronto time) on the date on which the payment is ...
Payment on Termination. If Employee's employment is terminated by Employee with or without cause, or by Bank with or without cause, Employee shall be paid all base salary and benefits accrued under the Agreement as of the termination date.
Payment on Termination. 9.1 Upon termination of the use of any Card whether by DBS, the Cardmember or any Cardholder, the Cardmember shall pay DBS on demand the entire Outstanding Balance of any or all the Card Account(s) as may be specified by DBS in the demand and until payment in full is made, DBS shall be entitled to levy a Finance Charge calculated on the entire balance due to DBS on the Card Account(s) and debit the Card Account(s) in the manner set out in Condition 6.3.1.
Payment on Termination. In the event an employee's employment terminates either before he/she becomes entitled to a vacation with pay, or, being entitled to it, before he/she takes it, he/she shall be paid on termination 4-1/2%, 6-1/2%, 8-1/2%, 10-1/2%, 12-1/2% or 14-1/2% (depending on whether he/she belongs in the category of employees described in (A) or (B), (C), (D), (E), (F) or (G) above respectively) of his/her wages earned during the period of employment ending with his/her termination in respect of which no vacation or vacation pay to which he/she remains entitled has been paid or taken.
Payment on Termination. The Superintendent shall issue a certificate evidencing, and the Principal shall, subject to the Contract, pay the Contractor: the same payments that would have been payable if the Contract was frustrated under clause 40 with references to 'frustrated' and 'frustration' in clause 40 being read as references to 'terminated' and 'termination' respectively; plus an additional amount equal to 5% of the balance of the contract sum remaining after deducting all amounts paid or payable to the Contractor pursuant to the Contract (including under subclause 39A.3(a)), except that the total amount payable to the Contractor under the Contract shall not exceed the amount which would have been payable had the Contract not been terminated and the Contractor completed WUC in accordance with the Contract. The Principal shall not be liable upon any other claim in connection with the termination.' Insert new clause 39B as follows: '39B PRINCIPAL’S RIGHTS ON FAILURE OF CONTRACTOR TO CARRY OUT AN OBLIGATION Without limiting the Principal's other rights, where the Contractor fails to carry out any obligation under the Contract (including the obligation to comply with a direction of the Superintendent) the Principal may, after giving five business days notice (unless urgent action is required, in which case the Principal need not give notice) to the Contractor, carry out that obligation itself or have it carried out by others. If the Principal incurs more cost in carrying out the obligation itself, or having it carried out by others than it would have incurred if the Contractor had carried out the obligation then those additional costs shall be a debt due and payable by the Contractor to the Principal and shall be certified as such by the Superintendent. The Principal shall be entitled to have access to the site and any other place where an obligation under the Contract is to be carried out in order to exercise the rights provided by this clause 39B.'
Payment on Termination. In the event of the death or termination of an employee during the initial twelve (12) months of his/her employment, no payment in lieu of vacation shall be made. In the event of death or termination of employment after an employee has served for twelve (12) months, and is otherwise eligible for vacation credits, the employee shall be entitled to payment for accrued vacation leave at the rate of the date of eligibility. In the event of death, earned but unused vacation leave shall be paid in the same manner as salary due the deceased employee is paid.
Payment on Termination. If an employee's employment is terminated during the course of a week, the employee will at termination of their employment be paid all monies due to them. Where an employee is dismissed without notice all monies due are to be forwarded to the employee by post within 24 hours of the termination. Where monies are not posted within 24 hours of the termination, the Employer will pay for each working day the Employer fails to forward the monies to the employee a full days pay.
