Payment Upon Separation definition

Payment Upon Separation. SUPERIOR OFFICER who voluntarily leaves TOWN employ shall receive sick leave accruals at his then current hourly rate of pay based on the following scale:
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Examples of Payment Upon Separation in a sentence

  • Payment Upon Separation Accrued but unused sick time off benefits up to a maximum of 30 days or 240 hours are payable upon employment separation at the hourly rate paid the employee at the time of employment separation.

  • Section 1: Final Payment Upon Separation Upon separation, an employee shall be paid, on the next regular payday or in some other manner as the parties may agree, the wages earned through the date of separation and payment for all accumulated compensatory time.

  • Separation Payment Upon Separation after five (5) years of District Service, a payment for unused accumulated sick leave at the per diem rate but in no case an amount exceeding 30 (thirty days), shall be issued.

  • Payment Upon Separation - Police Unit employees who separate their employment from the City shall have all Annual Leave accumulations converted to salary compensation at the employee's then current rate.

Related to Payment Upon Separation

  • Share Termination Settled” in relation to the Transaction means that Share Termination Alternative is applicable to the Transaction.

  • 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.

  • Nonqualifying Termination means a termination of the Executive’s employment (1) by the Company for Cause, (2) by the Executive for any reason other than a Good Reason, (3) as a result of the Executive’s death or (4) by the Company due to the Executive’s absence from his duties with the Company on a full-time basis for at least 180 consecutive days as a result of the Executive’s incapacity due to physical or mental illness.

  • Purchase Termination Date means the date upon which the Transferor shall cease, for any reason whatsoever, to make purchases of Receivables from the Seller under the Receivables Purchase Agreement or the Receivables Purchase Agreement shall terminate for any reason whatsoever.

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