Terminal pay definition

Terminal pay means the following payments made by an employer to an employee on termination of employment:
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Terminal pay means any payment to an employee in exchange for an agreement to retire by a certain date.
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Examples of Terminal pay in a sentence

  • Terminal pay will be processed immediately if such notification is not received by the first scheduled work day of the new school year.

  • Terminal pay, when paid upon retirement or termination, shall be paid only if the employee is retiring or terminating under favorable circumstances, not if the employee is being dismissed by the Board.

  • Terminal pay to all eligible employees shall be made to a 401(a) Qualified Retirement Plan to be selected jointly by the Board and the Union.

  • Terminal pay shall be paid after ten (10) years of creditable service in a retirement 40 plan established by the Florida Legislature and shall be based on the total number of accrued and 41 valid sick leave days credit to the teacher at the daily rate of pay of the teacher at the time of 42 termination.

  • Terminal pay for accumulated sick leave will be in accordance with the following schedule.

  • Terminal pay shall be paid after ten (10) years of creditable service in a retirement 45 plan established by the Florida Legislature and shall be based on the total number of accrued and 46 valid sick leave days credited to the employee at the daily rate of pay of the employee at the time 1 of termination.

  • Terminal pay benefits for accrued sick leave are defined hereinafter.

  • Terminal pay will be processed immediately if such notification is not received by the first scheduled workday of the new school year.

  • Terminal pay as herein provided for in this paragraph shall be in addition to amounts otherwise receivable by Employee or his estate under this or any other agreements with Corporation or under any employee benefits or retirement plans established by Corporation and in which Employee is participating at the time of his death.

  • Terminal pay will be paid out as provided for in the tax deferment payment plan adopted by the School Board.

Related to Terminal pay

  • Terminal Illness means a person is diagnosed by a Physician to have a prognosis of 12 months or less to live.

  • Terminal Equipment means all telephone instruments, including pay telephone equipment, the common equipment of large and small key and PBX systems and other devices and apparatus, and associated wirings, which are intended to be connected electrically, acoustically or inductively to the telecommunication system of the telephone utility.

  • Bulk gasoline terminal means a gasoline storage facility which receives gasoline from its supply source primarily by pipeline, ship, or barge, and delivers gasoline to bulk gasoline plants or to commercial or retail accounts primarily by tank truck; and has an average daily throughput of more than 76,000 liters (20,000 gallons) of gasoline.

  • Transportation facility means a highway, a railroad, a public mass transit facility, a public-use airport, a public trail or any other public work for transportation purposes such as harbor improvements under s. 85.095 (1)(b), Wis. Stats. “Transportation facility” does not include building sites for the construction of public buildings and buildings that are places of employment that are regulated by the Department pursuant to s. 281.33, Wis. Stats.

  • Transportation network company driver or “driver” means an

  • Transportation Facilities means any physical facility that moves or assist in the movement of people or goods including facilities identified in OAR 660-012-0020 but excluding electricity, sewage, and water systems.

  • Enrollee point-of-service cost-sharing or "cost-sharing" means amounts paid to health carriers directly providing services, health care providers, or health care facilities by enrollees and may include copayments, coinsurance, or deductibles.

  • Marine terminal means a public or private commercial wharf

  • Rechargeable Electrical Energy Storage System (REESS) means the rechargeable energy storage system that provides electric energy for electrical propulsion.

  • Transportation Service Agreement means the contract between KUB and the Customer whereby KUB agrees to provide transportation gas service to the Customer.

  • Trunk line means the coaxial/optic fiber cable network and other allied equipment such as receiver nodes, amplifiers, splitters etc. owned and installed by the multi-system operator or its associate companies for the purpose of transmitting Cable TV Signal to various LCOs till the receiving end of various LCOs, including the LCO, to enable them to re-transmit the Cable TV Signal to respective subscribers; All other words and expressions used in this interconnection agreement but not defined, and defined in the Act and rules and regulations made thereunder or the CTN Act and the rules and regulations made thereunder, shall have the meanings respectively assigned to them in those Acts or the rules or regulations, as the case may be.

  • Transportation network company means a corporation,

  • Terminal means the EMV-enabled machine, terminal or other hardware device you obtain from NCR Voyix as an item of Hardware to use in connection with the Service to make the Offering to the Service User and to access the EMV PSP Service.

  • Transportation equipment means 1 or more of the following:

  • Control Area(s) means an electric power system or combination of electric power systems to which a common automatic generation control scheme is applied.

  • Transportation network company rider or “rider” means an

  • Motor carrier transportation contract means a contract, agreement, or understanding for any of the following:

  • Local Access and Transport Area (LATA) Shall have the meaning set forth in 47 U.S.C.

  • PJM Control Area means the Control Area recognized by NERC as the PJM Control Area.

  • Terminal operator means a person who owns, operates, or otherwise controls a terminal.

  • Intermodal Rail Yard means a rail facility in which cargo is transferred from drayage truck to train or vice-versa.

  • Transport Gas means the gas purchased by a Customer from a supplier other than KUB that Customer has arranged to have Delivered to KUB for delivery to the Customer by KUB.

  • Transportation Service means a service for moving people and goods, such as intercity bus service and passenger rail service.

  • Transportation Company means any organization which provides its own or its leased vehicles for transportation or which provides freight forwarding or air express services.

  • Transportation Services means travel assistance given to an individual

  • Transportation project or "project" means any or the