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 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, 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 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 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 processed immediately if such notification is not received by the first scheduled workday of the new school year.

  • Terminal pay shall be based on the years of service in Clay County.

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