Contributions in Relation to Termination or Layoffs Sample Clauses

The "Contributions in Relation to Termination or Layoffs" clause defines how an employer must handle employee benefits or financial contributions when an employee is terminated or laid off. Typically, this clause outlines whether the employer is required to continue making contributions to health insurance, retirement plans, or other benefits for a specified period after employment ends, or if such contributions cease immediately upon termination. Its core practical function is to provide clarity and predictability for both parties regarding post-employment benefits, thereby reducing disputes and ensuring compliance with legal or contractual obligations.
Contributions in Relation to Termination or Layoffs. When an employee terminates or is laid off the Employer will make full payment for the entire month regardless of the number of days worked.
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Related to Contributions in Relation to Termination or Layoffs

  • Service Termination, Cancellation, or Suspension If you wish to cancel the Service, you may contact us as set forth in Section 6 of the General Terms above. Any payment(s) that have begun processing before the requested cancellation date will be processed by us. You agree that we may terminate or suspend your use of the Service at any time and for any reason or no reason. Neither termination, cancellation nor suspension shall affect your liability or obligations under this Agreement.

  • Termination for Non-Allocation of Funds Renegotiate the Contract under the revised funding conditions; or

  • Certification of Funds; Budget and Fiscal Provisions; Termination in the Event of Non-Appropriation This Agreement is subject to the budget and fiscal provisions of the City’s Charter. Charges will accrue only after prior written authorization certified by the Controller, and the amount of City’s obligation hereunder shall not at any time exceed the amount certified for the purpose and period stated in such advance authorization. This Agreement will terminate without penalty, liability or expense of any kind to City at the end of any fiscal year if funds are not appropriated for the next succeeding fiscal year. If funds are appropriated for a portion of the fiscal year, this Agreement will terminate, without penalty, liability or expense of any kind at the end of the term for which funds are appropriated. City has no obligation to make appropriations for this Agreement in lieu of appropriations for new or other agreements. City budget decisions are subject to the discretion of the Mayor and the Board of Supervisors. Contractor’s assumption of risk of possible non-appropriation is part of the consideration for this Agreement. THIS SECTION CONTROLS AGAINST ANY AND ALL OTHER PROVISIONS OF THIS AGREEMENT.

  • What if I Make a Contribution for Which I Am Ineligible or Change My Mind About the Type of IRA to Which I Wish to Contribute?

  • Amendment, Suspension or Termination of the Plan By accepting this Award, Participant expressly warrants that he or she has received an Award of Restricted Stock Units under the Plan, and has received, read and understood a description of the Plan. Participant understands that the Plan is discretionary in nature and may be amended, suspended or terminated by the Company at any time.