Final Salary Sample Clauses
The Final Salary clause defines how an employee's last payment is calculated and disbursed upon the termination of their employment. Typically, this clause outlines the inclusion of outstanding wages, accrued but unused vacation days, bonuses, or other entitlements up to the employee's final working day. By specifying the components and timing of the final payment, the clause ensures both parties have clarity on financial obligations at the end of employment, thereby reducing the risk of disputes.
Final Salary. You will receive, on the next regular payday following the Separation Date, pay for all work you performed for the Company through the Separation Date, to the extent not previously paid.
Final Salary. Employee’s final paycheck will be reduced by the amount of any lawful charge or indebtedness Employee owes the Company.
Final Salary. Notwithstanding any other provision of this contract, and specifically not withstanding subsection a above, each teacher’s 2021-22 salary shall become final and agreed upon on September 1, 2022, even if said salary is different (higher or lower) than the computation of the formula salary in Appendix B or the same salary as the teacher’s 2020-21 salary. In the event of a large discrepancy between the salary paid and final under this paragraph and the salary calculated under subsection (a) above (i.e. more than 1/12 of the affected employee’s annual salary), the District and the Association shall open the contract solely for the purposes of negotiating the affected employee’s salary only. If an employee notifies the District’s Human Resources office in writing of an alleged discrepancy in his/her pay before September 1, 2022, his/her 2021-22 salary shall not become final until said alleged discrepancy is investigated by Human Resources.
Final Salary. To the extent there is an alleged difference between an employee’s salary as predicted by the calculations described in this Agreement and the amount disbursed to the employee as payment, the employee may notify the District’s Human Resources office in writing within the contract year in which the alleged difference occurs. Notwithstanding any other provision of this contract, and specifically not withstanding subsection a above, each employee’s salary shall become final and agreed upon on September 1 of the subsequent school year (e.g. a 2024-25 salary becomes final and agreed upon on September 1 of 2025), even if said salary is different (higher or lower) than the computation of the formula salary in this Agreement or the same salary as the employee’s previous year’s salary. In the event of a large discrepancy between the salary paid and final under this paragraph and the salary calculated under subsection (a) above (i.e. more than 1/12 of the affected employee’s annual salary), the District and the Association shall open the contract solely for the purposes of negotiating the affected employee’s salary only. If an employee notifies the District’s Human Resources office in writing of an alleged discrepancy in his/her pay before September 1 of the subsequent year, his/her salary shall not become final until said alleged discrepancy is investigated by Human Resources.
Final Salary. 1% Reduction2 and 3-days off calendar (2 Instructional & 1 Orientation) Members shall not advance steps from the previous year. Lane advancements will be honored.
Final Salary. You will continue to receive your salary at the current rate of your base compensation, $29,166.67 monthly, through the Separation Date and for a period of twelve months thereafter (the “Severance Benefits Period”), payable in accordance with the Company’s payroll practices and subject to all applicable withholdings.
Final Salary. The member's final salary shall be the average annual compensation of the member during his ▇▇▇▇▇ ▇ years of employment, or if not so long employed, then the average annual compensation earned and paid during the whole period of such employment.
Final Salary. You will receive, on or before the Company’s next regular payday following the Employment End Date, pay for all work you performed for the Company through the Employment End Date, to the extent not previously paid, determined in accordance with Company policy and as reflected on the books of the Company. You will receive the payments described in this Section 2 regardless of whether or not you sign this Agreement or either of the Post-Service Releases.
Final Salary. Final Salary shall mean the Executive’s annualized cash compensation, in the final calendar year of Executive’s employment, relating to services performed during any calendar year, excluding distributions from nonqualified deferred compensation plans, bonuses, commissions, overtime, fringe benefits, stock options, relocation expenses, incentive payments, non-monetary awards, and automobile and other allowances paid to an Executive for employment services rendered (whether or not such allowances are included in the Executive’s gross income). Final Salary shall be calculated before reduction for compensation voluntarily deferred or contributed by the Executive pursuant to all qualified or non-qualified plans of the Bank and shall be calculated to include amounts not otherwise included in the Executive’s gross income under Code Sections 125, 402(e)(3), 402(h), or 403(b) pursuant to plans established by the Bank; provided, however, that all such amounts will be included in compensation only to the extent that had there been no such plan, the amount would have been payable in cash to the Executive.
Final Salary. On the Separation Date, the Company will provide you with your final paycheck, which will include all salary and/or wages owed to you for work performed through the Separation Date, less all customary and required taxes and employment-related deductions, (collectively, the “Accrued Obligations”). You will have sixty (60) days following the date hereof to submit any unreimbursed business expenses incurred through the Separation Date, which will be reimbursed promptly in accordance with Company policy.