PART YEAR AND PART MONTH EMPLOYMENT Sample Clauses

The 'Part Year and Part Month Employment' clause defines how an employee's compensation and benefits are calculated when their period of employment covers only a portion of a year or month. Typically, this clause outlines the method for prorating salary, bonuses, or leave entitlements based on the actual time worked, such as when an employee joins or leaves a company mid-month or mid-year. Its core function is to ensure fair and accurate allocation of pay and benefits, preventing disputes and providing clarity for both employer and employee regarding entitlements during partial employment periods.
PART YEAR AND PART MONTH EMPLOYMENT. B.26.1 A teacher under contract shall be paid one/tenth (1/10) of current annual salary in respect of each month in which the teacher works all required days. B.26.2 For purposes of Article B.26.1, required days on which the teacher is on authorized leave of absence shall be deemed to be days of work, and deductions (if any) which are authorized by this agreement or the School Act in respect of such leave of absence shall be made from the monthly payment provided in Article B.30.
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PART YEAR AND PART MONTH EMPLOYMENT. (725) 26.1 A teacher under contract shall be paid one/tenth (1/10) of current annual salary in respect of each month in which the teacher works all required days.
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Related to PART YEAR AND PART MONTH EMPLOYMENT

  • Termination of Employment Following a Change in Control Notwithstanding the provisions of Section 6.3 hereof to the contrary, if the Employee’s employment by the Company is terminated by the Company in accordance with the terms of Section 4 of the Termination Agreement and the Employee is entitled to benefits provided in Section 5 of the Termination Agreement, the Company shall pay to the Employee, in a lump sum in cash within 30 days after the Date of Termination, the aggregate of the Employee’s Base Salary (as in effect on the Date of Termination) through the Date of Termination, if not theretofore paid, and, in the case of compensation previously deferred by the Employee, all amounts of such compensation previously deferred shall be paid in accordance with the plan documents governing such deferral. Except with respect to the obligations set for forth in the Termination Agreement, notwithstanding any provisions herein to the contrary, all other obligations of the Company and rights of the Employee hereunder shall terminate effective as of the Date of Termination.

  • CFR PART 200 Termination Termination for cause and for convenience by the grantee or subgrantee including the manner by which it will be effected and the basis for settlement. (All contracts in excess of $10,000) Pursuant to the above, when federal funds are expended by ESC Region 8 and TIPS Members, ESC Region 8 and TIPS Members reserves the right to terminate any agreement in excess of $10,000 resulting from this procurement process for cause after giving the vendor an appropriate opportunity and up to 30 days, to cure the causal breach of terms and conditions. ESC Region 8 and TIPS Members reserves the right to terminate any agreement in excess of $10,000 resulting from this procurement process for convenience with 30 days notice in writing to the awarded vendor. The vendor would be compensated for work performed and goods procured as of the termination date if for convenience of the ESC Region 8 and TIPS Members. Any award under this procurement process is not exclusive and the ESC Region 8 and TIPS reserves the right to purchase goods and services from other vendors when it is in the best interest of the ESC Region 8 and TIPS. Does vendor agree? Yes

  • Compensation Following Termination of Employment In the event that Executive's employment hereunder is terminated, Executive shall be entitled to the following compensation and benefits upon such termination:

  • Employee Termination Regular employees other than those serving a probationary period, shall give twenty-eight (28) calendar days written notice of termination to a representative designated by the Employer with the authority to accept such written notice.

  • Continued Employment Following Expiration of Term Nothing in this Agreement shall mandate or prohibit a continuation of Executive’s employment following the expiration of the term of this Agreement, upon such terms and conditions as the Bank and Executive may mutually agree.