Common use of Payment Upon Separation Clause in Contracts

Payment Upon Separation. 21.8.1 Upon resignation or dismissal, the amount of sick leave remaining to a covered employee’s credit shall lapse. 21.8.2 In the event of death of a covered employee while in service with the CCSNH, a sum equal to the number of days of sick leave remaining shall be paid to the employee’s estate. 21.8.3 Upon retirement under the provisions of RSA 100-A:5, RSA 100-A:6, and RSA 100-A only, or upon eligibility under RSA 100-A:5 but electing to receive a lump sum payment in lieu of an annuity, a full-time covered employee shall receive payment in a sum equal to 50% of the number of sick leave days remaining to the employee’s credit. However, the total number of days eligible for payment shall not exceed sixty (60) days. In no instance shall accrued sick leave be used to extend employment beyond the employee’s last day of work. 21.8.4 Upon separation due to retrenchment, a full-time covered employee shall receive payment in a sum equal to 50% of the number of sick leave days remaining to the employee’s credit. However, the total number of days eligible for payment shall not exceed sixty (60) days. In no instance shall accrued sick leave be used to extend employment beyond the employee’s last day of work.

Payment Upon Separation. 21.8.1 Upon resignation or dismissal, dismissal the amount of sick leave remaining to a covered employee’s credit shall lapse. 21.8.2 In the event of death of a covered employee while in service with the CCSNH, a sum equal to the number of days of sick leave remaining shall be paid to the employee’s estate. 21.8.3 Upon retirement under the provisions of RSA 100▇▇▇ ▇▇▇-A:5▇:▇, RSA ▇▇▇ 100-A:6, and RSA 100-A only, or upon eligibility under RSA 100-A:5 but electing to receive a lump sum payment in lieu of an annuity, a full-time covered employee shall receive payment in a sum equal to 50% of the number of sick leave days remaining to the employee’s credit. However, the total number of days eligible for payment shall not exceed sixty (60) days. In no instance shall accrued sick leave be used to extend employment beyond the employee’s last day of work. 21.8.4 Upon separation due to retrenchmentretrenchment pursuant to Article 15 of this Agreement, a full-time covered employee shall receive payment in a sum equal to 50% of the number of sick leave days remaining to the employee’s credit. However, the total number of days eligible for payment shall not exceed sixty (60) days. In no instance shall accrued sick leave be used to extend employment beyond the employee’s last day of work.

Payment Upon Separation. 21.8.1 22.8.1 Upon resignation or dismissal, the amount of sick leave remaining to a covered employee’s credit shall lapse. 21.8.2 22.8.2 In the event of death of a covered employee while in service with the CCSNH, a sum equal to the number of days of sick leave remaining shall be paid to the employee’s estate. 21.8.3 22.8.3 Upon retirement under the provisions provision of RSA 100-A:5, RSA 100-A:6, A:5 and RSA 100-A only, or upon eligibility under RSA 100-A:5 but electing to receive a lump sum payment in lieu of an annuity, a full-time covered employee shall receive payment in a sum equal to 50% of the number of sick leave days remaining to the employee’s employees credit. However, the total number of days eligible for payment shall not exceed sixty (60) days. In no instance shall accrued sick leave be used to extend employment beyond the employee’s last day of work. 21.8.4 22.8.4 Upon retirement under RSA 100-A:5 or 6 or separation due to retrenchment, a full-time covered an employee shall receive payment in a sum equal to 50% of the number of sick leave days remaining to the employee’s employees credit. However, the total number of days eligible for payment shall not exceed sixty (60) days. In no instance shall accrued sick leave be used to extend employment beyond the employee’s last day of work.