A770 Termination Amount Payout {optional}#
This component calculates the amount to be paid out on termination. Only used when A760 is chosen.
Choose the rule that is used as the ‘Termination Amount Payout’ rule.
| Rule | Description | Logic | Assoc. | Go to |
|---|---|---|---|---|
| 00 | Use UserCalc only | Ignores the termination amount owing (A750) and calculates a new amount using the specified <UserCalc>. The UserCalc must be of the type ‘Function’, with a return value of the type ‘Numeric’. Use the RET operator to return the numeric value. This value is interpreted by the component as the amount to payout on termination. | A780 | |
| 01 | Pay Nothing (Use it or Lose it) | Ignores the termination amount owing (A750), does not pay out. | ||
| 02* | Pay Time Amount if specified, or Legal percentage | Uses termination amount owing if specified (A750), else uses legal amount (A640). | A640 A750 | A780 |
| 03 | Pay Legal Percentage | Ignores termination amount owing and uses only legal amount (A640). | A640 | A780 |
| 04 | Pay Higher of Time Amount or Legal Percentage | Uses termination amount (A750) or legal amount (A640), whichever is greater. | A640 A750 | A780 |
| 05 | Pay Time Amount plus Legal Percentage | Uses termination amount (A750) + legal amount (A640). | A640 A750 | A780 |
| 06 | Pay Time Amount or Total Percentages | Uses termination amount owing if specified (A750), else uses a total of all other “percent of earnings” amounts defined (adds A600 through A670). | A640 A750 A600 A610 A620 A630 A650 A660 A670 | A780 |
| 07 | Pay Total Percentages | Uses a total of all “percent of earnings” amounts defined (adds A600 through A670). | A600 A610 A620 A630 A640 A650 A660 A670 | A780 |
| 08 | Pay Higher of Time Amount or Total Percentages | Uses termination amount owing (A750) or a total of all other “percentage of earnings” amounts defined (adds A600 through A670), whichever amount is greater. | A750 A600 A610 A620 A630 A640 A650 A660 A670 | A780 |
| 09 | Pay Time Amount plus Total Percentages | Adds termination amount owing (A750) + a total of all other “percentage of earnings” amounts defined (adds A600 through A670). | A750 A600 A610 A620 A630 A640 A650 A660 A670 | A780 |
If the amount derived from the rule chosen above is to be paid to the employee, a pay component must be defined. If any rule is chosen, a leave line will be created for the applicable amount.
Note that none of the above occurs unless the employment status is “terminated” and the Final Pay Method is indicated on the employee’s pay header.
If no amount is paid out on termination, do not define this component, or define the component with the applicable rule, and do not define a payroll component. A final option is to use a payroll component that does not appear on the payroll stub, to allow the amounts to be balanced on the financial ledgers (if required).
