AC-A 770
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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.

RuleDescriptionLogicAssoc.Go to
00Use UserCalc onlyIgnores 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
01Pay 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
03Pay Legal PercentageIgnores termination amount owing and uses
only legal amount (A640).
A640A780
04Pay Higher of Time
Amount or Legal
Percentage
Uses termination amount (A750) or legal
amount (A640), whichever is greater.
A640
A750
A780
05Pay Time Amount plus
Legal Percentage
Uses termination amount (A750) + legal
amount (A640).
A640
A750
A780
06Pay 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
07Pay Total PercentagesUses a total of all “percent of earnings”
amounts defined (adds A600 through A670).
A600
A610
A620
A630
A640
A650
A660
A670
A780
08Pay 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
09Pay 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).


Notes #

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