Vacation Credit definition

Vacation Credit means one (1) day (7.25 hours) of paid vacation.
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Vacation Credit. The employee will start earning vacation credit based on total service credit. The Company Health and Dental Coverage: Premiums continue to be maintained by the Company. The Company Pension Pian: Employee contributions recommence. The Company Group Life insurance Plan: Employee contributions recommence.
Sample 1
Vacation Credit means an ownership interest in a Vacation Club that entitles the owner to use VC Resorts. "VC Resorts" means those properties owned in fee simple by a Vacation Club, or in which a Vacation Club has a valid leasehold interest, which an Obligor who is a Vacation Credit owner has limited rights to use under the terms of an Installment Sale Contract between an Originator, such Obligor and the corresponding Vacation Club, as more fully described in the Applicable Declaration and other Applicable Timeshare Documents (as such terms are defined in the Sale Agreement). This definition includes all VC Resorts in existence as of the date of this Agreement or which come into existence during the term of this Agreement.
Sample 1

Examples of Vacation Credit in a sentence

  • Each Member has the right to occupy and use a Unit and the Property during such Member’s Vacation Credit Use or Bonus Time, reserved pursuant to the Rules.

  • The Committee shall credit to each Participant's Unused Vacation Account such Participant's portion of the Unused Vacation Credit and shall credit to each Participant's Spillover Account such Participant's portion of the Spillover Credit so that all such Unused Vacation Credits and Spillover Credits shall become effective and be entered in each Participant's Unused Vacation Account as of the last day of the Plan Year to which they are attributable.

  • A Membership in the Club is a vacation license which constitutes only (a) a right to use and occupy a Unit during the Member’s Vacation Credit Use or Bonus Time, (b) a nonexclusive license to use, enjoy and occupy the Property and recreational facilities appurtenant thereto during Member’s Vacation Credit Use or Bonus Time, (c) voting rights in the Club as described in the Bylaws, and (d) participation in the corporate ownership of the real estate and other assets of the Club.

  • The Master Servicer shall remit the Vacation Credit Purchase Price to the Trustee for immediate deposit into the Collection Account and such remittance shall be deemed to be a collection of principal with respect to such Defaulted Receivable.

  • Whether or not Buyer hires after the Closing any employees of Seller (including XxXxxxxx or Xxxxx), Seller shall be responsible for all compensation and benefits (including, without limitation, salary, bonus, accrued vacation, any benefits attributable to compensation and service earned prior to the Closing, and sick pay) accruing prior to the Closing Date, except as otherwise provided in this Section with respect to the Accrued Vacation Credit.

  • Prior to the termination of this Agreement, the obligations of the Servicer under this Agreement shall not be subject to any defense, counterclaim or right of offset which the Servicer has or may have against the Issuer, the Trustee or any Noteholder whether in respect of this Agreement, the Indenture, the Notes, the Receivables Purchase Agreement, any Contract, Receivable, Vacation Credit or otherwise.

  • Without limiting the generality of Section 3.2, Buyer is not assuming any obligations or Liability (i) to any of Seller’s employees for sick or vacation pay or other benefits (except as otherwise provided in this Section with respect to the Accrued Vacation Credit), or (ii) under any Employee Benefit Plan.

  • The Company shall not suffer or permit the amount of its inventory at the close of any fiscal quarter, including (i) costs of unsold Vacation Credits and (ii) construction in progress, to exceed 40% of aggregate Vacation Credit sales revenues, net of rescissions, reversals, and cash discounts, for the period of four consecutive fiscal quarters then ended.

  • The Committee shall separately allocate the Unused Vacation Credit for each Plan Year among the Employer's Participants by allocating to each such Participant an amount equal to the Unused Vacation Credit made on his behalf.

  • A Member other than Declarant may charge a fee or rent for the use of a Unit during such Member’s Vacation Credit Uses by a guest or invitee.


More Definitions of Vacation Credit

Vacation Credit. Lobo Gymnastics Active offers 2 weeks of vacation credit annually. In order to use your vacation credit, you must notify the office in writing 2 weeks in advance. You will pay ½ the weekly full- time tuition( $ ) for those weeks, due and payable prior to the weeks of vacation. Late payment fees will be assessed for payments made after returning from vacation. Vacation credits are non-transferable. For any additional weeks missed, full weekly tuition ( ) is assessed. Late payment fees will apply. Our school-age Summer Camp Program allows you to select only the weeks that you need. Vacation credits may not be used toward your 1 month withdrawal notice. Initial  Childcare Program: Comfortable non-restrictive clothing is always best for young children. Please have children wear tennis shoes and socks daily.  After-school & School-age program: Due to the variety of activities, proper clothing must be worn in order for your child to participate in activities at Lobo Gymnastics. NO BLUE JEANS, zippers or jewelry may be worn at any time. In Gym-Plex, girls must wear the Lobo one-piece leotard; boys need to wear a Lobo Active t-shirt tucked into black elastic-waist sport shorts.  The parents are responsible for signing the children in and out each day.  Breakfast, lunch and snacks are provided daily for the Infants through Pre-Kindergarten children year round. A sack lunch may need to be provided by parents on special occasions. Parents of school-age children must provide a healthy lunch and drink for summer/holiday hours. Xxxx will provide the snacks on the days children are in the building. WE CANNOT REFRIGERATE OR MICROWAVE LUNCHES. You must provide your own forks, spoons, and bowls when the meal warrants.  All field trips must have permission slips signed prior to participation in the scheduled trips.  I give consent to photograph for marketing and advertising purposes, as well as acknowledge these photos will be posted to Xxxx'x website, Flickr, and Facebook accounts for parents to view.  Lobo Gymnastics Active is not responsible for lost, stolen, traded and broken personal items.  All admission paper work must be completed in full and updated with new information when necessary.  Any special medical, food or personal needs must be conveyed to director when they occur.  I have received information on policies and procedures located in the parent handbook. Agreement Signature: Date: Lobo Staff Signature: Date:
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Related to Vacation Credit

  • Pension Credit ; means the means-tested Guarantee or Savings Credit administered by the Department for Work and Pensions under the State Pension Credit Regulations 2002;

  • Vacation Year means the twelve (12) month period commencing on the first (1st) day of April in each calendar year and concluding on the thirty-first (31st) day of March of the following calendar year.

  • Vacation means annual vacation with pay.

  • Continuing education credit or “CE credit” means one continuing education credit as defined in [insert reference in State law or regulations governing producer continuing education course approval].

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • Salary reduction plan means a benefit plan whereby state and

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • Universal Credit means any payment of Universal Credit payable under the Welfare Reform Act 2012, the Universal Credit Regulations 2013, The Universal Credit (Consequential, Supplementary, Incidental and Miscellaneous Provisions) Regulations 2013, Universal Credit (Miscellaneous Amendments) Regulations 2013 and the Universal Credit (Transitional Provisions) Regulations 2014;

  • converted employment and support allowance means an employment and support allowance which is not income-related and to which a person is entitled as a result of a conversion decision within the meaning of the Employment and Support Allowance (Existing Awards) Regulations 2008;

  • main phase employment and support allowance means an employment and support allowance where the calculation of the amount payable in respect of the applicant includes a component under section 2(1)(b) or 4(2)(b) of the Welfare Reform Act 2007 except in Part 1 of Schedule 1;

  • Vacation rental means the lease, sublease, or other rental of residential property for a period of fewer than ninety days, except that it does not include rental of residential property on a weekly or monthly basis pursuant to Chapter 40 of this title, the South Carolina Residential Landlord and Tenant Act.

  • Leave Salary means the monthly amount paid by the University to an employee who is on leave.

  • income-related employment and support allowance means an income-related allowance under Part 1 of the Welfare Reform Act 2007;

  • Paid sick leave – means paid leave under the Emergency Paid Sick Leave Act.

  • disability living allowance means a disability living allowance under section 71 of the SSCBA;

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Earned credit means the amount of the bid incentive allocated to a contractor upon completion of a contract in which the contractor met or exceeded his or her goals for the utilization of BEPDs in the performance of the contract.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Service Credit means the periods of time for which the required contributions have been made to

  • Annual Benefit means an annual sum of fifty thousand dollars ($50,000) multiplied by the Applicable Percentage (defined below) and then reduced to the extent required: (i) under the other provisions of this Agreement; (ii) by reason of the lawful order of any regulatory agency or body having jurisdiction over the Employer; and (iii) in order for the Employer to properly comply with any and all applicable state and federal laws, including, but not limited to, income, employment and disability income tax laws (eg., FICA, FUTA, SDI).

  • Emission Reduction Credits means emission reductions that have been authorized by a local air pollution control district pursuant to California Health and Safety Code, Division 26 Air Resources, Sections 40709 and 40709.5, whereby such district has established a system by which all reductions in the emission of air contaminants that are to be used to offset certain future increases in the emission of air contaminants shall be banked prior to use to offset future increases in emissions.

  • Bereavement Pay Benefits means the benefits as set out in Article II hereof.

  • Employer Credits means the amounts credited to the Participant’s Deferred Compensation Account by the Employer pursuant to the provisions of Section 4.2.

  • Matching Period has the meaning specified in Section 5.4(1)(e).

  • Matching Contribution means Employer contributions made to this Plan or any other defined contribution plan by reason of Thrift Contributions or Elective Deferrals under this Plan.

  • state pension credit means state pension credit under the State Pension Credit Act 2002;