Accrued Vacation and Sick Pay Sample Clauses

Accrued Vacation and Sick Pay. The Executive shall be entitled to receive, in accordance with the Bank's standard employment policies in effect as of the date of this Agreement (or such more favorable policies as exist on the date of such termination), payment for all accrued and unpaid vacation and sick days.
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Accrued Vacation and Sick Pay. Evidence satisfactory to Purchaser that all vacation and sick pay and other employee benefits ("Benefits") for non-contract employees or "at will" employees, which Seller employed and are entitled to Benefits as a result of services provided to Seller for the period ending on December 31, 1998, have been paid or otherwise satisfied in full. Rest of Page Intentionally Left Blank
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Accrued Vacation and Sick Pay. Sellers shall retain any ----------------------------- obligation for accrued and unused vacation time or sick leave to which Sellers' employees who do not become Transferred Employees have become entitled up to the Closing Date. Buyer shall assume responsibility for any accrued and unused vacation time or sick leave which shall become due and payable to Transferred Employees as of the Closing Date to the extent reflected as a liability in the determination of Net Working Capital;
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Accrued Vacation and Sick Pay. On the Actual Retirement Date, Xxxxxxxxx will receive payment for all accrued but unused vacation and sick leave pay as of the Actual Retirement Date, all in accordance with applicable Village policies.
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Accrued Vacation and Sick Pay. On the Effective Date of Retirement, Employer will pay Executive for his accrued but unused vacation and sick days.
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Accrued Vacation and Sick Pay. The Company shall compensate the current employees of the Company for all accrued vacation time, sick pay and maternity leave (if applicable), and any bonuses due such employees through the date of Closing. For purposes of this Section 1.3(a), bonuses shall include any Christmas, year-end or similar bonuses that the Company customarily has paid to such employees.
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Accrued Vacation and Sick Pay. Seller shall pay any accrued vacation and sick pay owing to employees of the Hotel as of the Closing Date.
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Accrued Vacation and Sick Pay. Section 7.5(b) of the Master Agreement is hereby amended and restated in its entirety and superceded and replaced as follows: “ASOT shall assume R&B’s obligation to pay each Hired Employee the accrued vacation and sick pay (“Accrued Vacation and Sick Pay Obligations”) and/or accrued bonus to which such Hired Employee was entitled as of the Closing in accordance with
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Accrued Vacation and Sick Pay. At the Closing, the Sellers shall provide a schedule to the Buyer which schedule is discussed further in Article V, detailing the accrued vacation and sick pay owed to each of the Sellers' employees up to the Closing Date and Sellers shall cause a reduction in the Purchase Price set forth in Section 1.06(a)(iii) by the amount of such accrued vacation and sick pay for those individuals actually hired by Buyer.
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Related to Accrued Vacation and Sick Pay

  • Accrued Vacation It is further agreed by the parties hereto that, upon sale or transfer of ownership of any store or upon dissolution of business, vacation pay for all months worked for which no vacation pay has been given shall be immediately paid to all employees coming under this Agreement, regardless of length of time said employee has been with the Employer.

  • Accrued Salary and Vacation On the Separation Date, the Company will pay you all accrued salary and all accrued and unused vacation earned through the Separation Date, subject to standard payroll deductions and withholdings. You will receive these payments regardless of whether or not you sign this Agreement.

  • Vacation and Sick Leave During the Term, Executive shall be entitled to (a) sick leave in accordance with the Company’s policies applicable to similarly situated executive officers of the Company from time to time and (b) 4 weeks paid vacation each calendar year (up to 40 hours of which may be carried forward to a succeeding year).

  • VACATION AND VACATION PAY 9.01 All employees who are covered under this Agreement shall receive as vacation pay ten percent (10%) of the employee's total earnings exclusive of each Employer's contribution to the Union's Benefit Plan. Income tax shall be deducted weekly from the employee's earnings increased by the amount of vacation pay. 9.02 Vacation periods shall be arranged by mutual agreement between each Employer and each employee. Employees shall be granted their vacation periods as requested insofar as it is practicable and in accordance with years of employment, unless an Employer decides to grant all vacations at one time, in which case that Employer shall give the employees at least six (6) weeks advance notice. 9.03 Each Employer agrees to remit the Vacation Pay of each employee as agreed upon in Article 9.01 of this Agreement and in accordance with the regulation set by the Employment Standards Branch, Ministry of Labour, monthly before, but not later than the fifteenth of the following month to the Union using a separate cheque marked "Vacation Pay", accompanied by a list on which all deductions and contributions as mentioned in Articles 6.01, 12.02, 17.01, 18.01 and Schedule "A" are recorded. 9.04 In accordance with the agreement with the Employment Standards Branch, Ministry of Labour, the Board of Trustees of the Union's Vacation Pay Trust Fund, is obligated to take any steps which may be available to them either in law or in equity or in bankruptcy as may be necessary or desirable to effect collection from delinquent Employers. All costs incurred in the collection of said payment will be charged to such defaulting Employer. 9.05 Each Employer agrees to give the auditor of the Union's Trust Fund the privilege to examine that Employer's records concerning hours and monies forwarded to the Union, if and when the auditor so desires. Any date for such an examination will be pre-arranged in writing between the auditor, that Employer and the Union.

  • Accrued Wages and Vacation; Expenses Without regard to the reason for, or the timing of, Employee’s termination of employment: (i) the Company shall pay the Employee any unpaid base salary due for periods prior to the Termination Date; (ii) the Company shall pay the Employee all of the Employee’s accrued and unused vacation through the Termination Date; and (iii) following submission of proper expense reports by the Employee, the Company shall reimburse the Employee for all expenses reasonably and necessarily incurred by the Employee in connection with the business of the Company prior to the Termination Date. These payments shall be made promptly upon termination and within the period of time mandated by law.

  • Vacation and Fringe Benefits During the Employment Period, the Executive shall be entitled to paid vacation and fringe benefits at a level that is commensurate with the paid vacation and fringe benefits available to the Executive immediately prior to the Effective Date, or, if more favorable to the Executive, at the level made available from time to time to the Executive or other similarly situated officers at any time thereafter.

  • Vacations and Sick Leave The Executive shall be entitled to paid annual vacation leave in accordance with the policies as established from time to time by the Board of Directors, which shall in no event be less than four weeks per annum. The Executive shall also be entitled to an annual sick leave benefit as established by the Board for senior management employees of the Bank. The Executive shall not be entitled to receive any additional compensation from the Bank for failure to take a vacation or sick leave, nor shall he be able to accumulate unused vacation or sick leave from one year to the next; provided, however, such Executive may carry forward from year to year a maximum of ten days of unused vacation leave.

  • VACATIONS AND VACATION PAY 9.01 All employees who are covered under this Agreement shall receive vacation pay as a percent of the employee's total earnings exclusive of the Employer's contribution to the Union's Pension, Health Benefit Plan, Education and Assistance Fund and Industry Fund. Income tax shall be deducted weekly from the employee's earnings increased by the amount of vacation pay. a. Employees shall, upon hire, receive ten percent (10%) vacation pay, and up to three weeks of vacation. b. Employees with ten or more years of service with the Employer shall receive twelve percent (12%) vacation pay, and up to four weeks of vacation. 9.02 Vacation periods shall be arranged by mutual agreement between the Employer and each employee. Employees shall be granted their vacation periods as requested insofar as it is practical and in accordance with seniority, unless the Employer decides to grant all vacations at one time, in which case the Employer shall give the employees at least six (6) weeks advance notice. 9.03 The Employer agrees to remit the Vacation Pay of each employee as agreed upon in 9.01 of this Agreement and in accordance with the regulation set by the Employment Standards Branch, Ministry of Labour, monthly before, but not later than the fifteenth of the following month to the Union using a separate cheque marked "Vacation Pay", accompanied by a list on which all deductions and contributions as mentioned in 6.01, 13.02, 14.02a, 14.02b, 18.01, 19.01 and Schedule "A" are recorded. 9.04 In accordance with the agreement with the Employment Standards Branch, Ministry of Labour, the Board of Trustees of the Union's Vacation Pay Trust Fund, is obligated to take any steps which may be available to them either in law or in equity or in bankruptcy as may be necessary or desirable to effect collection from delinquent Employers. All costs incurred in the collection of said payment will be charged to such defaulting Employer. 9.05 The Employer agrees to give the auditor of the Union's Trust Fund the privilege to examine the Employer's records concerning hours and monies forwarded to the Union, if and when the auditor so desires. Any date for such an examination will be pre-arranged in writing between the auditor, the Employer and the Union.

  • Vacation and Paid Time Off The Executive shall be entitled to vacation and paid time off in accordance with the standard policies of the Company for executives as in effect from time to time.

  • Accrued Salary and Paid Time Off On the Separation Date, the Company will pay you all accrued salary, and all accrued and unused vacation earned through the Separation Date, subject to standard payroll deductions and withholdings. You are entitled to these payments by law.

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