Accrued Vacation. The Executive will receive payment for accrued but unused vacation, which payment will be equitably prorated based on the period of active employment for that portion of the calendar year in which the Executive's termination becomes effective.
Appears in 2 contracts
Samples: Employment Agreement (Rent Way Inc), Purchase Agreement (College Oak Investments, Inc.)
Accrued Vacation. The Executive will receive payment for accrued but unused vacation, which payment will be equitably prorated based on the period of active employment through the Retirement Date. Payment for that portion of accrued but unused vacation will be payable in one lump sum on the calendar year in which the Executive's termination becomes effectiveRetirement Date (or as soon thereafter as practicable).
Appears in 2 contracts
Samples: Transition and Retirement Agreement (Idex Corp /De/), Transition and Retirement Agreement (Idex Corp /De/)
Accrued Vacation. The Executive will receive payment for accrued but unused vacation, which payment will be equitably prorated based on the period of active employment for that portion of the calendar year in which the Executive's termination of employment becomes effective.
Appears in 2 contracts
Samples: Employment Agreement (Rent Way Inc), Purchase Agreement (College Oak Investments, Inc.)
Accrued Vacation. The Executive will receive payment for accrued but unused vacation, which payment will be equitably prorated based on the period of active employment for that portion of the calendar year in which the Executive's termination becomes effectiveTermination in Connection With a Change in Control occurs.
Appears in 2 contracts
Samples: Employment Agreement (Rent Way Inc), Purchase Agreement (College Oak Investments, Inc.)
Accrued Vacation. The Executive will receive payment for accrued but unused vacation, which payment will be equitably prorated based on the period of active employment for that portion of the calendar year in which the Executive's termination of employment becomes effective. Payment for accrued but unused vacation will be payable in one lump sum on the effective date of termination of employment.
Appears in 1 contract
Samples: Employment Agreement (Rent Way Inc)
Accrued Vacation. The Executive will receive payment for accrued but unused vacation, which payment will be equitably prorated based on the period of active employment for that portion of the calendar fiscal year in which the Executive's ’s termination of employment becomes effective. Payment for accrued but unused vacation will be payable in one lump sum in the next payroll period following the date of termination of employment.
Appears in 1 contract