Compensation for Vacation Clause Samples

Compensation for Vacation. Each day of vacation taken by an employee will constitute a reduction of ten hours of accumulated credits and will be paid at current rate(s) for normal working hours missed on that day(s).
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Compensation for Vacation. 13.7.1 The rate which vacation is paid shall be the employee's current rate. An employee whose vacation is earned and begun under a given status shall suffer no loss of earned vacation credit by reason of subsequent changes in conditions of employment during that vacation. 13.7.2 Upon separation from the service, an employee shall be paid for the accumulated vacation credit at the rate of pay applicable to the employee's last regular assignment, except that employees who have not completed six months of employment in regular status shall not be entitled to such compensation. 13.7.3 In the event that more vacation has been used than earned upon termination of service, the final warrant shall be adjusted so as to recover all compensated but unearned days of vacation.
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Compensation for Vacation. An employee is entitled to compensation at his current rate of vacation time for the current year to his credit at the time of separation. In addition, he shall be compensated for any unused vacation leave accrued to his credit, with the permission of the appointing authority.
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Compensation for Vacation. Employees shall receive vacation leave according to length of service as set out in the Vacation Table, Appendix forming part of this agreement. Each day of vacation taken by an employee will be paid at the employee’s current rate for normal working hours for that date. No premiums or bonuses will apply. Employees hired after April on attaining six or more months of service, will be advanced the number of days of vacation they will have earned by the end of the vacation year (March 31). Each April thereafter, they will be advanced the number of days of vacation they will have earned by the immediately following. Employees who terminate before having earned the vacation credits advanced to them will reimburse the Company for advanced credits used but not earned. On the first April following a date of re-employment, current service will be used in calculating vacation entitlement. Effective on the April I one full year of reemployment, employees who have prior service with the Company be credited with annual vacation as provided in the Vacation Plan Table on the basis of their accumulated service. accumulated service shall be the sum of current service which is eligible for vacation credit and service in previous periods of employment with the Company which was eligible for vacation as outlined in Article Vacation With Pay Plan. Advance Payment An employee can receive vacation pay up to one week in advance of vacation leave subject to the following conditions:
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Compensation for Vacation. A. Full-time employee's vacation will be paid at the employee's current hourly rate, times the average hours worked per day in the previous calendar month, up to a maximum of nine (9) hours. Vacation for part-time employees will paid at employee's current hourly rate at the average daily rate worked for the previous calendar month for a minimum of four (4) and up to five (5) hours straight time. Vacations will be considered time worked for all purposes of the present Agreement, except for the calculation of overtime, and if named holiday falls within the vacation period, the employee will be paid the holiday or if they choose, will receive time off in accordance with section 1- D above. B. The top fifty percent of full-time employees, on each center's seniority list eligible for vacation will be guaranteed a minimum of eight (8.0) hours per day for vacation pay. The bottom fifty percent of full-time employees, on each center's seniority list eligible for vacation pay, will be guaranteed a minimum of seven (7.0) hours per day for vacation pay. C. If a holiday falls on a selected vacation week the holiday pay shall be included with the vacation pay.
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Compensation for Vacation a. Full time employee’s vacation will be paid at the employee’s cur- rent hourly rate, times the average hours worked per day in the previ- ous calendar month, up to a maximum of nine (9) hours. Vacation for part-time employees will paid at employee’s current hourly rate at the average daily rate worked for the previous calendar month for a mini- mum of four (4) and up to five (5) hours straight time. Vacations will be considered time worked for all purposes of the present Agreement, except for the calculation of overtime, and if named holiday falls with- in the vacation period, the employee will be paid the holiday or if he chooses, will receive time off in accordance with Section 1 d. above. b. The top fifty percent of full time employees, on each Center’s seniority list eligible for vacation will be guaranteed a minimum of eight (8) hours per day for vacation pay. The bottom fifty percent of full time employees, on each Center’s seniority list eligible for ▇▇▇▇- tion pay, will be guaranteed a minimum of seven (7) hours per day for vacation pay. c. If a holiday falls on a selected vacation week the holiday pay shall be included with the vacation pay.
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Compensation for Vacation. Each day of vacation taken by a Driver and a Security Officer will constitute a reduction of ten hours of accumulated credits and will be paid at current for normal working hours missed on that
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Compensation for Vacation. Employees may elect to be compensated for vacation days earned prior to the period of disability.
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Related to Compensation for Vacation

  • Separation Compensation In exchange for your agreement to the general release and waiver of claims and covenant not to sue set forth below and your other promises herein, the Company agrees to provide you with the following:

  • Compensation for Overtime Assigned overtime is designated as those hours over the regular hours of work which are requested of the employee by management. Assigned overtime worked shall be paid at the rate of time and one-half (1 1/2).

  • Benefits; Vacation Employee shall be eligible to receive all benefits as are available to similarly situated employees of Employer generally, and any other benefits that Employer may, in its sole discretion, elect to grant to Employee from time to time. In addition, Employee shall be entitled to four (4) weeks paid vacation per year, which shall be pro-rated for the first partial year of employment and shall accrue in accordance with Employer’s policies applicable to similarly situated employees of Employer.

  • Executive Compensation Until such time as the Investor ceases to own any debt or equity securities of the Company acquired pursuant to this Agreement or the Warrant, the Company shall take all necessary action to ensure that its Benefit Plans with respect to its Senior Executive Officers comply in all respects with Section 111(b) of the EESA as implemented by any guidance or regulation thereunder that has been issued and is in effect as of the Closing Date, and shall not adopt any new Benefit Plan with respect to its Senior Executive Officers that does not comply therewith. “Senior Executive Officers” means the Company's "senior executive officers" as defined in subsection 111(b)(3) of the EESA and regulations issued thereunder, including the rules set forth in 31 C.F.R. Part 30.

  • Employment and Compensation The following terms and conditions will govern the Executive’s employment with the Company throughout the Term.