Earned Vacation Pay Sample Clauses
The Earned Vacation Pay clause defines an employee's right to receive payment for vacation time that has been accrued but not yet taken. Typically, this clause outlines how vacation pay is calculated based on the employee's length of service or hours worked, and specifies when such payments are made, such as upon termination of employment or at the end of a fiscal year. Its core function is to ensure employees are fairly compensated for earned benefits, while providing clarity to both employers and employees regarding entitlements and payout procedures.
Earned Vacation Pay. At Closing, Purchaser shall assume the liability and obligation of Seller for the payment of accrued vacation of all Employees hired by Purchaser.
Earned Vacation Pay. Employer shall also pay all undisputed vacation pay which is earned but unused as of the Termination Date. Initial: Employer: /s/ GW Employee: /s/ WD 4-30-09
Earned Vacation Pay. In accordance with Section 4.16 and Schedule 4.16, Sellers shall pay in immediately available funds an amount equal to the Estimated Earned Vacation Amount for all Transitioned Employees. Purchaser shall in turn pay or credit to the operator of the Facilities an amount equal to the amount Purchaser receives pursuant to the prior sentence. Furthermore, Purchaser shall in turn pay or credit to the operator of the Facilities an amount equal to difference between the Estimated Earned Vacation Amount and the Earned Vacation Amount as soon as practicable after receiving such amount pursuant to Section 4.16 hereof.
Earned Vacation Pay. Following one complete year of satisfactory service, earned vacation shall be paid according to the proportion of full months worked to the total contract year.
Earned Vacation Pay. 18 Any person leaving employment and entitled to vacation time will receive vacation pay 19 prorated by work days in lieu of vacation provided a minimum of two (2) weeks notice is 20 given.
Earned Vacation Pay. Employer shall pay Employee all undisputed vacation pay which is earned but unused as of the Separation Date. Such amount shall be paid not later than March 15, 2012.