Entitlement and Calculation of Payment Full Sample Clauses

Entitlement and Calculation of Payment Full. Time An employee who has completed less than one (1) year of continuous service as of the end of the vacation year shall be entitled to three (3) weeks annual vacation. Payment for such vacation shall be prorated in accordance with his service. An employee who has completed one (1) year but less than three (3) years of continuous service as of the end of the vacation year shall be entitled to three (3) weeks’ annual vacation with pay. An employee who has completed three (3) years but less than thirteen (13) years of continuous service as of the end of the vacation year shall be entitled to four
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Entitlement and Calculation of Payment Full. Time An employee who has completed less than one (1) year of continuous service as of the end of the vacation year shall be entitled to two (2) weeks annual vacation. Payment for such vacation shall be prorated in accordance with his service. An employee who has completed one (1) year but less than two (2) years of continuous service as of the end of the vacation year shall be entitled to two (2) weeks annual vacation with pay. An employee who has completed two (2) years but less than five (5) years of continuous service as of the end of the vacation year shall be entitled to three (3) weeks of annual vacation with pay. An employee who has completed five (5) years but less than thirteen (13) years of continuous service as of the end of the vacation year shall be entitled to four (4) weeks of annual vacation with pay. An employee who has completed thirteen (13) years but less than twenty-one (21) years of continuous service as of the end of the vacation year shall be entitled to five (5) weeks of annual vacation with pay. An employee who has completed twenty-one (21) years but less than twenty-eight (28) years of continuous service as of the end of the vacation year shall be entitled to six (6) weeks annual vacation with pay. An employee who has completed twenty-eight (28) years of continuous service as of the end of the vacation year shall receive seven (7) weeks annual vacation with pay. Vacation pay shall be calculated on the basis of the employee’s regular straight time rate of pay times their normal weekly hours or work, subject to the application of the Effect of Absence provision. Part-Time A part-time employee who has completed less than 3,450 hours of continuous service as of December 31st shall receive 4% of gross earnings. A part-time employee who has completed 3,450 hours but less than 8,625 hours of continuous service as of December 31st shall receive 6% of gross earnings. A part-time employee who has completed 8,625 hours but less than 22,425 hours of continuous service as of December 31st shall receive 8% of gross earnings. A part-time employee who has completed 22,425 hours but less than 36,225 hours of continuous service as of December 31st shall receive 10% of gross earnings. An employee who has completed 36,225 hours but less than 48,300 hours of continuous service as of December 31st shall receive 12% of gross earnings. An employee who has completed 48,300 hours of continuous service as of December 31st shall receive 14% of gross earning...
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Entitlement and Calculation of Payment Full. Time An employee who has completed less than one (1) year of continuous service as of the end of the vacation year shall be entitled to two (2) weeks annual vacation. Payment for such vacation shall be prorated in accordance with his service. An employee who has completed one (1) year but less than two (2) years of continuous service as of the end of the vacation year in any year shall be entitled to two (2) weeks annual vacation with pay. An employee who has completed two (2) years but less than five (5) years of continuous service as of the end of the vacation year in any year shall be entitled to three (3) weeks of annual vacation with pay. An employee who has completed five (5) years but less than 13 (13) years of continuous service as of the end of the vacation year in any year shall be entitled to four (4) weeks of annual vacation with pay. An employee who has completed thirteen (13) years but less than twenty-one (21) years of continuous service as the end of the vacation year in any year shall be entitled to five
Sample 1
Entitlement and Calculation of Payment Full. Time‌ An employee who has completed less than one (1) year of continuous service as of the employee’s anniversary date of hire shall be entitled to two (2) weeks' annual vacation. Payment for such vacation shall be prorated in accordance with their service. An employee who has completed one (1) year but less than two (2) years of continuous service as of the employees anniversary date of hire shall be entitled to two (2) weeks' annual vacation with pay. An employee who has completed two (2) years but less than five (5) years of continuous service as of the employees anniversary date of hire shall be entitled to three (3) weeks' annual vacation with pay. An employee who has completed five (5) years but less than thirteen (13) years of continuous service as of the employees anniversary date of hire shall be entitled to four (4) weeks' annual vacation with pay. An employee who has completed thirteen (13) but less than twenty-two (22) years of continuous service as of the employees anniversary date of hire shall be entitled to five (5) weeks' annual vacation with pay. An employee who has completed twenty-two (22) years but less than twenty-eight
Sample 1
Entitlement and Calculation of Payment Full. Time An employee who has completed less than one (1) year of continuous service as of July 1st shall be entitled to two (2) weeks’ annual vacation. Payment for such vacation shall be prorated in accordance with his/her service. An employee who has completed one (1) year but less than two (2) years of continuous service as of July 1st shall be entitled to two (2) weeks’ annual vacation with pay. An employee who has completed two (2) years but less than five (5) years of continuous service as of July 1st shall be entitled to three (3) weeks’ annual vacation with pay. An employee who has completed five (5) years but less than thirteen (13) years of continuous service as of July 1st shall be entitled to four (4) weeks of annual vacation with pay. An employee who has completed thirteen (13) years but less than twenty-one
Sample 1
Entitlement and Calculation of Payment Full. Time (i) Full time employees hired prior to November 6, 1991 shall be entitled to vacation with pay as follows: After 1 year of employment 22 working days After 5 years of employment 23 working days After 10 years of employment 25 working days After 15 years of employment 30 working days After 25 years of employment 35 working days (ii) Full time employees hired after November 6, 1991 shall be entitled to vacation with pay as follows: After 1 year of employment 15 working days After 5 years of employment 20 working days After 13 years of employment 25 working days After 21 years but less than 28 years of employment 30 working days After 28 years of employment 35 working day Part-Time i) All regular part time employees will be entitled to vacation without pay based on length of continuous service as of their anniversary date of employment based of the vacation schedule in clause 25.01(b). ii) A part time employee who has completed less than 1,725 hours of work will receive 4% of her total earnings less percent in lieu. All part time employees with more than 1,725 hours of work but less than 8,625 hours of work will receive 6% of their total earnings less percent in lieu. All part-time employees with more than 8,625 hours but less than 22,425 hours of work will receive 8% of their total earnings less percent in lieu. All part-time employees with more than 22,425 hours but less than 36,225 hours of work will receive 10% of their total earnings less percent in lieu.. All part time employees with more than 36,225 hours but less than 48,300 hours of work will receive 12% of their total earnings less percent in lieu. All part time employees with more than 48,300 hours of work will receive 14% of their total earnings less percent in lieu. Vacations may not be carried over. However, the Executive Director may authorize a carry over in unusual situations, considered on an individual basis. Requests for carry over of vacations must be to the executive director in writing. All tentative vacation requests must be submitted to the executive Director for approval before March 31st of each year.” For the purpose of this Article, gross earnings include, in part, percentage in lieu of benefits and exclude vacation pay.
Sample 1
Entitlement and Calculation of Payment Full. Time An employee who has completed less than one (1) year of continuous service as of April shall be entitled to two (2) weeks’ annual vacation. Payment for such vacation shall be prorated in accordance with service. An employee who has completed one (1) year but less than two (2) years of continuous services as of April shall be entitled to two (2) weeks’ annual vacation with pay. An employee who has completed two (2) years but less than (5) years of continuous service as of April shall be entitled to three (3) weeks’ annual vacation with pay. An employee who has completed five (5) years but less than years of continuous service as of April shall be entitled to four (4) weeks’ annual vacation with pay. Vacation pay shall be calculated on the basis of the employees’ regular straight rate of pay times their normal weekly hours of work, subject to the application of the Effect of Absence provision. Part-Time A part-time employee who has completed less than hours of continuous services as of May shall receive of gross earnings. A part-time employee who has completed hours but less than hours of continuous service as of May shall receive of gross earnings. A part-time employee who has completed hours but less than hours of continuous service as of May shall receive of gross earnings. For the purpose of this Article, gross earnings include, in part, percentage in lieu of benefits and exclude vacation pay. Employees hired prior to October IO, will be credited with the service they held under the Agreement expiring November Leave of Absence Vacation I-Time Where an employee's scheduled vacation is interrupted due to serious illness, which either commenced prior to or during the scheduled vacation period, the period of such illness shall be considered sick leave. Serious illness is defined as an illness that requires the employee to receive on- going medical care and/or treatments resulting in either hospitalization or which would confine the employee to their residence or to bed rest for more than three days. The portion of the employee's vacation that is deemed to be sick leave under the above provision will not be counted against the employee's vacation credits.
Sample 1
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Related to Entitlement and Calculation of Payment Full

  • Calculation of Payments The State shall use the fee schedule set forth in Attachment E to the contract (Fee Schedule) in determining the value of the work performed up to the time of termination. In the case of partially completed engineering services, eligible costs will be calculated as set forth in Attachment E, Fee Schedule. The sum of the provisional overhead percentage rate for payroll additives and for general and administrative overhead costs during the years in which work was performed shall be used to calculate partial payments. Any portion of the fixed fee not previously paid in the partial payments shall not be included in the final payment.

  • Proration of Payments If any Lender shall obtain any payment or other recovery (whether voluntary, involuntary, by application of offset or otherwise, on account of (a) principal of or interest on any Loan, but excluding (i) any payment pursuant to Section 8.7 or 15.6 and (ii) payments of interest on any Affected Loan) or (b) its participation in any Letter of Credit) in excess of its applicable Pro Rata Share of payments and other recoveries obtained by all Lenders on account of principal of and interest on the Loans (or such participation) then held by them, then such Lender shall purchase from the other Lenders such participations in the Loans (or sub-participations in Letters of Credit) held by them as shall be necessary to cause such purchasing Lender to share the excess payment or other recovery ratably with each of them; provided that if all or any portion of the excess payment or other recovery is thereafter recovered from such purchasing Lender, the purchase shall be rescinded and the purchase price restored to the extent of such recovery.

  • Termination of Payment Fund Any portion of the Payment Fund that remains undistributed to the holders of Certificates and Book Entry Shares for twelve months after the Effective Time shall be delivered by the Paying Agent to the Parent, upon demand, and any holder of a Certificate or Book Entry Shares who has not theretofore complied with this Article II shall thereafter look only to the Parent for payment of the Merger Consideration, but shall have no greater rights against the Parent than may be accorded to general unsecured creditors of the Parent under applicable law.

  • Termination of Payments Notwithstanding section 2.2, no payments shall be due to Purchaser xXxx Purchaser has received an aggregate amount under this Note, including payments made by the Company pursuant to section 2.3, equal to (i) the Principal Amount (as defined in the Investor Information Sheet above), multiplied by (ii) the Maximum Payment Multiple. We refer to the result of this multiplication as the “Maximum Payment Amount.”

  • Netting of Payments Subparagraph (ii) of Section 2(c) of this Agreement will apply to Transactions entered into under this Agreement unless otherwise specified in a Confirmation.

  • Allocation of Payments The Assignor and the Assignee agree that (i) the Assignor shall be entitled to any payments of principal with respect to the Assigned Interest made prior to the Assignment Date, together with any interest and fees with respect to the Assigned Interest accrued prior to the Assignment Date, (ii) the Assignee shall be entitled to any payments of principal with respect to the Assigned Interest made from and after the Assignment Date, together with any and all interest and fees with respect to the Assigned Interest accruing from and after the Assignment Date, and (iii) the Agent is authorized and instructed to allocate payments received by it for account of the Assignor and the Assignee as provided in the foregoing clauses. Each party hereto agrees that it will hold any interest, fees or other amounts that it may receive to which the other party hereto shall be entitled pursuant to the preceding sentence for account of such other party and pay, in like money and funds, any such amounts that it may receive to such other party promptly upon receipt.

  • Condition of Payment All services provided by the Contractor under this Contract must be performed to the State’s reasonable satisfaction, as determined at the discretion of the undersigned State representative and in accordance with all applicable federal, state, local laws, ordinances, rules and regulations. The State shall not be required to pay for work found to be unsatisfactory, inconsistent with this Contract or performed in violation of any federal, state or local statute, ordinance, rule or regulation.

  • Coordination of Payments The Company shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable or payable or reimbursable as Expenses hereunder if and to the extent that Indemnitee has otherwise actually received such payment under any insurance policy, contract, agreement or otherwise.

  • Reallocation of Payments Any payment of principal, interest, fees or other amounts received by the Administrative Agent for the account of that Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article VIII or otherwise, and including any amounts made available to the Administrative Agent by that Defaulting Lender pursuant to Section 10.08), shall be applied at such time or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts owing by that Defaulting Lender to the Administrative Agent hereunder; second, to the payment on a pro rata basis of any amounts owing by that Defaulting Lender to the L/C Issuer or Swing Line Lender hereunder; third, if so determined by the Administrative Agent or requested by the L/C Issuer or Swing Line Lender, to be held as Cash Collateral for future funding obligations of that Defaulting Lender of any participation in any Swing Line Loan or Letter of Credit; fourth, as the Borrower may request (so long as no Default or Event of Default exists), to the funding of any Loan in respect of which that Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent; fifth, if so determined by the Administrative Agent and the Borrower, to be held in a non-interest bearing deposit account and released in order to satisfy obligations of that Defaulting Lender to fund Loans under this Agreement; sixth, to the payment of any amounts owing to the Lenders, the L/C Issuer or Swing Line Lender as a result of any judgment of a court of competent jurisdiction obtained by any Lender, the L/C Issuer or Swing Line Lender against that Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under this Agreement; seventh, so long as no Default or Event of Default exists, to the payment of any amounts owing to the Borrower as a result of any judgment of a court of competent jurisdiction obtained by the Borrower against that Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under this Agreement; and eighth, to that Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Loans or L/C Borrowings in respect of which that Defaulting Lender has not fully funded its appropriate share and (y) such Loans or L/C Borrowings were made at a time when the conditions set forth in Section 4.02 were satisfied or waived, such payment shall be applied solely to pay the Loans of, and L/C Borrowings owed to, all non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of, or L/C Borrowings owed to, that Defaulting Lender. Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post Cash Collateral pursuant to this Section 2.16(a)(ii) shall be deemed paid to and redirected by that Defaulting Lender, and each Lender irrevocably consents hereto.

  • Non-Duplication of Payment or Benefits For purposes of clarity, in the event of a Qualifying Pre-CIC Termination, any severance payments and benefits to be provided to the Executive under Section 3(b) will be reduced by any amounts that already were provided to the Executive under Section 3(a). Notwithstanding any provision of this Agreement to the contrary, if the Executive is entitled to any cash severance, continued health coverage benefits, or vesting acceleration of any equity awards (other than under this Agreement) by operation of applicable law or under a plan, policy, contract, or arrangement sponsored by or to which any member of the Company Group is a party (“Other Benefits”), then the corresponding severance payments and benefits under this Agreement will be reduced by the amount of Other Benefits paid or provided to the Executive.

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