Common use of Holiday Entitlement Clause in Contracts

Holiday Entitlement. 7.1 The Executive shall during the Term be entitled to paid leave of absence of 21 Working Days (in addition to the usual public holidays) in each complete holiday year worked (and pro-rata for part of each holiday year worked), which shall be taken by the Executive at such time or times as shall be mutually convenient to the Executive and the Company. Accrued paid leave may be carried forward up to a maximum of 21 Working Days. 7.2 For the purposes of the Employment Ordinance, the holiday year of the Executive shall run from 1st January each year to 31st December of that year.

Appears in 6 contracts

Samples: Service Agreement (Chinacast Education Corp), Service Agreement (Chinacast Education Corp), Service Agreement (Chinacast Education Corp)

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Holiday Entitlement. 7.1 The Executive shall during the Term be entitled to paid leave of absence of 21 25 Working Days (in addition to the usual public holidays) in each complete holiday year worked (and pro-rata for part of each holiday year worked), which shall be taken by the Executive at such time or times as shall be mutually convenient to the Executive and the Company. Accrued paid leave may be carried forward up to a maximum of 21 25 Working Days. 7.2 For the purposes of the Employment Ordinance, the holiday year of the Executive shall run from 1st January each year to 31st December of that year.

Appears in 3 contracts

Samples: Service Agreement (Travelzoo Inc), Service Agreement (Travelzoo Inc), Service Agreement (Travelzoo Inc)

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Holiday Entitlement. 7.1 The Executive shall during the Term be entitled to paid leave of absence of 21 Working Days 25 working days holiday in each calendar year (in addition to as well as the usual customary public and statutory holidays) in each complete holiday year worked (and pro-rata for part of each holiday year worked), which shall to be taken by the Executive at such time or times as shall be mutually convenient to the Executive and the Company. Accrued paid leave may be carried forward up to a maximum of 21 Working Daysagreed with the Board. 7.2 For On the purposes termination of the Employment Ordinance, Executive's appointment his holiday entitlement for the calendar year in which such termination takes place shall be in direct proportion to the length of service in that year and he shall be paid his salary in lieu of any such holiday year entitlement not taken as at the date of the Executive shall run from 1st January each year to 31st December of that yeartermination.

Appears in 2 contracts

Samples: Annual Report, Employment Agreement (Xl Capital LTD)

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