Common use of HOLIDAYS AND HOLIDAY PAY Clause in Contracts

HOLIDAYS AND HOLIDAY PAY. 8.1 In addition to public holidays in England, during his employment hereunder, the Executive shall be entitled to 25 working days’ paid holiday per holiday year and, if applicable, such additional days as are set out in the Company’s standard terms and conditions of employment from time to time, during each holiday year to be taken at such time or times as may be agreed with the Manager. Except as otherwise provided in the Company’s holiday policy, the Executive may not carry forward any unused part of his holiday entitlement to a subsequent holiday year and the Executive shall not be entitled to any salary in lieu of untaken holiday. 8.2 For the holiday year during which the Executive’s employment hereunder commences or terminates he shall be entitled to such proportion of his annual holiday entitlement as the period of his employment in each such holiday year bears to one holiday year as set out in the Company’s holiday policy. Upon termination of his employment for whatever reason, he shall, if appropriate, be entitled to salary in lieu of any outstanding holiday entitlement.

Appears in 4 contracts

Samples: Service Agreement, Service Agreement (Aspen Insurance Holdings LTD), Service Agreement (Aspen Insurance Holdings LTD)

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HOLIDAYS AND HOLIDAY PAY. 8.1 In addition to public holidays in England, during his employment hereunder, the Executive shall be entitled to 25 working days’ paid holiday per holiday year and, if applicable, such additional days (including public and bank holidays) as are set out in the Company’s standard terms and conditions of employment from time to time, during each holiday year to be taken at such time or times as may be agreed with the Manager. Except as otherwise provided in the Company’s holiday policy, the Executive may not carry forward any unused part of his holiday entitlement to a subsequent holiday year and the Executive shall not be entitled to any salary in lieu of untaken holiday. 8.2 For the holiday year during which the Executive’s employment hereunder commences or terminates he shall be entitled to such proportion of his annual holiday entitlement as the period of his employment in each such holiday year bears to one holiday year as set out in the Company’s holiday policy. Upon termination of his employment for whatever reason, he shall, if appropriate, be entitled to salary in lieu of any outstanding holiday entitlement.

Appears in 2 contracts

Samples: Service Agreement, Service Agreement (Aspen Insurance Holdings LTD)

HOLIDAYS AND HOLIDAY PAY. 8.1 9.1 In addition to public holidays in England, during his employment hereunder, the Executive shall be entitled to 25 working days’ paid holiday per holiday year and, if applicable, such additional days as are set out in the Company’s standard terms and conditions of employment from time to time, during each holiday year to be taken at such time or times as may be agreed with the Manager. Except as otherwise provided in the Company’s holiday policy, the Executive may not carry forward any unused part of his holiday entitlement to a subsequent holiday year and the Executive shall not be entitled to any salary in lieu of untaken holiday. 8.2 9.2 For the holiday year during which the Executive’s employment hereunder commences or terminates he shall be entitled to such proportion of his annual holiday entitlement as the period of his employment in each such holiday year bears to one holiday year as set out in the Company’s holiday policy. Upon termination of his employment for whatever reason, he shall, if appropriate, be entitled to salary in lieu of any outstanding holiday entitlement.

Appears in 2 contracts

Samples: Service Agreement, Service Agreement (Aspen Insurance Holdings LTD)

HOLIDAYS AND HOLIDAY PAY. 8.1 In addition to public holidays in England, during his employment hereunder, the Executive shall be entitled to 25 working days' paid holiday per holiday year and, if applicable, such additional days as are set out in the Company’s 's standard terms and conditions of employment from time to time, during each holiday year to be taken at such time or times as may be agreed with the Manager. Except as otherwise provided in the Company’s 's holiday policy, the Executive may not carry forward any unused part of his holiday entitlement to a subsequent holiday year and the Executive shall not be entitled to any salary in lieu of untaken holiday. 8.2 For the holiday year during which the Executive’s 's employment hereunder commences or terminates he shall be entitled to such proportion of his annual holiday entitlement as the period of his employment in each such holiday year bears to one holiday year as set out in the Company’s 's holiday policy. Upon termination of his employment for whatever reason, he shall, if appropriate, be entitled to salary in lieu of any outstanding holiday entitlement.

Appears in 1 contract

Samples: Service Agreement (Aspen Insurance Holdings LTD)

HOLIDAYS AND HOLIDAY PAY. 8.1 9.1 In addition to public holidays in EnglandBermuda, during his employment hereunder, the Executive shall be entitled to 25 30 working days' paid holiday per holiday year and, if applicable, such additional days as are set out in the Company’s 's standard terms and conditions of employment from time to time, during each holiday year to be taken at such time or times as may be agreed with are convenient to the ManagerCompany. Except as otherwise provided in the Company’s 's holiday policy, the Executive may not carry forward any unused part of his holiday entitlement to a subsequent holiday year and the Executive shall not be entitled to any salary in lieu of untaken holiday. 8.2 9.2 For the holiday year during which the Executive’s 's employment hereunder commences or terminates he shall be entitled to such proportion of his annual holiday entitlement as the period of his employment in each such holiday year bears to one holiday year as set out in the Company’s 's holiday policy. Upon termination of his this employment for whatever reason, he shall, if appropriate, be entitled to salary in lieu of any outstanding holiday entitlement.

Appears in 1 contract

Samples: Service Agreement (Aspen Insurance Holdings LTD)

HOLIDAYS AND HOLIDAY PAY. 8.1 9.1 In addition to public holidays in EnglandBermuda, during his employment hereunder, the Executive shall be entitled to 25 working days' paid holiday per holiday year and, if applicable, such additional days as are set out in the Company’s 's standard terms and conditions of employment from time to time, during each holiday year to be taken at such time or times as may be agreed with the Manager. Except as otherwise provided in the Company’s 's holiday policy, the Executive may not carry forward any unused part of his holiday entitlement to a subsequent holiday year and the Executive shall not be entitled to any salary in lieu of untaken holiday. 8.2 9.2 For the holiday year during which the Executive’s 's employment hereunder commences or terminates he shall be entitled to such proportion of his annual holiday entitlement as the period of his employment in each such holiday year bears to one holiday year as set out in the Company’s 's holiday policy. Upon termination of his employment for whatever reason, he shall, if appropriate, be entitled to salary in lieu of any outstanding holiday entitlement.

Appears in 1 contract

Samples: Service Agreement (Aspen Insurance Holdings LTD)

HOLIDAYS AND HOLIDAY PAY. 8.1 In addition to public holidays in England, during his her employment hereunder, the Executive shall be entitled to 25 30 working days’ paid holiday per holiday year and, if applicable, such additional days as are set out in the Company’s standard terms and conditions of employment from time to time, during each holiday year to be taken at such time or times as may be agreed with are convenient to the ManagerCompany. Except as otherwise provided in the Company’s holiday policy, the Executive may not carry forward any unused part of his her holiday entitlement to a subsequent holiday year and the Executive shall not be entitled to any salary in lieu of untaken holiday. 8.2 For the holiday year during which the Executive’s employment hereunder commences or terminates he she shall be entitled to such proportion of his her annual holiday entitlement as the period of his her employment in each such holiday year bears to one holiday year as set out in the Company’s holiday policy. Upon termination of his this employment for whatever reason, he she shall, if appropriate, be entitled to salary in lieu of any outstanding holiday entitlement.

Appears in 1 contract

Samples: Service Agreement (Aspen Insurance Holdings LTD)

HOLIDAYS AND HOLIDAY PAY. 8.1 In addition to public holidays in England, during his her employment hereunder, the Executive shall be entitled to 25 26 working days' paid holiday per holiday year and, if applicable, such additional days as are set out in the Company’s 's standard terms and conditions of employment from time to time, during each holiday year to be taken at such time or times as may be agreed with the Manager. Except as otherwise provided in the Company’s 's holiday policy, the Executive may not carry forward any unused part of his her holiday entitlement to a subsequent holiday year and the Executive shall not be entitled to any salary in lieu of untaken holiday. 8.2 For the holiday year during which the Executive’s 's employment hereunder commences or terminates he shall be entitled to such proportion of his her annual holiday entitlement as the period of his her employment in each such holiday year bears to one holiday year as set out in the Company’s 's holiday policy. Upon termination of his her employment for whatever reason, he shall, if appropriate, be entitled to salary in lieu of any outstanding holiday entitlement.

Appears in 1 contract

Samples: Service Agreement (Aspen Insurance Holdings LTD)

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HOLIDAYS AND HOLIDAY PAY. 8.1 9.1 In addition to public holidays in England, during his employment hereunder, the Executive shall be entitled to 25 30 working days' paid holiday per holiday year and, if applicable, such additional days as are set out in the Company’s 's standard terms and conditions of employment from time to time, during each holiday year to be taken at such time or times as may be agreed with are convenient to the ManagerCompany. Except as otherwise provided in the Company’s 's holiday policy, the Executive may not carry forward any unused part of his holiday entitlement to a subsequent holiday year and the Executive shall not be entitled to any salary in lieu of untaken holiday. 8.2 9.2 For the holiday year during which the Executive’s 's employment hereunder commences or terminates he shall be entitled to such proportion of his annual holiday entitlement as the period of his employment in each such holiday year bears to one holiday year as set out in the Company’s 's holiday policy. Upon termination of his this employment for whatever reason, he shall, if appropriate, be entitled to salary in lieu of any outstanding holiday entitlement.

Appears in 1 contract

Samples: Service Agreement (Aspen Insurance Holdings LTD)

HOLIDAYS AND HOLIDAY PAY. 8.1 In addition to public holidays in England, during his employment hereunder, the The Executive shall be entitled to 25 an aggregate of 30 working days’ paid holiday per holiday year (in addition to English bank, public and statutory holidays) in relation to his employment by the Company and by any other Group Company and, if applicable, such additional days as are set out in the Company’s standard terms and conditions of employment from time to time, during each holiday year to be taken at such time or times as may be agreed with the Manager. Except as otherwise provided in the Company’s holiday policy, the Executive may not carry forward any unused part of his holiday entitlement to a subsequent holiday year and the Executive shall not be entitled to any salary in lieu of untaken holiday. 8.2 For the holiday year during which the Executive’s employment hereunder commences or terminates he shall be entitled to such proportion of his annual holiday entitlement as the period of his employment in each such holiday year bears to one holiday year as set out in the Company’s holiday policy. Upon termination of his employment for whatever reason, he shall, if appropriate, be entitled to salary in lieu of any outstanding holiday entitlement.

Appears in 1 contract

Samples: Service Agreement (Aspen Insurance Holdings LTD)

HOLIDAYS AND HOLIDAY PAY. 8.1 9.1 In addition to public holidays in EnglandBermuda, during his employment hereunder, the Executive shall be entitled to 25 30 working days’ paid holiday per holiday year and, if applicable, such additional days as are set out in the Company’s standard terms and conditions of employment from time to time, during each holiday year to be taken at such time or times as may be agreed with the Manager. Except as otherwise provided in the Company’s holiday policy, the Executive may not carry forward any unused part of his holiday entitlement to a subsequent holiday year and the Executive shall not be entitled to any salary in lieu of untaken holiday. 8.2 9.2 For the holiday year during which the Executive’s employment hereunder commences or terminates he shall be entitled to such proportion of his annual holiday entitlement as the period of his employment in each such holiday year bears to one holiday year as set out in the Company’s holiday policy. Upon termination of his employment for whatever reason, he shall, if appropriate, be entitled to salary in lieu of any outstanding holiday entitlement.

Appears in 1 contract

Samples: Service Agreement (Aspen Insurance Holdings LTD)

HOLIDAYS AND HOLIDAY PAY. 8.1 9.1 In addition to public holidays in England, during his employment hereunder, the Executive shall be entitled to 25 30 working days’ paid holiday per holiday year and, if applicable, such additional days as are set out in the Company’s standard terms and conditions of employment from time to time, during each holiday year to be taken at such time or times as may be agreed with the Manager. Except as otherwise provided in the Company’s holiday policy, the Executive may not carry forward any unused part of his holiday entitlement to a subsequent holiday year and the Executive shall not be entitled to any salary in lieu of untaken holiday. 8.2 9.2 For the holiday year during which the Executive’s employment hereunder commences or terminates he shall be entitled to such proportion of his annual holiday entitlement as the period of his employment in each such holiday year bears to one holiday year as set out in the Company’s holiday policy. Upon termination of his employment for whatever reason, he shall, if appropriate, be entitled to salary in lieu of any outstanding holiday entitlement.

Appears in 1 contract

Samples: Service Agreement (Aspen Insurance Holdings LTD)

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