HOLIDAYS AND OTHER PAID LEAVE. 8.1 The Executive is entitled to 28 days’ paid holiday each year and paid time off for the eight public holidays normally observed in England. The Company’s holiday year is from 1 January to 31 December each year. In respect of any part year worked, holiday entitlement will accrue in accordance with the UK Holiday Policy as amended from time to time. 8.2 The Executive may carry forward accrued holiday in accordance with the Company rules on banking of holidays outlined in its UK Holiday Policy, as amended from time to time. Any holiday which is not banked in accordance with these rules will be lost. 8.3 The Executive will take his holiday at such times as are agreed with, or required by the Company. If requested the Executive will take all or part of any accrued untaken holiday during his notice period. 8.4 On termination of Employment the Executive will as appropriate be paid in lieu of any accrued but untaken holiday or will repay to the Company any sums paid for any holiday taken in excess of his accrued entitlement. The Company may withhold any such sums from any payments due to the Executive from the Company or any Associated Company. The calculation for the payment or repayment (as appropriate) shall be made by reference to 1/260 of the Executive’s annual Basic Salary for each day’s holiday.
Appears in 4 contracts
Samples: Service Agreement (Haleon PLC), Service Agreement (Haleon PLC), Service Agreement (Haleon PLC)