Vacation and Sick Leave Benefits. Executive shall be entitled to accrue eighteen (18) days of paid vacation annually. While Employer encourages Executive to take vacation, if he does not use all vacation accrued in each calendar year, Executive may carry it over from year to year; provided, however, that the maximum accrual of Executive’s vacation shall be capped at two times the annual accrual rate. Once the cap is reached, Executive shall no longer accrue vacation until such time as he uses accrued vacation and his accrued and unused vacation days fall below the cap, at which time he will again begin to accrue vacation at the appropriate accrual rate. Any vacation benefit granted or paid to Executive is based solely on his Base Salary. Executive shall be entitled to sick leave in accordance with Employer’s sick leave policy, as amended from time to time.
Vacation and Sick Leave Benefits. From and after the Effective Time of the Closing, Purchaser shall grant all Hired Employees credit for Seller Service (to the same extent such service with Purchaser is taken into account with respect to similarly situated employees of Purchaser) for purposes of determining Hired Employees' eligibility to participate in and receive benefits under the Purchaser's vacation, sick leave and other similar plans.
Vacation and Sick Leave Benefits. Company-paid vacation and sick leave will be governed by the Employee Handbook.
Vacation and Sick Leave Benefits. Company-paid vacation and sick leave will be governed by the Employee Handbook. In accordance with the terms of the Employee's offer letter, Employee will initially be eligible for 3 weeks per year, accrued monthly.
Vacation and Sick Leave Benefits. Fringe benefits are a direct cost to a sponsored project. The University’s fringe rates are negotiated with its cognizant agency (DHHS) and are part of the University’s F&A Cost Rate Agreement. Rates beyond August 31, 2024 are estimates and are provided for budgeting purposes. If fringe rate straddles fiscal years, fringe rate will be averaged and will be charged at the applicable rate at the time the cost is incurred. Approved Projections for Planning Purposes FY24 FY25 FY26 FY27 FY28 Full- and part-time 26.1% 27.0% 27.5% 28.0% 28.5% Graduate students 16.4% 15.4% 15.9% 16.4% 16.9% Ineligible 7.2% 6.4% 6.4% 6.4% 6.4% Additional fringe benefit rate information can be found at xxxxx://xxxxxxxx.xxxxxx.xxx/resources/ grant-management-services/budgeting Note: per the attached current rate agreement, the FY fringe rate is approved at 27%. Docusign Envelope ID: D8F199C3-312A-464A-ACC5-B9D24CBC12EC Travel in this project only includes trips in the Austin area from the Bureau to RRC for project meetings, log pickup, and data transfer. Travel costs are determined by federal and state rates that were approved at the time the budget was created for mileage, per diem, and airfare. Airfare, mileage, in-state and out of state per diem are based on FY24 approved reimbursement rate that can be found here: xxxxx://xxx.xxx.xxxxx.xxx/fmx/travel/textravel/rates/current.php The Bureau’s administrative cost rate is 17% of the total direct costs on projects with a reduced UT indirect cost rate. This category includes all expendable supplies for research activities as well as photocopying, report preparation expenses, long distance and cell telephone charges, and other standard office expenses related to this project’s report production or office administration specific to this project. Estimates are based upon past experience and actual expenses as incurred will be charged. Researchers utilize existing computer systems that include a variety of Windows and LINUX workstations, UNIX workstations, mass storage devices, printers and plotters. Separate rates approved by the University are charged for connect time, processing time, and printing. PC usage is based on fixed monthly rates of $300/month, approved by the University business office. Computer charges in the budget were computed by the total funded personnel effort months plus personnel effort contributed multiplied by $300 per month. The indirect cost rate of 15% of modified total direct costs is based on the state-agreed rat...
Vacation and Sick Leave Benefits. With respect to any accrued but unused vacation time to which any Transferred Employee is entitled pursuant to the vacation policy applicable to such Transferred Employee immediately prior to the Closing Date, the Buyer shall, to the extent permitted by applicable Law, assume the liability for such accrued vacation and allow such Transferred Employee to use such accrued vacation to the extent such Transferred Employee would have been entitled to such accrued vacation based on his level and years of service under the vacation policy of the Buyer Group in effect as of the Closing Date as if such Transferred Employee had been employed by the Buyer during such Transferred Employee’s employment with the Seller; provided, however, that if the Transferred Employee’s accrued vacation is greater than the amount of vacation to which such Transferred Employee would have been entitled under the Buyer Group’s vacation policy, the Buyer shall pay to such Transferred Employee within 90 days of the Closing Date an amount in cash equal to the difference.
Vacation and Sick Leave Benefits. Company-paid vacation and sick leave will be as per the Employee's offer letter.
