Vacation and Sick Pay Liabilities. On and after the Closing Date, ILG shall provide the Vistana Employees with the same vested and unvested balances of vacation and sick leave as credited to the Vistana Employees on Starwood’s or its Affiliate’s payroll system immediately prior to the Closing Date. On and after the Closing Date, ILG shall continue to accrue vacation and sick leave in respect of each Vistana Employee according to Starwood’s accrual schedule as in effect immediately prior to the Closing Date.
Appears in 5 contracts
Samples: Employee Matters Agreement, Employee Matters Agreement (Interval Leisure Group, Inc.), Separation Agreement (Starwood Hotel & Resorts Worldwide, Inc)
