Vacation Leave and Paid Time Off Sample Clauses

Vacation Leave and Paid Time Off. Executive will be entitled to paid vacation time each year during the Term measured on a calendar year basis, in accordance with the Bank’s customary practices, as well as sick leave, holidays and other paid absences in accordance with the Bank’s policies and procedures for officers, provided, however, that Executive shall be entitled to no more than 25 working days for paid vacation or paid time off days each calendar year (excluding bank holidays). Any unused paid time off during an annual period will be treated in accordance with the Bank’s personnel policies as in effect from time to time.
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Vacation Leave and Paid Time Off. The DDA will not provide Employee with any Vacation Leave. The DDA will, however, provide the Employee with Paid Time Off (“PTO”) pursuant to the following: a. On April 1, 2019, Employee shall be credited with eighty (80) hours of PTO at the beginning of each fiscal year of the DDA until this Agreement terminates pursuant to its terms as set forth in Section 13 of this Agreement, is terminated by the DDA pursuant to Section 3 of this Agreement or is terminated by the Employee pursuant to Section 4 of this Agreement. b. PTO may be used for vacation, sick leave, medical appointments, family illness or any other leave of absence.
Sample 1
Vacation Leave and Paid Time Off. All accrued unused vacation leave, sick-leave days and paid time off with respect to former employees of Sellers who are employed by Purchasers to the extent included in Net Working Capital. Purchasers shall permit former employees of Sellers to use (or be paid the vested portions of) such accrued unused vacation leave, sick-leave days and paid time off on substantially the same terms and conditions as such employees are permitted to use (or be paid the vested portions of) them while employed by Sellers, provided that nothing shall prevent Purchasers from debiting vacation, sick-leave and paid time off taken by employees against amounts accumulated prior to Closing before debiting them against amounts that shall continue to accumulate in the normal course of Purchasers' business after Closing.
Sample 1

Related to Vacation Leave and Paid Time Off

  • Vacation and Paid Time Off The Executive shall be entitled to vacation and paid time off in accordance with the standard policies of the Company for executives as in effect from time to time.

  • Vacation; Paid Time Off During the Employment Term, the Executive shall be entitled to paid vacation in accordance with the Company’s vacation policies, as in effect from time to time. The Executive shall receive other paid time-off in accordance with applicable law and the Company’s policies for executive officers as such policies may exist from time to time.

  • Vacation Leave 11.1 Employees will retain and carry forward any eligible and unused vacation leave that was accrued prior to the effective date of this Agreement.

  • Vacation Leave Accrual ‌ After a full-time employee has been in pay status for eighty (80) non-overtime hours in a calendar month, the employee will accrue vacation leave according to the rate schedule below. Vacation leave accrual for part-time employees will be proportionate to the number of hours the part-time employee is in pay status during the month to that required for full-time employment.

  • Vacation Leave Maximum Employees may accumulate maximum vacation leave balances not to exceed two hundred and forty (240) hours. However, there are two (2) exceptions that allow vacation leave to accumulate above the maximum: A. If an employee’s request for vacation leave is denied by the Employer, and the employee is close to the vacation leave maximum, the Employer will grant an extension for each month that the Employer must defer the employee’s request for vacation leave. B. An employee may also accumulate vacation leave days in excess of two hundred and forty (240) hours as long as the employee uses the excess balance prior to the employee’s anniversary date. Any leave in excess of the maximum that is not deferred in advance of its accrual as described above, will be lost on the employee’s anniversary date.

  • Vacation; Sick Leave During the Employment Term, the Executive shall be entitled to not less than four (4) weeks of vacation during each calendar year and sick leave in accordance with the Company’s policies and practices with respect to its executives.

  • Recall from Vacation Leave When during any period of vacation leave an employee is recalled to duty, he shall be reimbursed for reasonable expenses, as normally defined by the Employer, that he incurs:

  • VACATION LEAVE WITH PAY 14.01 The vacation year shall be from April 1st of one calendar year to March 31st of the following calendar year inclusive.

  • Paid Time Off The Executive shall be entitled to take paid time off in accordance with the Company’s applicable paid time off policy for executives, as may be in effect from time to time.

  • Annual Vacation Leave 33.01 An Employee shall not take vacation leave without prior authorization from the Employer. 33.02 Vacation entitlements with pay, shall be as follows: (a) an Employee who has completed less than twelve (12) full months' service as of December 31st, shall receive one and one-quarter (1 1/4) work days' vacation for each calendar month worked from the commencement of service, provided that when employment has commenced on or before the fifteenth (15th) day of any month, vacation entitlements shall be earned from the first (1st) day of that month, and when employment has commenced on or after the sixteenth (16th) day of any month vacation entitlements shall be earned from the first day of the following month; (b) an Employee who has completed twelve (12) full calendar months' service as of December 31st, shall receive fifteen (15) work days' vacation; (c) an Employee who has completed five (5) years' service as of December 31st shall in the subsequent year(s) receive twenty (20) work days' vacation; (d) an Employee who has completed thirteen (13) years' service as of December 31st shall in the subsequent year(s) receive twenty-five (25) work days' vacation; (e) an Employee who has completed twenty-one (21) years' service as of December 31st shall in the subsequent year(s) receive thirty (30) work days' vacation; (f) an Employee who has completed thirty (30) years' service as of December 31st shall in the subsequent year(s) receive thirty-five (35) work days vacation. 33.03 All calculations which result in one quarter (1/4) or three quarters (3/4) work day fractions shall be rounded out to the next one half (1/2) or full day, whichever applies; except when vacation pay is paid out upon termination pursuant to Clause 33.11. 33.04 If a paid holiday falls during an Employee's annual vacation period, the Employee shall be granted an equivalent day of vacation credit. 33.05 An Employee shall earn vacation leave pursuant to Clause 33.02 when authorized the following absences: (a) financially assisted Education Leave; (b) sick leave or Workers' Compensation for the first forty-four (44) consecutive work days; (c) any other authorized leave of absence with pay for the first twenty-two (22) work days. 33.06 Vacation leave may be taken in one continuous period or in separate periods. 33.07 Except as is otherwise provided herein, vacation leave in respect of each year of service shall be taken: (a) within twelve (12) months after the end of that year; and (b) at such time or times as may be approved by the Employer; or with the approval of the Employer, before the end of that year. 33.08 Notwithstanding the: (a) other provisions of this Article, and subject to operational requirements, an Employee who so requests may be authorized to take vacation leave which has been earned at a specified time within the year in which it was earned, and the vacation leave to be taken by the Employee in the following year shall be correspondingly reduced. (b) where a terminated Employee has taken more vacation than they are entitled, the Employer is authorized to recover the monies from the Employee’s final pay cheque. 33.09 Where an Employee is allowed to take any leave of absence, other than sick leave, in conjunction with a period of vacation leave, the vacation leave shall be deemed to precede the additional leave of absence, except in the case of maternity leave which may be authorized before or after vacation leave. 33.10 Once vacations are authorized they shall not be changed, other than in cases of emergency, except by mutual agreement. 33.11 An Employee shall not be paid cash in lieu of vacation earned but not taken, except upon termination, when the Employee shall be paid in cash for the total vacation entitlement standing to the Employee's credit at the termination date. 33.12 The Employer shall, subject to operational requirements make every reasonable effort to grant an Employee, upon request, at least two (2) weeks of annual vacation entitlement during the summer months.

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