Vacation Option Sample Clauses

Vacation Option. Vacation may be taken as part of a maintenance shutdown.
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Vacation Option. Any person retiring may, in the school year of retirement, have the choice of taking their earned vacation time in days off, or receiving a lump-sum payment for such time.
Vacation Option. Employees who are absent on sick leave for a period in excess of their accrued sick leave may use accrued vacation leave to cover such time off provided, however, the Director may deny such request in specific circumstances where an employee has reoccurring short term absences beyond his/her accrual. At the option of the employee, forty (40) hours of vacation may be retained prior to being placed on leave without pay. Vacation or other paid leaves will not be periodically substituted as a means to continue eligibility for employer paid benefit coverage.
Vacation Option. Employees with greater than one (1) but less than three (3) years of employment will have the option of having two (2) weeks vacation and eight (8) sick days, annually, or one (1) week's vacation and ten (10) sick days annually.
Vacation Option. The purpose of this letter is to recognize options in taking vacation entitlement.
Vacation Option. This season we are offering a vacation option when you purchase your membership share. You can sign up for the full 18 weeks, but only pay for and pick up 16 boxes. This gives you the ability to take two vacation weeks during our CSA season without having to organize a substitute to pick up your box for you. We ask for 48hrs notice if you are not going to pick up a box, that way we do not harvest and pack one for you.

Related to Vacation Option

  • Termination Option Provided Tenant is the originally named Tenant, Tenant is neither in monetary default of this Lease on the Termination Date (as defined below) nor has there previously been an Event of Monetary Default, and this Lease is in full force and effect, Tenant shall have the right to terminate this Lease effective at 11:59 p.m. on the Termination Date, in accordance with and subject to each of the following terms and conditions (“Termination Option”). The “Termination Date” shall mean the last day of the 40th full calendar month after the Commencement Date. If Tenant desires to exercise the Termination Option, Tenant shall give to Landlord irrevocable written notice of Tenant’s exercise of the Termination Option (“Termination Notice”), together with the Termination Payment (as defined below). The Termination Notice and the Termination Payment shall be received by Landlord no later than the date that is 9 months prior to the Termination Date, failing which the Termination Option shall be deemed waived (provided Landlord reserves the right to waive in writing the requirement that Tenant fully and/or timely pay the Termination Payment). The “Termination Payment” shall equal the sum of: (A) the unamortized (amortized on a straight-line basis with interest at 10%): (i) brokerage commissions and attorneys’ fees paid by Landlord in connection with this Lease; (ii) rent concessions; and (iii) total cost incurred by Landlord for improvements, including the Leasehold Improvements, to the Premises in connection with this Lease. Tenant acknowledges and agrees that the Termination Payment is not a penalty and is fair and reasonable compensation to Landlord for the loss of expected rentals from Tenant. The Termination Payment shall be payable by wire transfer or cashier’s check. Time is of the essence with respect to the dates and deadlines set forth herein. Notwithstanding the foregoing, if at any time during the period on or after the date of the Termination Notice, up to and including the Termination Date, Tenant shall be in default of this Lease, then Landlord may elect, but is not obligated, by written notice to Tenant to cancel and declare null and void Tenant’s exercise of the Termination Option, in which case this Lease shall continue in full force and effect for the full Term unaffected by Tenant’s exercise of the Termination Option. If Tenant timely and properly exercises the Termination Option in accordance with this paragraph and Landlord has not negated the effectiveness of Tenant’s exercise of the Termination Option pursuant to the preceding sentence, this Lease and the Term shall come to an end on the Termination Date with the same force and effect as if the Term were fixed to expire on such date, the Expiration Date shall be the Termination Date, and the terms and provisions of Section 18 shall apply.

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