Vacation Pay/Paid Time Off Sample Clauses

Vacation Pay/Paid Time Off. Energizer and the Energizer Group ----------------------------- will assume (or, as applicable, retain) all liability for unpaid vacation pay and other paid time off accrued by Energizer Employees and Former Energizer Employees prior to the Distribution Date. On and after the Distribution Date, Xxxxxxx and the Xxxxxxx Group will have no liability for vacation pay or other paid time off for Energizer Employees and Former Energizer Employees. Xxxxxxx and the Xxxxxxx Group will retain (or, as applicable, assume) all liability for unpaid vacation pay and other paid time off accrued by Xxxxxxx Employees and Former Xxxxxxx Employees prior to the Distribution Date. After the Distribution Date, Energizer and the Energizer Group will have no liability for vacation pay or other paid time off for Xxxxxxx Employees and Former Xxxxxxx Employees.
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Vacation Pay/Paid Time Off. As of the Distribution Date, the SpinCo Group shall recognize all of the Transferred Individuals' accrued and unused vacation benefits consistent with the terms of the vacation policies of Parent applicable to the Transferred Individuals as is in effect on the Distribution Date and shall assume or retain liability for all unpaid vacation pay, sick pay, and personal leave accrued by Transferred Individuals as of the Distribution Date.
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Vacation Pay/Paid Time Off. As of the Distribution Date, the Xxxxxx Group shall recognize all the Active Zimmer Employees' accrued and unused vacation benefits consistent with the terms of the vacation policies of Xxxxxxx-Xxxxx Squibb applicable to the Active Zimmer Employees as is in effect on the Distribution Date and shall assume or retain Liability for all unpaid vacation pay, sick pay and personal leave accrued by Active Zimmer Employees as of the Distribution Date.
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Vacation Pay/Paid Time Off. Effective as of the -------------------------- Closing Date, Seller shall assume Liability for all unpaid vacation pay and paid time off earned or accrued by the Transferred Employees prior to and on the Closing Date and the Final Working Capital shall be adjusted to reflect the reduction of such liabilities, notwithstanding anything herein to the contrary. As of the Closing Date, neither Purchaser nor Xxxxxxx XX shall have any Liability for such vacation pay or paid time off for such Transferred Employees.
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Vacation Pay/Paid Time Off. Vulcan will pay each Transferred Business Employee for any and all accrued but unused vacation and paid time off to which he or she is entitled effective as of his or her Employment Date. Non-represented Transferred Business Employees will be eligible to earn and take vacation benefits under Purchaser's policy commencing on their respective Employment Dates (taking into account SECTION 10.1(e)). Represented Transferred Business Employees will be eligible to earn and take vacation benefits consistent with the terms of the applicable collective bargaining agreement commencing on their respective Employment Dates (taking into account SECTION 10.1(e)).
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Related to Vacation Pay/Paid Time Off

  • Vacation; Paid Time Off During the Employment Term, the Executive shall be entitled to fifteen (15) paid vacation days per calendar year (prorated for partial years) in accordance with the Company’s vacation policies, as in effect from time to time that is at least as favorable as that provided to other similarly situated executives of the Company. The Executive shall receive other paid time-off in accordance with the Company’s policies for executive officers as such policies may exist from time to time.

  • 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.

  • Vacation Pay In consideration of all payments made by the Company to the Executive pursuant to this Agreement, the Executive hereby waives any claim he may have for accrued and unpaid vacation pay as of the Termination Date.

  • Time Off During the Term, Executive shall be entitled to vacation consistent with Company practice and policy for executive-level employees, but not less than five (5) weeks of vacation per year. In addition, Executive shall be entitled to those paid holidays granted to Company employees while Executive is employed.

  • 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.

  • Accrued Salary and Paid Time Off On the Separation Date, the Company will pay you all accrued salary, and all accrued and unused vacation earned through the Separation Date, subject to standard payroll deductions and withholdings. You are entitled to these payments by law.

  • 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.

  • Accrued Vacation The Executive will receive payment for accrued but unused vacation, which payment will be equitably prorated based on the period of active employment for that portion of the fiscal year in which the Executive’s termination of employment becomes effective. Payment for accrued but unused vacation will be payable in one lump sum on the effective date of the termination of employment (or as soon thereafter as practicable).

  • Vacation During the Employment Period, the Executive shall be entitled to paid vacation in accordance with the most favorable plans, policies, programs and practices of the Company and its affiliated companies as in effect for the Executive at any time during the 120-day period immediately preceding the Effective Date or, if more favorable to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies.

  • Paid Vacation The Executive shall be entitled to paid vacation days in accordance with the Company’s vacation policies in effect from time to time for its executive team; provided, however, that the Executive shall be entitled to no less than fifteen (15) paid vacation days per calendar year during the Term.

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