Vacation Pay Policy Sample Clauses

Vacation Pay Policy. Company shall assume liability for accrued but unpaid vacation of Affected Business Employees, determined under generally accepted accounting principles consistently applied, as of the Effective Date. After the Effective Date, it is expected that Company shall maintain for its employees a vacation pay policy, and Company shall be responsible for costs incurred to provide vacation pay to Company employees following such date. Periods of employment by Affected Business Employees with the FDC Group prior to the Effective Date shall be taken into account under Company's vacation pay policy for purposes of determining the amount of vacation to which such employees are entitled.
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Vacation Pay Policy. After the Distribution Date, it is expected ------------------- that Edwards shall maintain for its employees and employees of its Subsidiaries a vacation pay policy, and Edwards (or the applicable Edwards Subsidiary) shall be responsible for costs incurred to provide vacation pay to Edwards Employees following such date. Edwards (or the applicable Edwards Subsidiary) shall assume any and all Baxter Liabilities to provide to Edwards Employees vacation that such persons accrued under the Baxter vacation pay policy as of the Distribution Date, and no payment of such accrued vacation pay shall be made by Baxter (or the applicable subsidiary) on the Distribution Date.
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Vacation Pay Policy. After the Closing Date, it is expected that Xxxxxxx ------------------- Optionholder shall maintain for its employees a vacation pay policy, and Xxxxxxx Optionholder shall be responsible for costs incurred to provide vacation pay to Transferred Employees following such date. Xxxxxxx Optionholder shall assume any and all Xxxxxx Japan Liabilities to provide to Transferred Employees vacation that such persons accrued under the Xxxxxx Japan vacation pay policy as of the Closing Date, and no payment of such accrued vacation pay shall be made by Xxxxxx Japan on the Closing Date.
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Vacation Pay Policy. After the Effective Date, Consulting and its Subsidiaries shall maintain for the Consulting Employees a vacation pay policy and Consulting shall be responsible for costs incurred to provide vacation pay to employees of Consulting following such date. Consulting shall assume any and all KPMG liabilities to provide to Consulting Employees who immediately before the Effective Date were employees of KPMG or any Benefit Subsidiary, vacation which such persons accrued under the KPMG vacation pay policy as of the Effective Date, and no accrued vacation shall be payable by KPMG (or its Benefit Subsidiaries) on or after the Effective Date. Consulting acknowledges that Consulting Employees who immediately before the Effective Date were partners or principals of KPMG may be entitled to unused vacation under KPMG’s vacation policy for which no liability has been accrued by KPMG and it is expected that Consulting shall credit such Consulting Employees with such unused vacation under Consulting’s vacation pay policy.
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Vacation Pay Policy. After the Bunkatsu Date, it is expected that ELL shall maintain for its employees a vacation pay policy, and ELL shall be responsible for costs incurred to provide vacation pay to Transferred Employees following such date. ELL shall assume any and all BKK Liabilities to provide to Transferred Employees vacation that such persons accrued under the BKK vacation pay policy as of the Bunkatsu Date, provided, however, that any such accrued vacation is properly reflected on the books and records of BKK in accordance with Japan GAAP. BKK shall not be obligated to pay for any such accrued vacation pay.
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Vacation Pay Policy. After the Spin-Off Date, it is expected that Allegiance shall maintain for its employees and employees of its Subsidiaries a vacation pay policy and Allegiance (or the applicable Allegiance Subsidiary) shall be responsible for costs incurred to provide vacation pay to employees of Allegiance and its Subsidiaries following such date. Allegiance (or the applicable Allegiance Subsidiary) shall assume any and all Xxxxxx liabilities to provide to Allegiance Employees vacation which such persons accrued under the Xxxxxx vacation pay policy as of the Spin-Off Date, and no payment of such accrued vacation pay shall be made by Xxxxxx (or the applicable subsidiary) on the Spin-Off Date.
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Vacation Pay Policy. After the Effective Date, Consulting and its Subsidiaries shall maintain for the Consulting Employees a vacation pay policy and Consulting
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Related to Vacation Pay Policy

  • 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.

  • Benefits; Vacation Employee shall be eligible to receive all benefits as are available to similarly situated employees of Employer generally, and any other benefits that Employer may, in its sole discretion, elect to grant to Employee from time to time. In addition, Employee shall be entitled to four (4) weeks paid vacation per year, which shall be pro-rated for the first partial year of employment and shall accrue in accordance with Employer’s policies applicable to similarly situated employees of Employer.

  • Vacation; Benefits During the Term, the Executive shall be eligible for 20 vacation days annually, which shall be accrued and used in accordance with the applicable policies of the Company. During the Term, the Executive shall be eligible to participate in such medical, dental and life insurance, retirement and other plans as the Company may have or establish from time to time on terms and conditions applicable to other senior executives of the Company generally. The foregoing, however, shall not be construed to require the Company to establish any such plans or to prevent the modification or termination of such plans once established.

  • Standard Company Benefits Executive shall be entitled to participate in all employee benefit programs for which Executive is eligible under the terms and conditions of the benefit plans that may be in effect from time to time and provided by the Company to its employees. The Company reserves the right to cancel or change the benefit plans or programs it offers to its employees at any time.

  • Long-term Incentive Compensation Programs During the Employment Period, the Executive shall participate in all long-term incentive compensation programs (including, without limitation, programs providing for the grant of stock options and other equity-based awards) for key executives at a level that is commensurate with the Executive's participation in such plans immediately prior to the Effective Date, or, if more favorable to the Executive, at the level made available to the Executive or other similarly situated officers at any time thereafter.

  • Separation Pay and Benefits Specifically in consideration of your signing this Agreement and subject to the limitations, obligations, and other provisions contained in this Agreement, the Company agrees as follows:

  • Long-Term Incentive Compensation Subject to the Executive’s continued employment hereunder, the Executive shall be eligible to participate in any equity incentive plan for executives of the Firm as may be in effect from time to time, in accordance with the terms of any such plan.

  • Short-Term Incentive Compensation In addition to the foregoing Base Salary, the Executive shall be eligible during the Term to receive cash short-term incentive compensation, determined and payable in the discretion of the Compensation Committee of the Board. At least annually, the Compensation Committee shall consider awarding short-term incentive compensation to the Executive.

  • Compensation Recovery Policy Executive acknowledges and agrees that, to the extent the Company adopts any claw-back or similar policy pursuant to the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act or otherwise, and any rules and regulations promulgated thereunder, he or she shall take all action necessary or appropriate to comply with such policy (including, without limitation, entering into any further agreements, amendments or policies necessary or appropriate to implement and/or enforce such policy with respect to past, present and future compensation, as appropriate).

  • Compensation/Benefit Programs During the Term of Employment, the Executive shall be entitled to participate in all medical, dental, hospitalization, accidental death and dismemberment, disability, travel and life insurance plans, and any and all other plans as are presently and hereinafter offered by the Company to its executive personnel, including savings, pension, profit-sharing and deferred compensation plans, subject to the general eligibility and participation provisions set forth in such plans.

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