Vacation pay, vacation compensation, etc Sample Clauses

Vacation pay, vacation compensation, etc. The vacation pay is the current monthly salary at the time of the vacation plus a vacation supplement. The vacation supplement for each paid vacation day is 0.8% of the salaried employee’s fixed monthly salary current at the time the vacation is taken plus any fixed monthly salary supplements. - Regarding the term changed degree of employment, see
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Related to Vacation pay, vacation compensation, etc

  • 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.

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