Common use of Working Hours and Holidays Clause in Contracts

Working Hours and Holidays. 15.1 The Executive shall devote the whole of his time, attention and abilities to his duties hereunder during the Company’s usual business hours and such additional hours as may from time to time be reasonably necessary for the proper performance of his duties. This may include working in the evenings outside normal office hours, at weekends or on public holidays. The Executive shall not be entitled to receive any additional remuneration for work outside the Company’s usual business hours. 15.2 The Executive hereby agrees to disapply Regulation 4 of the Working Time Regulations 1998 to the effect that the 48 hour limit on average working time will not apply in respect of his employment by the Company, subject to his right to revoke this election by 13 weeks’ notice by the Executive to the Company. 15.3 The Executive shall (in addition to normal UK public holidays) be entitled to 25 working days’ holiday at full salary in each Holiday Year during the Employment to be taken at such reasonable time or times as the Company may approve. Holiday may only be taken during the notice period if either the Company so requires or the Company has approved the holiday after notice has been served. 15.4 Holiday entitlement shall accrue pro rata during each Holiday Year. Any entitlement to holiday remaining at the end of any Holiday Year may not be carried forward to the next succeeding Holiday Year, except that with the prior written permission of the CEO up to 5 days holiday entitlement may be carried forward to the first quarter of the following year, provided that if such holiday entitlement is not used by 31 March of that following year it will be forfeited. The notice requirements in relation to statutory annual leave, as provided by Regulation 15 of the Working Time Regulations 1998 shall not apply to this Agreement. 15.5 If the Executive has holiday entitlement accrued but not taken, the Company may, in its sole discretion, require him to take some or all of his holiday entitlement during his notice period or pay him a sum in lieu of accrued holiday on termination. If, on the termination of the Employment, the Executive has exceeded his accrued holiday entitlement, this excess will be deducted from any sums due to the Executive from the Company. A day’s holiday pay for these purposes shall be 1/260 of the Executive’s annual basic salary in accordance with Clause 9.1.

Appears in 1 contract

Samples: Employment Agreement (Verona Pharma PLC)

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Working Hours and Holidays. 15.1 The Executive shall devote the whole an average of his time, attention and abilities four working days per week to his her duties hereunder during the Company’s usual business hours and such additional hours as may from time to time be reasonably necessary for the proper performance of his her duties. This may include working in the evenings outside normal office hours, at weekends or on public holidays. The Executive shall not be entitled to receive any additional remuneration for work outside the Company’s usual business hours. 15.2 The Executive hereby agrees to disapply Regulation 4 of the Working Time Regulations 1998 to the effect that the 48 hour limit on average working time will not apply in respect of his her employment by the Company, subject to his her right to revoke this election by 13 weeks’ notice by the Executive to the Company. 15.3 The Executive shall (in addition to normal UK public holidays) be entitled to 25 20 working days’ holiday at full salary in each Holiday Year during the Employment to be taken at such reasonable time or times as the Company CEO may approve. Holiday may only be taken during the notice period if either the Company so requires or the Company CEO has approved the holiday after notice has been served. 15.4 Holiday entitlement shall accrue pro rata during each Holiday Year. Any entitlement to holiday remaining at the end of any Holiday Year may not be carried forward to the next succeeding Holiday Year, except that with the prior written permission approval of the CEO Chairman up to 5 days holiday entitlement may be carried forward to the first quarter of the following year, provided that if and any such holiday entitlement is not used by 31 March of that following year it will be forfeited. The notice requirements in relation to statutory annual leave, as provided by Regulation 15 of the Working Time Regulations 1998 shall not apply to this Agreement. 15.5 If the Executive has holiday entitlement accrued but not taken, the Company may, in its sole discretion, require him her to take some or all of his her holiday entitlement during his her notice period or pay him her a sum in lieu of accrued holiday on termination. If, on the termination of the Employment, the Executive has exceeded his her accrued holiday entitlement, this excess will be deducted from any sums due to the Executive from the Company. A day’s holiday pay for these purposes shall be 1/260 1/208 of the Executive’s annual basic salary in accordance with Clause 9.1.

Appears in 1 contract

Samples: Employment Agreement (Verona Pharma PLC)

Working Hours and Holidays. 15.1 The Executive shall devote the whole of his time, attention and abilities to his duties hereunder during the Company’s usual business hours and such additional hours as may from time to time be reasonably necessary for the proper performance of his duties. This may include working in the evenings outside normal office hours, at weekends or on public holidays. The Executive shall not be entitled to receive any additional remuneration for work outside the Company’s usual business hours. 15.2 The Executive hereby agrees to disapply Regulation 4 of the Working Time Regulations 1998 to the effect that the 48 hour limit on average working time will not apply in respect of his employment by the Company, subject to his right to revoke this election by 13 weeks’ notice by the Executive to the Company. 15.3 The Executive shall (in addition to normal UK public holidays) be entitled to 25 working days’ holiday at full salary in each Holiday Year during the Employment to be taken at such reasonable time or times as the Company Board may approve. Holiday may only be taken during the notice period if either the Company so requires or the Company Board has approved the holiday after notice has been served. 15.4 Holiday entitlement shall accrue pro rata during each Holiday Year. Any entitlement to holiday remaining at the end of any Holiday Year may not be carried forward to the next succeeding Holiday Year, except that with the prior written permission of the CEO up to 5 days holiday entitlement may be carried forward to the first quarter quart of the following year, provided that ; if such holiday entitlement is not used by 31 March of that the following year it will be forfeited. The notice requirements in relation to statutory annual leave, as provided by Regulation 15 of the Working Time Regulations 1998 shall not apply to this Agreement. 15.5 If the Executive has holiday entitlement accrued but not taken, the Company may, in its sole discretion, require him to take some or all of his holiday entitlement during his notice period or pay him a sum in lieu of accrued holiday on termination. If, on the termination of the Employment, the Executive has exceeded his accrued holiday entitlement, this excess will be deducted from any sums due to the Executive from the Company. A day’s holiday pay for these purposes shall be 1/260 of the Executive’s annual basic salary in accordance with Clause 9.1.

Appears in 1 contract

Samples: Employment Agreement (Verona Pharma PLC)

Working Hours and Holidays. 15.1 The Executive shall devote the whole of his time, attention and abilities to his duties hereunder during the Company’s usual business hours and such additional hours as may from time to time be reasonably necessary for the proper performance of his duties. This may include working in the evenings outside normal office hours, at weekends or on public holidays. The Executive shall not be entitled to receive any additional remuneration for work outside the Company’s usual business hours. 15.2 The Executive hereby agrees to disapply Regulation 4 of the Working Time Regulations 1998 to the effect that the 48 hour limit on average working time will not apply in respect of his employment by the Company, subject to his right to revoke this election by 13 weeks’ notice by the Executive to the Company. 15.3 The Executive shall (in addition to normal UK public holidays) be entitled to 25 working days’ holiday at full salary in each Holiday Year during the Employment to be taken at such reasonable time or times as the Company CEO may approve. Holiday may only be taken during the notice period if either the Company so requires or the Company CEO has approved the holiday after notice has been served. 15.4 Holiday entitlement shall accrue pro rata during each Holiday Year. Any entitlement to holiday remaining at the end of any Holiday Year may not be carried forward to the next succeeding Holiday Year, except that with the prior written permission approval of the CEO up to 5 days holiday entitlement may be carried forward to the first quarter of the following year, provided that if and any such holiday entitlement is not used by 31 March of that following year it will be forfeited. The notice requirements in relation to statutory annual leave, as provided by Regulation 15 of the Working Time Regulations 1998 shall not apply to this Agreement. 15.5 If the Executive has holiday entitlement accrued but not taken, the Company may, in its sole discretion, require him to take some or all of his holiday entitlement during his notice period or pay him a sum in lieu of accrued holiday on termination. If, on the termination of the Employment, the Executive has exceeded his accrued holiday entitlement, this excess will be deducted from any sums due to the Executive from the Company. A day’s holiday pay for these purposes shall be 1/260 of the Executive’s annual basic salary in accordance with Clause 9.1.

Appears in 1 contract

Samples: Employment Agreement (Verona Pharma PLC)

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Working Hours and Holidays. 15.1 The Executive shall devote the whole of his time, attention and abilities to his duties hereunder during the Company’s usual business hours and such additional hours as may from time to time be reasonably necessary for the proper performance of his duties. This may include working in the evenings outside normal office hours, at weekends or on public holidays. The Executive shall not be entitled to receive any additional remuneration for work outside the Company’s usual business hours. 15.2 The Executive hereby agrees to disapply Regulation 4 of the Working Time Regulations 1998 to the effect that the 48 hour limit on average working time will not apply in respect of his employment by the Company, subject to his right to revoke this election by 13 weeks’ notice by the Executive to the Company. 15.3 The Executive shall (in addition to normal UK public holidays) be entitled to 25 working days’ holiday at full salary in each Holiday Year during the Employment to be taken at such reasonable time or times as the Company Board may approve. Holiday may only be taken during the notice period if either the Company so requires or the Company Board has approved the holiday after notice has been served. 15.4 Holiday entitlement shall accrue pro rata during each Holiday Year. Any entitlement to holiday remaining at the end of any Holiday Year may not be carried forward to the next succeeding Holiday Year, except that with the prior written permission of the CEO up to 5 days holiday entitlement may be carried forward to the first quarter of the following year, provided that if such holiday entitlement is not used by 31 March of that following year it will be forfeited. The notice requirements in relation to statutory annual leave, as provided by Regulation 15 of the Working Time Regulations 1998 shall not apply to this Agreement. 15.5 If the Executive has holiday entitlement accrued but not taken, the Company may, in its sole discretion, require him to take some or all of his holiday entitlement during his notice period or pay him a sum in lieu of accrued holiday on termination. If, on the termination of the Employment, the Executive has exceeded his accrued holiday entitlement, this excess will be deducted from any sums due to the Executive from the Company. A day’s holiday pay for these purposes shall be 1/260 of the Executive’s annual basic salary in accordance with Clause 9.1.

Appears in 1 contract

Samples: Employment Agreement (Verona Pharma PLC)

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