Accrued Vacation definition

Accrued Vacation. Policy: Director Level and Above

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Accrued Vacation shall have the meaning set forth in Section 7.5.

Accrued Vacation means the vacation time (i.e., the number of weeks or days) a pilot is 8 accumulating in a vacation year for use in the next vacation year. The accrual rate for 9 such vacation is determined by the number of years of continuous employment the pilot 10 completed before April 1st of the vacation year.

Examples of Accrued Vacation in a sentence

• Out of Accrued Vacation at Commencement of Leave Employees called into active military service (other than temporary military service) shall, following their qualifying year of service for vacation, continue to accrue vacation during their military service, subject to the same maximum accrual requirements as active City employees.

• Purchaser shall (i) honor and credit each Employee’s unused accrued or earned vacation, sick-time-off or other paid time off of any Employee and (ii) be responsible for the payment of such Accrued Vacation Pay to the Employees (to the extent Purchaser received a credit therefor) when payable in accordance with applicable Legal Requirements.

• Purchaser shall receive a credit in an amount equal to one hundred percent (100%) of the Accrued Vacation Pay as of the Cut-Off Time of all Employees.

• All Compensation due and payable to Employees shall be prorated as of the Cut Off Time, other than Accrued Vacation Pay (which is addressed in Section 7.1(g) above).

• Employees can “cash-in” up to forty (40) hours/year vacation after ten (10) years of full-time continuous service and 240 hours accrued vacation per the terms of County policy 306 “Cash for Accrued Vacation Leave”.

More Definitions of Accrued Vacation

Accrued Vacation is defined in Section 6.2(d).

Accrued Vacation has the meaning set forth in Section 3.23(a).

Accrued Vacation means the value of vacation accrued by each employee based upon the number of working days worked by such employee between January 1, 2019 and the Closing Date. 2019 Accrued Vacation shall accrue on a prorata basis based upon the number of days worked prior to the Closing Date as compared to the total number of working days in Calendar Year 2019. The value of 2018 Earned Vacation and 2019 Accrued Vacation shall be calculated by multiplying the number of hours earned or accrued, as applicable, by such employee’s base hourly rate.

Accrued Vacation means the aggregate dollar amount of vacation time accrued on the books and records of Seller in accordance with GAAP, on a basis consistent with past practices, for the Subject Restaurant Employees who begin employment with Buyer as of the Closing Date.

Accrued Vacation means all vacation and paid time-off days that were, consistent with the Seller’s past practice, earned by Transferred Employees and accrued on the Financial Statements in respect of the period beginning on January 1, 2012 and ending on the Closing Date.

Accrued Vacation means that entitlement accruing to an employee’s credit during the current vacation year.

Accrued Vacation means all Liability for Transferred Employees for accrued vacation as of the Closing Date determined in accordance with the Closing Account Principles.