Accrued Vacation Pay definition

Accrued Vacation Pay means an amount equal to the value of the Executive’s accrued and unused paid vacation leave through the Termination Date determined at the Highest Base Salary Rate.

Accrued Vacation Pay means the amount of salaries and wages which the Employees are entitled to receive (including all employment taxes with respect thereto) for any personal time off for vacation accrued by such Employees as of the time in question (computed at the rate of the salaries and wages earned by such Employees as of the time in question), but expressly excluding any Accrued PTO.

Accrued Vacation Pay means all accrued vacation pay as of the Closing Date of each of Seller's employees as provided in Seller's related Employee Benefit Plan.

Examples of Accrued Vacation Pay in a sentence

• Accrued Vacation Pay will be paid on the last paycheck provided the employee gives a written separation notice to his/her immediate supervisor and the Human Resources Department at least ten (10) working days prior to his/her last day of work.

• No transfer of funds shall be made from any activity, including the Provision for Salary Adjustments and Accrued Vacation Pay activity, unless such transfer complies with the requirements set forth in ROH Section 2-17.2(c).

• Though AIC included in rate base ADIT on Vacation Pay, CUB claims AIC did not properly take Accrued Vacation Pay into account in determining rate base.

• Accrued Vacation Pay LiabilityOverland recommends that carry-over vacation pay – vacation pay accrued by employees in prior years – be deducted from rate base.

• If an employee's vacation balance exceeds twice the amount of vacation he would earn in a year, the employee will lose any days beyond this amount.Payment of Accrued Vacation Pay: Any regular employee who is laid-off, retires, or resigns is entitled to receive accrued vacation pay prorated to the date when active employment ceases.

More Definitions of Accrued Vacation Pay

Accrued Vacation Pay means the obligation of the Company to its employees for accrued vacation pay through the Closing Date.

Accrued Vacation Pay means any accrued holiday, vacation and sick pay payable incurred by Seller included in account 2001-244 (Accrued Holiday/Vacation/Sick Pay) on the Seller Balance Sheet or Seller’s Books and Records to the extent such accrued holiday, vacation and sick pay has been included therein in conformity with GAAP applied on a basis consistent with the Reference Balance Sheet.

Accrued Vacation Pay means, with respect to an Employee, the compensation received at his Severance from Service for unused accrued vacation pursuant to the Employer's applicable policy.

Accrued Vacation Pay means, with respect to an Exempt Employee or a Non-Exempt Employee, the compensation received at his Severance from Service for unused accrued vacation pursuant to the Employer's applicable policy.

Accrued Vacation Pay. You will receive vacation pay accrued through 17 August 2009. This will be included in your 4 September 2009 paycheck.

Accrued Vacation Pay means the sum of $23,160.60 representing the obligation for drivers' vacation pay as of April 30, 1995 assumed by Purchaser under Section 4.3.1.

Accrued Vacation Pay. You will receive vacation pay accrued through July 7, 2006. This will be included in your final paycheck. Medical Benefits: Your medical benefits will continue until midnight on your Official Termination Date. Under federal law, you are entitled to continue your medical coverage through COBRA for a limited additional period. EXX agrees to reimburse you for your wife's COBRA premiums, less the amount you would normally pay for your contribution, thru December 2007 after your Official Termination Date. The premiums that EMS pays for your coverage will be considered taxable income and you will be responsible for paying any taxes due on that amount. Your participation in the executive medical reimbursement, Boston Mutual, will end effect December 31, 2006.