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

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.

Examples of Accrued Vacation Pay in a sentence

• Notwithstanding the foregoing, to the extent required pursuant to any applicable Legal Requirements, at Closing, Seller shall cause Manager to pay to the Employees an amount equal to the unpaid Accrued Vacation Pay for each applicable Employee.

• 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).

• 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.

• 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.

• 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.

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 the monetary value of any vacation days, sick-leave or other paid time-off earned and accrued by the Employees as of the time in question (computed by reference to, as applicable, the rate of the salaries and wages earned by such Employees as of the Closing Date), under Manager Employer's employment policies that would be required to be paid out to upon a termination of such Employee.

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 means the Compensation which the Employees are entitled to receive for any vacation days accrued by such Employees as of the time in question (computed at the rate of Compensation earned by such Rehired Employees as of the time in question).

Accrued Vacation Pay. The monetary value of any vacation days, sick-leave or other paid time-off earned and accrued by the Employees as of the time in question (computed by reference to, as applicable, the rate of the salaries and wages earned by such Employees as of the time in question), under Manager’s employment policies (including all employment taxes with respect thereto).