Annual Vacation Days definition

Annual Vacation Days. As determined by management in consultation with the Board of Directors of the Company but no less than the minimum required by law.
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Examples of Annual Vacation Days in a sentence

  • Employees on a compressed work week will have their vacation accrual based on the Percentage versus Annual Vacation Days.

  • A Full-Time Employee shall receive an annual vacation with pay in accordance with his years of employment at the following rates: Completed Years of Employment Annual Vacation Days Accrued Percentage of Annual Gross Earnings Less than 1 12 4.6% 1st year to 6th year 15 6% 7th year to 13th year 20 8% 14th year 25 10% On the anniversary of the 15th year of employment, one day is added for each year in excess of 14 years.

  • The Employee shall be entitled to the Annual Vacation Days as detailed in Schedule ‎‎1.

  • Employee shall be entitled to paid vacation of up to the Annual Vacation Days, as set forth in Exhibit A, in coordination with Company.

  • Subject to the provision of the Annual Vacation Law-1951 (the “Annual Vacation Law”), the Employee shall be entitled to the number of paid Annual Vacation Days as set forth in Exhibit A hereto, which shall be taken in accordance with the Company’s policy and subject to prior approval by the Supervising Officer.

  • The CEO shall be entitled to annual vacation days as per the Annual Vacation Days Law - 1951 (hereinafter: “the annual vacation days at law” and “the annual vacation days law”, respectively).

  • Vacation Days exceeding such number of Vacation Days due to Employee pursuant to the Vacation Law from time to time (the “Excess Vacation Days”), may be accumulated by Employee from time to time for use, provided, that, in any event, the number of Excess Vacation Days Employee may accumulate shall not exceed twice (x2) the Annual Vacation Days.

  • Annual Vacation Days 24 annual vacation days for a full time position, as shall be adjusted for the actual scope of employment.

  • The Annual Vacation Days may be accrued and redeemed through the immediately succeeding year (the “Accrual Period”), in accordance with the Annual Vacation Law.

  • During the Employment Term, Xxxxx shall be entitled to 4 weeks (i.e., 20 days) paid vacation per year, pro-rated for partial years (the “Annual Vacation Days”); provided, however, that Xxxxx shall not be compensated for any unused Annual Vacation Days or Carryforward Vacation Days (as defined below) upon termination of this Agreement or Xxxxx’x employment by the Company.

Related to Annual Vacation Days

  • Vacation means annual vacation with pay.

  • Weeks Pay' means the ordinary time rate of pay for the employee concerned:

  • Vacation Year means the twelve (12) month period commencing on the first (1st) day of April in each calendar year and concluding on the thirty-first (31st) day of March of the following calendar year.

  • Annual Period means each twelve (12) month period commencing on the Effective Date and, thereafter, on each anniversary of the Effective Date.

  • Year means a calendar year.

  • Annual Valuation Date means the Valuation Date each calendar year so designated by the Trust, commencing in the calendar year 2003.

  • Plan Period means the period designated in Section 4.

  • Week means seven consecutive days.

  • Compensation Period has the meaning specified in Section 2.12(c)(ii).

  • Employment Year means each twelve-month period, or part thereof, during which Employee is employed hereunder, commencing on the Commencement Date and on the same day of the subsequent calendar year and each consecutive 12 month period thereafter.

  • Calendar means discrete temporal reference system that provides the basis for defining temporal position to a resolution of one day;

  • Accrued Day(s) Off means the paid day(s) off accruing to an employee resulting from an entitlement to the 38 hour week as prescribed in Clause 6. - Hours of this award.

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • Annual Balanced Budget means that, in each Funding Year of the term of this Agreement, the total revenues of the HSP are greater than or equal to the total expenses, from all sources, of the HSP;

  • Bonus Period means the period for which a Bonus is payable. Unless otherwise specified by the Board, the Bonus Period shall be the fiscal year of the Company.

  • Annual Base Salary shall have the meaning set forth in Section 3(a).

  • Matching Period has the meaning specified in Section 5.4(1)(e).

  • Paid sick leave – means paid leave under the Emergency Paid Sick Leave Act.

  • Sick Leave means the period of time an employee is absent from work by virtue of being sick or disabled or because of an accident not covered by Workers' Compensation.

  • Year of Service means the computation period of twelve (12) consecutive months, herein set forth, during which an Employee has at least 1000 Hours of Service.

  • Annual Salary means the salary given under this Part.

  • Payroll Period means "payroll period" as defined in Section 3401(b) of the Internal Revenue Code;

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Monthly Base Salary means 1/12th of the greater of (i) Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control Termination or a Covered Termination, as applicable, or (ii) in the case of a Change in Control Termination, Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control.

  • Policy Year means the period of time these Terms and Benefits are in force. The first Policy Year shall be the period from the Policy Effective Date to the day immediately preceding the first Renewal Date as specified in the Policy Schedule (both days inclusive) within one (1) year period; and each subsequent Policy Year shall be the one (1) year period from each Renewal Date.

  • Benefit year means the period of twelve consecutive months, July 1 through June 30, as established by an employer in which an employee shall accrue and use earned sick leave as provided pursuant to N.J.S.A. 34:11D-2, provided that once the starting date of the benefit year is established by the employer it shall not be changed unless the employer notifies the Commissioner of Labor and Workforce Development of the change in accordance with regulations promulgated pursuant to the Act. The Commissioner shall impose a benefit year on any employer the Commissioner determines is changing the benefit year at times or in ways that prevent the accrual or use of earned sick leave by an employee.