Examples of Seller Vacation Policy in a sentence
GP-1 DEFINITION OF TERMSWhenever used in the Bidding Requirements or Contract Documents and printed with initial capital letters, the terms listed below will have the meanings indicated which are applicable to the singular or plural thereof.
Between the Closing Date and the end of the year in which the Closing occurs, Buyer shall permit all Transferred Employees to take the same number of days of vacation on an unpaid basis as they would have been eligible to take immediately prior to the Closing Date under the Seller Vacation Policy based upon the recognized credited service amounts of such Transferred Employees with Seller or other members of the BP Group.
Seller shall be responsible for paying the Transferred Employees for any vacation due as of the Closing Date under the applicable vacation policy of Seller or other members of the BP Group (the "Seller Vacation Policy").
From the Closing Date until December 31, 1998, the Buyer shall continue in effect for calendar year 1998 a vacation policy substantially similar to the vacation policy set forth on Schedule 5.6(f) covering each CPLC Employee immediately prior to the Closing (the "Seller Vacation Policy"); provided, however, the Buyer shall pay to each CPLC Employee as soon as practicable in 1999 the cash equivalent of all accrued but unpaid vacation for vacation earned in 1998.
Between the Closing Date and the end of the year in which the Closing Date occurs, Purchaser covenants that Purchaser, or Purchaser’s Affiliates, shall permit all such Affected Employees to take the same number of days of vacation on an unpaid basis as they would have been eligible to take as of the day immediately prior to the Closing Date under the Seller Vacation Policy based upon the recognized credited service amounts of such Affected Employees with Seller or its Affiliates.
Any paid time off accrued or earned by any employee of the Seller or Seller Subsidiary for vacation, illness or other personal requirements under the Seller Vacation Policy shall be forfeited as of the Vacation Policy Termination Date.
Between the Closing Date and the end of the year in which the Closing occurs, the Employer shall permit all Transferred Employees to take the same number of hours of vacation on an unpaid basis as those Transferred Employees would have been eligible to take immediately prior to the Closing Date under the Seller Vacation Policy based upon the recognized credited service amounts of such Transferred Employees with Seller or other members of the BP Group.
Between the Closing Date and the end of the year in which the Closing occurs, Buyer covenants that Buyer, or Buyer’s Affiliates, shall permit all Transferred Employees to take the same number of days of vacation on an unpaid basis as they would have been eligible to take as of the day immediately prior to the Closing Date under the Seller Vacation Policy based upon the recognized credited service amounts of such Transferred Employees with Seller or its Affiliates.