Unused Vacation definition

Unused Vacation means the balance of 60 vacation days (the amount of vacation days that have previously been earned by you which you presently have not used) less the number of such aforementioned vacation days hereafter used by you prior the termination or expiration of your agreement with Acclaim.
Sample 1
Unused Vacation means those hours of "time off with pay" (TOWP) or vacation fringe benefit hours accumulated to the benefit account of the eligible Employee of the beginning of a plan year in which compensation is deferred. Unused vacation hours will be converted to compensation at the employee's hourly base pay rate for the year previous to the plan year.
Sample 1
Unused Vacation for the avoidance of doubt, Xxxxx will be paid on or before February 29, 2004 for any earned but unused vacation as of December 31, 2003. Xxxxx'x Initials /s/ DK ------------
Sample 1

Examples of Unused Vacation in a sentence

  • Carry Over of Unused Vacation Days: Unless otherwise specified by individual employment contract, all vacation days are to be used within the fiscal year (July 1-June 30).

  • Payment for Unused Vacation Leave Upon Termination of Employment.

  • Complaints involving alleged abuse, theft, and similar activities will be investigated immediately upon knowledge of the allegation.

  • DEC Local Unused Vacation LeaveEmployees may carry over unused vacation leave from one fiscal year to the next, but unused vacation leave must not exceed 30 days (240 hours for non-faculty and 225 hours for 12-month faculty).

  • Unused Vacation may not be carried over after the completion of each calendar year during the continuance of this Agreement, and any unused Vacation will be paid out in cash by the Company to the Executive within 14 calendar days of the end of any such calendar year.

  • The Company shall pay a Covered Employee the amount to which he or she is entitled under (as applicable) Plan Section 3.1 (relating to Severance Pay) and Plan Section 3.3 (relating to Payment for Unused Vacation) in one lump sum within a reasonable time, but in no event greater than ten (10) business days, after such Covered Employee's Termination of Employment.

  • Unused Vacation Days An employee who terminates after one full year of employment will receive pay for unused vacation days.

  • The Company shall pay a Covered Employee the amount to which he or she is entitled under (as applicable) Plan Section 3.1 (relating to Severance Pay) and Plan Section 3.3 (relating to Payment for Unused Vacation) in one lump sum within a reasonable time, but in no event greater than ten (10) business days, after such Covered Employee’s Termination of Employment.

  • Length of Service from Hire Date PTO Allowance Maximum Allowed Unused PTO Balance Maximum Allowed Combined Unused Vacation, Holiday, and PTO Balance for Employees Who Convert to the Modified Benefit Option From Hire Date through 10,400 service hours 180 hours 270 hours 320 hours** Over 10,400 service hours 216 hours 324 hours 404 hours** **The employee’s maximum allowed PTO balance may not exceed either 270 hours or 324 hours, as applicable.

  • As soon as practical after each Allocation Date, the Employer shall provide the Committee with a schedule setting forth the names of its Participants, the amount of its Unused Vacation Credit for each Participant, and the amount of its Spillover Credit for each Participant for the Allocation Period then ended.


More Definitions of Unused Vacation

Unused Vacation. All unused or carried over vacation time accumulated in the year of termination after an employee's first anniversary date, up to and including the employee's last day worked, shall be paid at termination of employment, at the employee's current base rate. This does not apply to the vacation bonus when the employee has not completed the minimum service specified. It is understood that employees may not carry vacation time over to the following year without the written consent of the Company.
Sample 1

Related to Unused Vacation

  • Vacation means annual vacation with pay.

  • 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.

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

  • Unused means the Insured’s financial Loss of any whole, partial or prorated prepaid nonrefundable components of a Trip that are not depleted or exhausted, including award travel expenses.

  • 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.

  • Vacation rental means the lease, sublease, or other rental of residential property for a period of fewer than ninety days, except that it does not include rental of residential property on a weekly or monthly basis pursuant to Chapter 40 of this title, the South Carolina Residential Landlord and Tenant Act.

  • Week means seven consecutive days.

  • Holidays are defined as New Year’s Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, and Christmas Day.

  • Current Sick Leave means those days of sick leave for the current contract year, which leave is granted at the rate of one day of sick leave per month worked, or major part thereof.

  • 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.

  • Unused Portion has the meaning assigned to that term in Section 2.09(a).

  • Base Compensation means the amount equal to the sum of (i) the greater of Executive’s then-current Annual Base Salary or Executive’s Annual Base Salary as of the date one (1) day prior to the Change of Control; and (ii) the average of the Incentive Bonus paid (or payable) for the three (3) most recently completed fiscal years of the Company.

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

  • Unused Amount means the Maximum Line reduced by outstanding Revolving Advances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one quarter of one percent (0.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

  • Annual Salary means the salary given under this Part.

  • Earned Bonus means the bonus paid, if any, pursuant to the Company’s incentive compensation plans in effect from time to time. Earned Bonus shall be prorated based on the ratio of the number of days during such year that Executive was employed to 365.

  • Compensatory time off means authorized time off earned by or awarded to an employee to compensate in whole or in part for time worked in excess of the minimum work time required of that employee as a condition of his or her employment.

  • Cash Bonus means an award of a bonus payable in cash pursuant to Section 10 hereof.

  • Weeks pay means the ordinary weekly rate of wage for the employee concerned.

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

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

  • Accrued Base Salary means the amount of Executive's Base Salary which is accrued but not yet paid as of the Date of Termination.

  • Unused Fees has the meaning assigned to such term in the Lender Fee Letter.

  • Annual Bonus shall have the meaning set forth in Section 4(b) hereof.

  • Paid leave means time away from work by an employee for which the employee receives compensation. Paid leave is limited to sick time, vacation time, compensatory time, and leave that is provided as an aggregate amount for use at the discretion of the employee for any of these purposes. Paid leave does not include paid short-term or long-term disability, catastrophic leave, or similar types of benefits.

  • Annual Leave and Clause 6.3 “Personal (Sick) Leave” of this Agreement.