Vacation Bank definition

Vacation Bank. -- means the balance of a Flight Attendant‘s accrued vacation.
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Vacation Bank means the balance of a Flight Attendant’s accrued vacation.
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Vacation Bank means at any point in time, the bank of hours that an employee has accrued according to the Monthly Vacation Hours Accrual Table, less hours taken, as Vacation Hours.
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Examples of Vacation Bank in a sentence

  • The Employee may, if he/she wishes, charge any of this time to his/her Vacation Bank and retain the court fee.

  • Accrued vacation earned in one payroll year shall be used prior to the end of the last payroll period ending in December of the following year or it shall be transferred to the Vacation Bank, if possible.

  • When a University holiday falls during an Employee's vacation, he/she shall be paid for the holiday and it shall not be deducted from his/her Vacation Bank.

  • His or her Vacation Bank shall be reduced by the same amount of hours paid.

  • For the duration of this Agreement only, if an employee reaches the maximum accrual as allowed, then all additional vacation earned will be added to the employee's "Vacation Bank".

  • Accrued Vacation Bank must be used prior to the effective date of retirement.

  • Vacation Bank: Vacation credits will be earned, and utilized at an accelerated rate of 1.25 hours earned or utilized for every hour worked or taken as vacation.

  • At the Flight Attendant’s option, any unused time remaining in a Flight Attendant’s Float Vacation Bank at the end of the calendar year will be paid out in the final paycheck of the year.

  • Twenty-eight (28) hours will be deducted from a Flight Attendant’s Vacation Bank for seven (7) days of vacation.

  • A maximum of eight (8) hours per month will be deducted from a Flight Attendant’s Vacation Bank.

Related to Vacation Bank

  • Termination Base Salary means that amount equal to Executive’s annual base salary with the Company at the rate in effect immediately prior to the Change of Control or, if a greater amount, Executive’s annual base salary at the rate in effect at any time thereafter.

  • Vacation means annual vacation with pay.

  • Employee Account means any brokerage account or unit investment trust account in which the Van Kampen Employee has any direct or indirect beneficial ownership.

  • Benefits Continuation Period has the meaning set forth in Section 6.01(b).

  • Retention Account means, an interest bearing USD account in the name of the Borrowers opened or (as the context may require) to be opened by the Borrowers with the Bank and includes any sub-accounts thereof and any other account designated in writing by the Bank to be the Retention Account for the purposes of this Agreement;