Vacation Carryover definition

Vacation Carryover means the aggregate amount of vacation or other paid time off in excess of 40 hours for any employees of the Company as of the Closing multiplied by the applicable hourly base compensation for such employee (using base salary divided by 2000 hours for any employees who have an annual base salary rather than an hourly rate compensation).
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Examples of Vacation Carryover in a sentence

  • Regular vacations will have priority over vacation time carried over under the provisions of Clause 18.4 (Vacation Carryover).

  • Regular vacations will have priority over vacation time carried over under the provisions of Article 18.4 (Vacation Carryover).

  • In addition, Employee will be included in the Company Vacation Carry-over Policy.

  • In the unusual circumstances that the full annual leave entitlement is not taken by the end of the calendar year, the days remaining to the Employee’s credit will be paid out by February 15th of the subsequent year unless carried over in accordance with Clause 17.11 (Vacation Carryover) or unless paid out at the time of ending of employment.

  • Subject to Clause 17.11 (Vacation Carryover), any unused vacation earned during the first partial year will be paid to the Employee at December 31 of that year.

  • Section 35.4 Vacation Carry-over A member may carry over into the following year one and one-half times the amount of vacation hours established in Section 35.1 above.

  • Vacation earned pursuant to this clause may be carried over to the following year, notwithstanding Clause 18.6 (Vacation Carryover).

  • Employees will complete the Vacation Carryover form and submit for approval to the employee’s supervisor.

  • The calendar year in which an employee qualifies for vacation leave under (d) will be considered the first partial year of service for purposes of vacation entitlement and subject to Clause 18.6 - Vacation Carryover any unused vacation entitlement earned during that year will be paid to the employee on the final payday of that year.

  • Employees may still exercise their option pursuant to Clause 18.5 Vacation Carryover.