Vacation Credits definition
Vacation Credits means ownership interests in WorldMark that entitle the owner thereof to use the Resorts owned by WorldMark.
Vacation Credits means ownership interests in WorldMark, represented by credits that entitle the owner thereof to use resorts developed by WRDC or in which WRDC sells vacation ownership interests.
Vacation Credits when used in this Agreement shall mean earned vacation entitlement in hours based on service and accumulated on a bi-weekly basis.
Examples of Vacation Credits in a sentence
Vacation Credits are the number of normal working days which the employee is entitled to take in the form of paid vacation.
Vacation Credits All employees shall participate in the County’s Terminal Pay Plan (Plan).
However, where an employee does not use all or part of such Vacation Credit as vacation with pay during the year between vacation eligibility dates, any remaining hours of Vacation Credits will carryover into the next eligibility year.
Pay in lieu of Vacation Credits carried over will not be allowed until the end of the eligibility year following the eligibility year in which the carryover is made.
Vacation Credits so carried over must be used during the next eligibility year.
More Definitions of Vacation Credits
Vacation Credits. The vacation credits financed by an Obligor pursuant to a Contract.
Vacation Credits means the beneficial interest in the Club which represents an Owner’s usage rights.
Vacation Credits means ownership interests in WorldMark, The Club that (i) entitle the owner to use a fully-furnished vacation resort unit based on the number of Vacation Credits purchased and (ii) are created through the transfer to WorldMark, the Club of resort units developed or purchased by the Company in exchange for the right to sell Vacation Credits in these properties based on the number of credits available, as determined using a formula based on the number of user days available and the relative value of each property.
Vacation Credits means ownership interests in WorldMark that entitle the owner to use VC Resorts.
Vacation Credits means the related Obligor's Vacation Credits in Worldmark.
Vacation Credits means ownership interests that entitle the owner thereof to use a Resort.
Vacation Credits means ownership interests in WorldMark that entitle the owner thereof to use WRDC Resorts that are owned by WorldMark. “WCF” shall mean Wyndham Consumer Finance, Inc., a Delaware corporation.