Earned Vacation definition

Earned Vacation means the product of (a) the aggregate number of hours of vacation which Executive is entitled to take during the calendar year in which the Qualifying Termination occurs, and (b) the quotient obtained by dividing (i) the number of calendar days from January 1 of the year in which the Qualifying Termination occurs through and including the date of the Qualifying Termination, by (ii) 365.
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Earned Vacation means the vacation time (i.e., the number of weeks or days) a pilot is 16 entitled to use in a vacation year.
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Earned Vacation means the value of vacation earned by each employee as a result of remaining employed by Seller as of the end of December 31, 2018 in accordance with Sellers existing policies and procedures, that is not used by the Employee or otherwise paid by the Sellers prior to the Closing. 2018 Earned Vacation shall be reduced by the amount of time off taken by the Employee between January 1, 2019 and the date of Closing.
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Examples of Earned Vacation in a sentence

  • Earned vacation shall not become a vested right until completion of the initial six (6) months of employment.

  • Earned vacation shall not become a vested right until completion of the initial six months of employment.

  • Earned vacation leave or leave without pay may, at the option of the employee and with the approval of the supervisor, be taken any day after eight (8) hours of work.

  • Earned vacation time may be accumulated to a maximum of two (2) times the employee’s annual accrual.

  • Earned vacation may be accumulated and is payable to the employee upon termination of employment and, therefore, is accrued through April 30.

  • Earned vacation time shall not be counted toward the two (2) weeks' required notice.

  • Earned vacation pay accrues on a graduated scale from the date of employment but may not exceed 52 days.

  • Earned vacation does not become a vested right until completion of first six (6) months of service.

  • Earned vacation shall be taken when school is not in session whenever possible and shall be on the basis of seniority within each building or department.

  • Earned vacation shall not become a vested right until the completion of six (6) months of service.


More Definitions of Earned Vacation

Earned Vacation means the vacation time (i.e., the number of weeks or days) a pilot is
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Earned Vacation means that entitlement earned in a vacation year which remains to an employee’s credit after July 31. Such entitlement is to be taken by the end of the pay period that includes August 31 of the following year at the discretion of the company. (Up to 5 unused days at the end of one year can be carried to the following year.)
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Earned Vacation. Employees whose employment terminates prior to the end of a contract year will receive prorated vacation amounts. Under no circumstances, however, will employees be paid for vacation subsequent to termination of employment.
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Earned Vacation means, with respect to any Employee, the salary and wages which such Employee is entitled to receive for any vacation time off that is earned in accordance with the Employer’s employee policies but which is unused by such Employee as of the time in question, together with all employment taxes with respect thereto.
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Related to Earned Vacation

  • Vacation means annual vacation with pay.

  • 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.

  • 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.

  • Earned Compensation means any Annual Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on which the Employment Period ends pursuant to Section 3(a) (but excluding any salary and interest accrued thereon payment of which has been deferred).

  • Employment Year means each twelve-month period, or part thereof, during which Employee is employed hereunder, commencing on the Commencement Date and on the same day of the subsequent calendar year and each consecutive 12 month period thereafter.

  • 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.

  • Sick Leave means the period of time an employee is absent from work with or without pay, by virtue of sickness, quarantine, or accident, or out-of-town medical/dental referrals for which compensation is not payable under the Worker's Compensation Act.

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

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

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

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

  • Target Bonus means Executive’s annual (or annualized, as applicable) target bonus in effect immediately prior to Executive’s Qualifying Termination or, if Executive’s Qualifying Termination occurs during the Change in Control Period and the amount is greater, Executive’s annual (or annualized, if applicable) target bonus in effect immediately prior to the Change in Control.

  • 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 day prior to the Change in Control, and (ii) the Average Incentive Bonus.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Accrued Professional Compensation means, at any given moment, all accrued, contingent and/or unpaid fees and expenses (including, without limitation, success fees) for legal, financial advisory, accounting and other services and reimbursement of expenses that are awardable and allowable under section 328, 330(a) or 331 of the Bankruptcy Code and were rendered before the Effective Date by any Retained Professional in the Chapter 11 Cases, or that are awardable and allowable under section 503 of the Bankruptcy Code, that have not been denied by a Final Order, all to the extent that any such fees and expenses have not been previously paid (regardless of whether a fee application has been filed for any such amount). To the extent that the Bankruptcy Court or any higher court denies or reduces by a Final Order any amount of a Retained Professional’s fees or expenses, then those reduced or denied amounts shall no longer constitute Accrued Professional Compensation.

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • Number of Employees enter the total number of Employees in the employment category employed to provide services under the Contract during the report period, including part time Employees and Employees of subcontractors.

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

  • Annual Salary means the salary given under this Part.

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

  • Year of Employment means a period of service of 12 months.

  • Bonus means the bonus described in the Section 2.3.

  • Gross compensation means every form of remuneration payable for a given period to an individual for services provided including salaries, commissions, vacation pay, severance pay, bonuses, and any board, rent, housing, lodging, payments in kind, and any similar benefit received from the individual's employer.

  • training allowance means an allowance (whether by way of periodical grants or otherwise) payable—

  • Final compensation of a member means:

  • Earnable compensation means the full rate of the