Accrued Vacation Payment. Upon and subject to the Closing, Seller shall pay to each Transferred Entity Employee a cash amount in respect of any unused vacation accrued through December 31, 2014 under the applicable plan of Seller. Such amount, once paid, will not be included in the calculation of Working Capital.
Accrued Vacation Payment. Upon becoming eligible for long-term disability benefits and being granted a leave of absence without pay for a period appropriate to the time necessary to determine an employee’s ability to completely recover, the City will pay, at the request of the employee, any accrued vacation time for which the employee qualifies.
Accrued Vacation Payment. (Section 4.3(b)): As of October 31, 2008, Executive has 12 days of unused accrued vacation days (the “Accrued Vacation Days”). The Company will reimburse Executive for the Accrued Vacation Days in an amount equal to $525,000 multiplied by a fraction the numerator of which is the Accrued Vacation Days and the denominator of which is 260. On or promptly following the effectiveness of this Separation Agreement, the Company will pay Executive $24,231, less all applicable taxes, for these Accrued Vacation Days.
Accrued Vacation Payment. In the event of death, retirement or separation from employment, an employee (or his or her estate) will be paid for up to 30 days of accrued vacation. Employees in good standing with more than six months who resign will be paid for accumulated vacation for a maximum amount of three pay periods. An employee who, in his or her last six months of employment, has requested vacation, in writing, and who had been denied the use of vacation, in writing, may add the number of days so denied to his or her vacation accumulation for purposes of the payment authorized by this section, even if the 30 day cap is exceeded.
Accrued Vacation Payment. As part of the payment to Employee immediately at the end of the Full-Time Period, Employee will be paid an amount representing the number of hours of accrued but unused vacation pay. EXHIBIT B OUTSTANDING STOCK OPTION PURCHASE RIGHTS ----------------------------------------
Accrued Vacation Payment. Pay Executive for unused vacation days accrued as of the Separation Date in an amount equal to Executive’s base salary multiplied by a fraction the numerator of which is the number of accrued unused vacation days and the denominator of which is 260, less legally required withholding and payroll deductions;
Accrued Vacation Payment. On June 1, 2004 you will be paid all accrued, unused vacation or paid time off benefits, less standard deductions and withholdings, in accordance with the Company’s regular payroll practices. You are entitled to this payment regardless of whether you execute this Agreement.
