Annual Vacation Executive shall be entitled to two (2) week vacation time each year with full pay. Executive may be absent from his employment for vacation only at such times as Company's President shall determine from time to time. If Executive is unable for any reason to take the total amount of authorized vacation time during any year, he may accrue that time and add it to vacation time for any following year or may receive a cash payment in an amount equal to the amount of annual salary attributable to that period.
ANNUAL VACATIONS 11.1 Annual vacations with pay shall be granted to eligible employees computed at the rate shown in Section 11.3 for each hour on regular pay status as shown on the payroll, but not to exceed eighty (80) hours per pay period.
Annual Vacation Leave Employees shall be eligible for annual vacation leave in accordance with state statute, a copy of which is attached in Addendum B. Annual vacation leave charges will be recorded and approved in accordance with campus policy.
Paid Vacation The Executive shall be entitled to four (4) weeks paid vacation per calendar year, such vacation to extend for such periods and to be taken at such intervals as shall be appropriate and consistent with the proper performance of the Executive’s duties hereunder.
Banked Vacation Once every five years an employee may bank one full year's vacation to be taken in conjunction with the next year's vacation. For the purposes of this clause, all vacation in the second year must be taken concurrently.
Annual Vacation Entitlement (a) Definitions: "Vacation year" - for the purposes of this article a vacation year shall be the calendar year commencing January 1 and ending December 31. "First vacation year" - the first vacation year is the calendar year in which the employee's first anniversary falls.
PAID VACATIONS The Employee shall be entitled to annual paid vacations of six (6) weeks in each year of the Initial Term and any extension of the Initial Term, at such times and for such periods as may be mutually acceptable to the Company and the Employee, in accordance with the Company's policies governing vacations for executive officers of the Company. Unused vacation in any given year shall not accumulate from year to year and Employee shall not be entitled to any cash payment for or payment in lieu of unused vacation time.
Time of Vacation (a) All vacation earned during one (1) vacation year shall be taken during the next following vacation year at a mutually agreeable time.
Compensation for Holidays Falling Within Vacation Schedule If a paid holiday falls on or is observed during an Employee's vacation period, she shall be allowed an additional vacation day with pay at a time mutually agreed upon by the Employer and the Employee.
Accrued Vacation It is further agreed by the parties hereto that, upon sale or transfer of ownership of any store or upon dissolution of business, vacation pay for all months worked for which no vacation pay has been given shall be immediately paid to all employees coming under this Agreement, regardless of length of time said employee has been with the Employer.