Entitlement Formula Sample Clauses

Entitlement Formula. (a) Based on the percentage of full time being worked, permanent employees will be entitled to annual vacation as follows: After the first (1st) year 10 working days After the second (2nd) year 15 working days After the sixth (6th) year 20 working days After the tenth (10th) year 25 working days After the fifteenth (15th) year 30 working days After the twenty-fifth (25th) year 35 working days
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Related to Entitlement Formula

  • Payment for TIPS Sales TIPS Members may make payments for TIPS Sales directly to Vendor, Vendor’s Authorized Reseller, or as otherwise agreed to in the applicable Supplemental Agreement after receipt of the invoice and in compliance with applicable payment statutes. Regardless of how payment is issued or received for a TIPS Sale, Vendor is responsible for all reporting and TIPS Administration Fee payment requirements as stated herein.

  • Time Off in Lieu of Payment for Overtime An employee may elect, with the consent of the Company, to take time off in lieu of payment of overtime at a time or times agreed with the Company. Overtime taken as time off during ordinary time hours will be taken at the ordinary time rate, that is an hour for each hour worked.

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