Interim Hire Sample Clauses

Interim Hire. The Charterer agrees to pay, to the extent not paid by the Owner Trustee pursuant to Section 3(b)(i) of the Participation Agreement, Interim Hire for the Interim Period in a single installment due on the Basic Period Commencement Date in an amount equal to the aggregate amount of interest accrued but unpaid to such date on the Notes. The Owner Trustee agrees to give notice to the Charterer and the Indenture Trustee at least five Business Days prior to the first day of the Basic Period if SEA-LAND ENTERPRISE the funds for the payment required to be made by the Owner Participant pursuant to Section 3(b)(i) of the Participation Agreement will not be paid by the Owner Trustee to the Indenture Trustee in an amount equal to the amount required pursuant to Section 3(b)(i) of the Participation Agreement. If and to the extent that the Indenture Trustee on the first day of the Basic Period shall not have received funds for the payment in full of the amounts then due on the Notes, the Charterer shall pay on such date all or such portion of the Interim Hire as shall remain unpaid. The Charterer shall have the right to recover the amount, if any, of Interim Hire paid by it pursuant to this paragraph (a) on the terms and conditions set forth in Section 3(b)(ii) of the Participation Agreement.
Sample 1
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Related to Interim Hire

  • Vacations and Sick Leave The Executive shall be entitled to paid annual vacation leave in accordance with the policies as established from time to time by the Board of Directors, which shall in no event be less than four weeks per annum. The Executive shall also be entitled to an annual sick leave benefit as established by the Board for senior management employees of the Bank. The Executive shall not be entitled to receive any additional compensation from the Bank for failure to take a vacation or sick leave, nor shall he be able to accumulate unused vacation or sick leave from one year to the next; provided, however, such Executive may carry forward from year to year a maximum of ten days of unused vacation leave.

  • Vacation and Sick Leave At such reasonable times as the Board of Directors shall in its discretion permit, the Employee shall be entitled, without loss of pay, to absent himself voluntarily from the performance of his employment under this Agreement, with all such voluntary absences to count as vacation time; provided that:

  • Vacation, Holidays and Sick Leave During the Term, the Executive shall be entitled to paid vacation, paid holidays and sick leave in accordance with the Company's standard policies for its senior executive officers.

  • Special Parental Allowance for Totally Disabled Employees (a) An employee who:

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  • Extended Sick Leave When sick leave extends for more than 25 consecutive working days, the appointing authority shall initiate the following procedure:

  • Permanent Full-Time Employees Pay and benefits will be computed on a monthly pay status basis.

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  • Sick Leave Verification The Employer will not require verification for absences of less than 3 consecutive work days. Such verification or proof may be given to the supervisor/manager or Human Resources according to departmental policy. The Employer will not make unreasonable requests for sick leave verification.

  • Twelve Month Employees A member of the unit who is employed on a twelve (12) month 19 basis shall be allowed paid vacation leave, exclusive of holidays, as follows:

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