Paid Time Off Benefits. Employee shall receive the following benefits:
Paid Time Off Benefits. Xxxx will be eligible for paid time off (“PTO”) benefits in the amount of twenty-six (26) days per year, which may be taken in accordance with the same terms and conditions as other executive employees of the Bank. There will be no carryover of unused PTO time from year-to-year. Xxxx will be paid for any accrued but unused PTO remaining at the termination of Xxxx’x employment, unless Xxxx’x employment is terminated “for cause,” as defined in Paragraph 12 (B) of this Agreement.
Paid Time Off Benefits. Effective as of no later than the Distribution Time, (a) the Spinco Group shall assume and honor all paid time off of the Spinco Employees and Former Spinco Employees that is accrued as of the Distribution Time and (b) the Pluto Group shall retain or assume and honor all paid time off of the Pluto Employees and the Former Pluto Employees that is accrued as of the Distribution Time.
Paid Time Off Benefits. Obligations and liabilities as of the Closing Date in respect of accrued but unused paid time off benefits of each Hired Employee as of the Closing Date, and related taxes, not to exceed the lesser of forty (40) hours per Hired Employee or such Hired Employee’s actual number of accrued and unused paid time off hours as of the Closing Date, but only to the extent such vacation and paid time off benefits, and related taxes, are included in Net Working Capital as set forth on Schedule 3.1.2.
Paid Time Off Benefits. For the period ending December 31, 2019, , each Company Transferred Employee shall be entitled annually to at least the number of vacation hours, holidays, floating holidays, and year-end Company shutdown days to which such Company Transferred Employee was entitled under the applicable Lilly Plan immediately prior to January 1, 2019.
Paid Time Off Benefits. The Company or another member of the Company Group shall assume and honor all paid time off accrued but not yet taken by Company Employees as of the IPO (including banked vacation).
Paid Time Off Benefits. Executive will be entitled to 20 days of paid time off during Executive's first year, accruing at the rate of 13.33 hours per month from Executive's Start Date, as well other paid holidays.
Paid Time Off Benefits. Section 10.1. Leaves of absence for illness and other emergencies serve not only the welfare of the individual but the school system as well. An adequate policy for such absences for professional staff members is twofold. • It is a safeguard for pupils against the presence of a nurse incapable of performing duties. • It provides a measure of security for a nurse who is ill. The success of a sound policy requires staff members to bear in mind their professional responsibilities. Time earned under this policy should never be construed as accumulated “time off” to be taken at the discretion of a staff member.
Paid Time Off Benefits. Section I - Vacation Scheduling 17 Section II - Exchange of Vacation Days 18 Section III - Exchange of Days Off 18 Section IV - Holiday Accumulation 19 Section V - Holiday Schedule 19 Section VI - Use of Accumulated Sick Leave for Family Illness or Doctor/Dental Appointments 20 Section VII - Preservation of Sick Leave (Vacation) During Extended Leave 20 Section VIII - Integral Part Trust (Post Employment Medical Benefits). 20 Section IX - Jury Duty 22
Paid Time Off Benefits. Executive shall be eligible for six (6) weeks of vacation in accordance with the Company’s policy, as in effect from time to time and which shall accrue on a monthly basis (accrual shall be pro-rata in any partial year of employment). Such vacation and paid time off shall satisfy any safe and sick leave requirements under applicable state law (if any) and no other safe or sick leave shall be provided. Except as otherwise may be required by applicable state law, Executive may not carry over any accrued vacation or paid time off from year to year, and no such accrued vacation or paid time off shall be paid to Executive upon the termination of Executive’s employment for any reason. Executive shall be eligible to participate in other Company benefits, including any retirement, life, disability, accident or other insurance plans and/or medical and health plan that may be provided by the Company for employees pursuant to the terms of the applicable plan documents or Company policy. The Company may modify, amend or terminate any Company benefits at its sole discretion. DocuSign Envelope ID: 58B9BDEA-D1E6-4CE2-8208-3458FBF9C11C
