Pay in Lieu of Time Off Sample Clauses

Pay in Lieu of Time Off. There shall be no pay in lieu of earned vacation except upon termination of an employee. However, those employees working less than twelve (12) months receive their accrued vacation prior to winter break if the employee requests it in writing at least two (2) weeks prior to winter break. The balance of accrued vacation for employees working less than 12 months will be paid off at his/her jobs current hourly rate at the end of the school year.
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Pay in Lieu of Time Off. Pay in lieu of vacation time is not permitted unless the Company, in its sole discretion, approves such a request.

Related to Pay in Lieu of Time Off

  • Paid Time Off (PTO) Executive shall earn and accrue paid-time-off covering vacation and sick time benefits at the rate of twenty (20) days per year for employment periods of up to five years of service. The PTO accrual rate shall automatically increase by five (5) additional days for each additional 5 years of service up to maximum of thirty (30) days per year after 10 years of service. For example, after five years of service, the annual PTO accrual rate shall increase to twenty-five (25) days. Unused PTO shall carry over to the next year, but Executive shall cease accruing further PTO at any time Executive has accrued two times his annual accrual rate. Unused PTO days which are not in excess of two-times the annual accrual rate shall be paid in a cash lump sum payment promptly after Executive’s termination of employment.

  • Paid Time Off The Executive shall be entitled to take paid time off in accordance with the Company’s applicable paid time off policy for executives, as may be in effect from time to time.

  • Volume of TIPS Sales Nothing in this Agreement or any TIPS communication may be construed as a guarantee that TIPS or TIPS Members will submit any TIPS orders to Vendor at any time.

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