Vacation and PTO. Company Employees shall be eligible to participate in Parent's vacation or PTO policy, as applicable, as soon as administratively feasible after the Effective Time but in no event later than January 1, 2001. Prior to such date Company Employees shall remain eligible for Company's vacation pay or sick pay policies, as applicable, and such plans or policies will not be amended or changed by Parent or Company. Parent shall include service with the Company for purposes of determining eligility, participation, and calculation of vacation pay, sick pay, or paid time off (PTO) under Parent's vacation or PTO policy, as applicable. Subject to the terms of the Company plans or policies, each Company Employee will be entitled to carry over all vacation days and sick leave acrued but unused as of the Effective Time.
Vacation and PTO. Executive shall be entitled to vacation and paid time off in accordance with the Company’s policy applying to other similarly-situated executives, but in no event less than three weeks vacation and one week paid time off in each year during the Term.
Vacation and PTO. With respect to Qualtrics Employees other than U.S. and AU Qualtrics Employees, Qualtrics shall retain all Liabilities for all accrued and unused vacation and paid time off (“PTO”) as of the IPO Date. With respect to Transferring Employees, Qualtrics-Aligned Employees, and U.S. and AU Qualtrics Employees, SAP shall continue to satisfy on Qualtrics’ behalf all accrued and unused vacation and PTO for the period after the IPO until the Employment Commencement Date or Benefits Commencement Date, as applicable. Only where required by applicable local law or SAP Plan provisions, SAP shall pay out all accrued and unused vacation benefits or PTO determined as of immediately prior to the Employment Commencement Date, to each Transferring Employee entitled to such benefits, at Qualtrics’ cost, as determined under the Administrative Services Agreement.
Vacation and PTO. 5.01. Executives shall be entitled to vacation and paid time off benefits as generally available from time to time to the executive employees of the Employer.
Vacation and PTO. Company Employees shall be eligible to participate in Parent's vacation or PTO policy, as applicable, as soon as administratively feasible after the Effective Time but no later than January 1, 2001. Prior to such date Company Employees shall remain eligible for Company's vacation pay or sick pay policies, as applicable, and such plans or policies will not be amended or changed by Parent or Company. Parent shall include service with the Company for purposes of determining eligibility, participation, and calculation of vacation pay, sick pay, or paid time off (PTO) under Parent's vacation or PTO policy, as applicable. With respect to accrued but unused vacation pay under Company's vacation plan, employees may carry over to Parent's vacation plan or PTO policy, as applicable, any accrued but unused vacation time that does not exceed 175% of an employee's annual accrual under Company's vacation plan. As soon as administratively feasible after the Effective Date, but in any event no later than 60 days thereafter, a payment shall be made to employees in an amount that reflects any accrued but unused vacation time in excess of such carryover amount.
Vacation and PTO. The Employee will be entitled to six weeks of paid vacation each year during the term of this Agreement, or as entitled by law, whichever is greater. • The Employee will be entitled to six weeks of PTO each year during the tem1of this Agreement, or as entitled by law, whichever is greater. • The times and dates for any vacation will be determined by mutual agreement between the Employer and the Employee. • Upon termination of employment, the Employer will pay compensation to the Employee for any accrued and unused vacation days.
Vacation and PTO. During your Employment you shall be eligible to accrue paid vacation/paid time off at 6.67 hours per pay period, which is equivalent to four weeks on an annual basis. Personal emergency days are generally accrued per company policy. At least five (5) paid working days per year are reserved but not required to complete professional training to maintain professional accreditations. Current vacation balance is retained with no expiration date.
Vacation and PTO. Company Employees shall be eligible to participate in Parent's vacation or PTO policy, as applicable, as soon as administratively feasible after the Effective Time. Prior to such date Company Employees shall remain eligible for Company's vacation pay or sick pay policies, as applicable, and such plans or policies will not be amended or changed by Parent or Company. With respect to accrued but unused vacation pay under Company's vacation plan, employees may carry over to Parent's vacation plan or PTO policy, as applicable, any accrued but unused vacation time that does not exceed 175% of an employee's annual accrual under Company's vacation plan. As soon as administratively feasible after the Effective Date, a payment shall be made to employees in an amount that reflects any accrued but unused vacation time in excess of such carryover amount. Parent shall include service with the Company for purposes of determining eligibility, participation, and calculation of vacation pay, sick pay, or paid time off (PTO) under Parent's vacation or PTO policy, as applicable.
Vacation and PTO. 1. The Employer agrees to grant Employee twenty-five (25) days of vacation upon his initial employment and thereafter, twenty-five (25) days annually to employee on the employee’s anniversary date. This is a level consistent with a 20-year tenured employee. Employee may carry over a maximum one hundred twenty (120) hours of vacation on Employee’s anniversary date.
