Vacation Options Sample Clauses

Vacation Options. When an employee becomes ill during vacation time, the employee must notify his/her immediate administrator the morning of his/her illness if he/she wishes to have that time counted as sick leave instead of vacation. In the event that an employee is unable to contact his/her immediate administrator, a statement from a licensed physician shall be submitted as proof of illness during vacation.
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Vacation Options. Employees shall have the option by seniority of scheduling their vacation weeks in the following manner:
Vacation Options. An employee may carry over, with the approval of his department or division head and certification to the Finance Department, one‐half of his previous year’s vacation into the following year only. Employees who have completed five (5) years of service and who qualify for three (3) weeks vacation, shall be permitted to bank a maximum of one (1) week per year of unused vacation time. Said employees who qualify for four (4) or five (5) weeks vacation, shall be permitted to bank a maximum of two (2) weeks per year of unused vacation time, and employees who qualify for six (6) weeks vacation shall be permitted to bank a maximum of three (3) weeks per year of unused vacation time. Said vacation time shall be banked at the rate in which the vacation has been earned. The employees shall receive only upon their termination or retirement, only the sum of money for the weeks of vacation banked which shall be paid to the employees at the rate said weeks were earned. Employees must designate prior to December 1st to the Finance Department their desires as to which program their unused vacation time shall be allocated. The employees must choose either to bank or carry over their unused vacation time and they shall not be permitted to do both in any given year. An employee may sell vacation under the same terms and conditions as vacation banking set forth above except that:
Vacation Options. Each Bargaining Unit Librarian hired on or before August 31, 1989, shall be entitled to elect an eleven (11) month work year with twenty-two (22) days of va- cation per The Xxxxxx Union academic year (i.e., on and between September 1 through August 31 of the succeeding year) ("Option A"), or a ten (10) month work year with forty- four (44) days of vacation per The Xxxxxx Union academic year ("Option B"). Each Bar- gaining Unit Librarian hired on or before August 31, 1989, may change an election to work under either Option A or Option B, as the case may be, upon giving six (6) months advance notice unless a lesser notice period is mutually agreeable in any particular in- stance. At the time that a new election takes effect, a Bargaining Unit Librarian who was working under Option B shall receive a proportionate wage increase in base salary to re- flect the proportionate increase in work to be performed under Option A. Likewise, a change from Option A to Option B will effect a proportionate reduction in base salary. Any Bargaining Unit Librarian hired after August 31, 1989, shall be hired pursuant to Op- tion A only. Probationary Bargaining Unit Librarians shall earn vacation on a pro-rata ba- sis until the next succeeding September 1 following the date of hire. Vacations for all Bargaining Unit Librarians shall be scheduled in a manner consistent with the operating requirements of The Xxxxxx Union's Library operation. Subject to the reasonable operat- ing requirements of The Xxxxxx Union, each Bargaining Unit Librarian may take eleven
Vacation Options. (A) Employees have the option of taking all vacation earned and receiving twenty-two and one-half (22½) hours vacation pay for each week, or working and receiving pay for twenty-two and one- - 338 - half (22½) hours straight time in addition to hours worked, accord- ing to the following schedule. EARNED VACATION WEEKS / PAYMENT OPTION WEEKS 4 OR 5 3 6 OR 7 4
Vacation Options. A Crewmember may exercise the following options with his accrued vacation (The desired option(s) must be indicated on the bid form): Take the vacation in the calendar year, be paid in lieu of vacation, bank the vacation or a combination of the above.
Vacation Options. 9.6. VACATION SPLITS
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Vacation Options. A Crewmember may exercise the following options with his accrued vacation. The desired option(s) must be indicated on the bid form. Take the vacation in the calendar year, be paid in lieu of vacation, bank the vacation or a combination of the above. If the Crewmember elects pay in lieu of vacation, he will still bid and the vacation payment will be made within forty-five (45) Days of the date when the Crewmember was scheduled to take his vacation. Sold or banked vacation awards will be published and awarded on a first- come, first-served basis.

Related to Vacation Options

  • Coverage Options Eligible employees may select coverage under any one of the dental plans offered by the Employer, including health maintenance organization plans, the State Dental Plan, or other dental plans. Coverage offered through health maintenance organization plans is subject to change during the life of this Agreement upon action of the health maintenance organization and approval of the Employer after consultation with the Joint Labor/Management Committee on Health Plans. However, actuarial reductions in the level of HMO coverages effective during the term of this Agreement, including increases in copayments, require approval of the Joint Labor/Management Committee on Health Plans. Coverage offered through the State Dental Plan is determined by Section 7A2.

  • Extension Option Provided the original Tenant (or tenant under a Permitted Transfer) named herein is itself occupying greater than seventy-five percent (75%) of the Premises at the time of giving its notice to exercise its option and at the commencement of the Extension Term (as defined herein), Tenant shall have the right and option to extend the Term for one (1) additional period of five (5) years (“Extension Term”). The right and option to so extend the term shall be personal to the Tenant executing this Lease and such right and option may not be assigned or transferred to any other party or entity. The Extension Term is to commence immediately upon expiration of the initial two (2) year Term (the “Original Term”), provided that Tenant shall give Landlord notice of Tenant’s exercise of such option by no later than nine (9) months and no earlier than twelve (12) months prior to the then scheduled expiration of the Original Term, and provided further that no Default exists at the time of giving such notice or at the commencement of the Extension Term. If a Default exists at the time of giving such notice or at the time of commencement of the Extension Term, Tenant’s exercise of such option shall, at the option of Landlord, be null and void and of no further force and effect. Prior to the exercise by Tenant of any such option, the expression “Term” shall mean the Original Term. Except as expressly otherwise provided in the following paragraph, all the terms, covenants, conditions, provisions and agreements in the Lease contained herein shall be applicable to the Extension Term, except that there shall be no further extension terms. If Tenant shall give notice of its exercise of said option to extend in the manner and within the time period provided aforesaid, the Term shall be extended upon the giving of such notice without the requirement of any further action on the part of either Landlord or Tenant. If Tenant shall fail to give timely notice of the exercise of such option as aforesaid, Tenant shall have no right to extend the Term of this Lease, time being of the essence of the foregoing provisions. The Annual Base Rent payable during the Extension Term shall be the greater of (a) an amount equal to the Fair Market Rent for the Premises as of the commencement date of the Extension Term or (b) the Annual Base Rent payable in the year immediately preceding the Extension Term. The Fair Market Rent shall be determined in accordance with the provisions set forth below. If for any reason the Annual Base Rent payable during the Extension Term has not been determined as of the commencement date of the Extension Term, Tenant shall pay the Annual Base Rent payable for the year immediately preceding the commencement of the Extension Term until the Annual Base Rent for the Extension Term is determined, at which time, an appropriate adjustment, if any, shall be made. The Fair Market Rent shall mean the anticipated rent for the Premises as of the commencement of the Extension Term tinder market conditions then existing. No later than the one (1) month after Tenant’s Extension Notice, Landlord shall notify Tenant of Landlord’s estimate of the Fair Market Rent. No later than fifteen (15) days after such notification, Tenant may dispute Landlord’s estimate of Fair Market Rent upon written notice thereof to Landlord which written notice shall contain Tenant’s estimate of the Fair Market Rent. If Tenant disputes Landlord’s estimate of Fair Market Rent within such fifteen (15) day period, then the Fair Market Rent shall be determined by agreement between Landlord and Tenant during the next thirty (30) day period (the “Discussion Period”), but if Landlord and Tenant are unable to agree upon the Fair Market Rent during the Discussion Period, then the Fair Market Rent shall be determined by the determination of a board of three (3) M.A.I, appraisers as hereafter provided, each of whom shall have at least five (5) years experience in the Lexington office rental market and each of whom is hereinafter referred to as “appraiser”, Tenant and Landlord shall each appoint one such appraiser and the two appraisers so appointed shall appoint the third appraiser (the “Neutral Appraiser”) which Neutral Appraiser shall have no then-existing relationship with Landlord or Tenant. The cost and expenses of each appraiser appointed separately by Tenant and Landlord shall be borne by the party who appointed the appraiser. The cost and expenses of the third appraiser shall be shared equally by Tenant and Landlord. Landlord and Tenant shall appoint their respective appraisers no later than fifteen (15) days after the expiration of the Discussion Period and shall designate the appraisers so appointed by notice to the other party. The two appraisers so appointed and designated shall appoint the Neutral Appraiser no later than fifteen (15) days after the end of the Discussion Period and shall designate such appraiser by notice to Landlord and Tenant. The Neutral Appraiser shall then choose either the Landlord’s estimate of Fair Market Rent or the Tenant’s estimate of Fair Market Rent as the Fair Market Rent of the space in question as of the commencement of the Extension Term and shall notify Landlord and Tenant of its determination no later than sixty (60) days after the end of the Discussion Period. The Fair Market Rent of the subject space determined in accordance with the provisions of this Section shall be deemed binding and conclusive on Tenant and Landlord. Notwithstanding the foregoing, if either party shall fail to appoint its appraiser within the period specified above (such party referred to hereinafter as the “failing party”) the other party may serve notice on the failing party requiring the failing xxxxx to appoint its appraiser within ten (10) days of the giving of such notice and if the failing party shall not respond by appointment of its appraiser within said (10) day period, then the appraiser appointed by the other xxxxx shall be the sole appraiser whose choice of either the Landlord’s or the Tenant’s estimate of Fair Market Rent shall be binding and conclusive upon Tenant and Landlord. All times set forth herein are of the essence.

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