Vacation Pay/Paid Time Off Sample Clauses

Vacation Pay/Paid Time Off. Energizer and the Energizer Group ----------------------------- will assume (or, as applicable, retain) all liability for unpaid vacation pay and other paid time off accrued by Energizer Employees and Former Energizer Employees prior to the Distribution Date. On and after the Distribution Date, Xxxxxxx and the Xxxxxxx Group will have no liability for vacation pay or other paid time off for Energizer Employees and Former Energizer Employees. Xxxxxxx and the Xxxxxxx Group will retain (or, as applicable, assume) all liability for unpaid vacation pay and other paid time off accrued by Xxxxxxx Employees and Former Xxxxxxx Employees prior to the Distribution Date. After the Distribution Date, Energizer and the Energizer Group will have no liability for vacation pay or other paid time off for Xxxxxxx Employees and Former Xxxxxxx Employees.
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Vacation Pay/Paid Time Off. As of the Distribution Date, the SpinCo Group shall recognize all of the Transferred Individuals' accrued and unused vacation benefits consistent with the terms of the vacation policies of Parent applicable to the Transferred Individuals as is in effect on the Distribution Date and shall assume or retain liability for all unpaid vacation pay, sick pay, and personal leave accrued by Transferred Individuals as of the Distribution Date.
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Vacation Pay/Paid Time Off. As of the Distribution Date, the Xxxxxx Group shall recognize all the Active Zimmer Employees' accrued and unused vacation benefits consistent with the terms of the vacation policies of Xxxxxxx-Xxxxx Squibb applicable to the Active Zimmer Employees as is in effect on the Distribution Date and shall assume or retain Liability for all unpaid vacation pay, sick pay and personal leave accrued by Active Zimmer Employees as of the Distribution Date.
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Vacation Pay/Paid Time Off. Vulcan will pay each Transferred Business Employee for any and all accrued but unused vacation and paid time off to which he or she is entitled effective as of his or her Employment Date. Non-represented Transferred Business Employees will be eligible to earn and take vacation benefits under Purchaser's policy commencing on their respective Employment Dates (taking into account SECTION 10.1(e)). Represented Transferred Business Employees will be eligible to earn and take vacation benefits consistent with the terms of the applicable collective bargaining agreement commencing on their respective Employment Dates (taking into account SECTION 10.1(e)).
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Vacation Pay/Paid Time Off. Effective as of the -------------------------- Closing Date, Seller shall assume Liability for all unpaid vacation pay and paid time off earned or accrued by the Transferred Employees prior to and on the Closing Date and the Final Working Capital shall be adjusted to reflect the reduction of such liabilities, notwithstanding anything herein to the contrary. As of the Closing Date, neither Purchaser nor Xxxxxxx XX shall have any Liability for such vacation pay or paid time off for such Transferred Employees.
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Related to Vacation Pay/Paid Time Off

  • Vacation; Paid Time Off During the Employment Term, the Executive shall be entitled to fifteen (15) paid vacation days per calendar year (prorated for partial years) in accordance with the Company’s vacation policies, as in effect from time to time that is at least as favorable as that provided to other similarly situated executives of the Company. The Executive shall receive other paid time-off in accordance with the Company’s policies for executive officers as such policies may exist from time to time.

  • 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.

  • Part-time Vacation Pay If the Employer currently has the computer systems’ capability to implement bi- weekly vacation pay, they shall do so by the start of the next vacation year or earlier. Those Employers with no computer capability will endeavour to implement bi- weekly vacation pay if there is no significant administrative burden, by the start of the next vacation year or earlier. If the Employer does not so implement, it will provide reasons in writing to the Union. Where possible without extensive programming changes, the amount of vacation pay will be separately identified on the pay stub.

  • 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.

  • Vacation Pay (d) Paid Union leaves. All other payments, premiums, allowances etc. are excluded.

  • Time Off The company recognises that sufficient time off to attend to personal matters and for recreation are important to the employee’s wellbeing, job satisfaction and overall productivity. Accordingly, time off may be taken with the consent of the Company, which shall not be unreasonably withheld. In considering the approval to have time off, the Parties will have regard to the current works programme and the urgency of the reason for time off. In the event that time off is to be taken, it will be the employee’s obligation to advise the Company in advance or as soon as practicable on the day of absence, recognising that unplanned absences can cause costly disruption to programmed works and are a major source of annoyance for the company, other employees and clients. The object of offering flexible working hours is that in return employees will take very seriously their obligation to turn up when they are expected. In view of the disruption caused by unplanned and or notified absenteeism, repeated failure to observe the protocol for time off would constitute misconduct.

  • Vacation and Paid Time Off The Executive shall be entitled to vacation and paid time off in accordance with the standard policies of the Company for executives as in effect from time to time.

  • Accrued Salary and Paid Time Off On the Separation Date, the Company will pay you all accrued salary, and all accrued and unused vacation earned through the Separation Date, subject to standard payroll deductions and withholdings. You are entitled to these payments by law.

  • Vacation Buy Back Employees shall have the option of requesting pay in lieu of time off up to a maximum of 144 hours of vacation time each year, during each year of the contract in increments of eight (8) hrs. Such requests are subject to the approval of the department head and the availability of funds.

  • Vacation; Sick Leave During the Employment Term, the Executive shall be entitled to not less than four (4) weeks of vacation during each calendar year and sick leave in accordance with the Company’s policies and practices with respect to its executives.

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