Vacation Pay Policy Sample Clauses

Vacation Pay Policy. Company shall assume liability for accrued but unpaid vacation of Affected Business Employees, determined under generally accepted accounting principles consistently applied, as of the Effective Date. After the Effective Date, it is expected that Company shall maintain for its employees a vacation pay policy, and Company shall be responsible for costs incurred to provide vacation pay to Company employees following such date. Periods of employment by Affected Business Employees with the FDC Group prior to the Effective Date shall be taken into account under Company's vacation pay policy for purposes of determining the amount of vacation to which such employees are entitled.
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Vacation Pay Policy. After the Distribution Date, it is expected ------------------- that Edwards shall maintain for its employees and employees of its Subsidiaries a vacation pay policy, and Edwards (or the applicable Edwards Subsidiary) shall be responsible for costs incurred to provide vacation pay to Edwards Employees following such date. Edwards (or the applicable Edwards Subsidiary) shall assume any and all Baxter Liabilities to provide to Edwards Employees vacation that such persons accrued under the Baxter vacation pay policy as of the Distribution Date, and no payment of such accrued vacation pay shall be made by Baxter (or the applicable subsidiary) on the Distribution Date.
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Vacation Pay Policy. After the Closing Date, it is expected that Xxxxxxx Optionholder shall maintain for its employees a vacation pay policy, and Xxxxxxx Optionholder shall be responsible for costs incurred to provide vacation pay to Transferred Employees following such date. Xxxxxxx Optionholder shall assume any and all Xxxxxx Japan Liabilities to provide to Transferred Employees vacation that such persons accrued under the Xxxxxx Japan vacation pay policy as of the Closing Date, and no payment of such accrued vacation pay shall be made by Xxxxxx Japan on the Closing Date.
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Vacation Pay Policy. After the Effective Date, Consulting and its Subsidiaries shall maintain for the Consulting Employees a vacation pay policy and Consulting
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Vacation Pay Policy. After the Bunkatsu Date, it is expected that ELL shall maintain for its employees a vacation pay policy, and ELL shall be responsible for costs incurred to provide vacation pay to Transferred Employees following such date. ELL shall assume any and all BKK Liabilities to provide to Transferred Employees vacation that such persons accrued under the BKK vacation pay policy as of the Bunkatsu Date, provided, however, that any such accrued vacation is properly reflected on the books and records of BKK in accordance with Japan GAAP. BKK shall not be obligated to pay for any such accrued vacation pay.
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Vacation Pay Policy. After the Spin-Off Date, it is expected that Allegiance shall maintain for its employees and employees of its Subsidiaries a vacation pay policy and Allegiance (or the applicable Allegiance Subsidiary) shall be responsible for costs incurred to provide vacation pay to employees of Allegiance and its Subsidiaries following such date. Allegiance (or the applicable Allegiance Subsidiary) shall assume any and all Xxxxxx liabilities to provide to Allegiance Employees vacation which such persons accrued under the Xxxxxx vacation pay policy as of the Spin-Off Date, and no payment of such accrued vacation pay shall be made by Xxxxxx (or the applicable subsidiary) on the Spin-Off Date.
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Vacation Pay Policy. After the Effective Date, Consulting and its Subsidiaries shall maintain for the Consulting Employees a vacation pay policy and Consulting shall be responsible for costs incurred to provide vacation pay to employees of Consulting following such date. Consulting shall assume any and all KPMG liabilities to provide to Consulting Employees who immediately before the Effective Date were employees of KPMG or any Benefit Subsidiary, vacation which such persons accrued under the KPMG vacation pay policy as of the Effective Date, and no accrued vacation shall be payable by KPMG (or its Benefit Subsidiaries) on or after the Effective Date. Consulting acknowledges that Consulting Employees who immediately before the Effective Date were partners or principals of KPMG may be entitled to unused vacation under KPMG’s vacation policy for which no liability has been accrued by KPMG and it is expected that Consulting shall credit such Consulting Employees with such unused vacation under Consulting’s vacation pay policy.
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Related to Vacation Pay Policy

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

  • VACATION PLAN 2 All employees in the bargaining unit shall earn paid vacation time 3 under this Article. Vacation benefits are earned on a fiscal year 4 basis--July 1 to June 30.

  • VACATION AND VACATION PAY 9.01 All employees who are covered under this Agreement shall receive vacation pay as a percent of the employee's total earnings exclusive of the Employer's contribution to the Union's Benefit Plan. Income tax shall be deducted weekly from the employee's earnings increased by the amount of vacation pay.

  • Benefits; Vacation Employee shall be eligible to receive all benefits as are available to similarly situated employees of Employer generally, and any other benefits that Employer may, in its sole discretion, elect to grant to Employee from time to time. In addition, Employee shall be entitled to four (4) weeks paid vacation per year, which shall be pro-rated for the first partial year of employment and shall accrue in accordance with Employer’s policies applicable to similarly situated employees of Employer.

  • Vacation Benefits During the Term, the Executive shall be eligible for 20 vacation days annually, which shall be accrued and used in accordance with the applicable policies of the Company. During the Term, the Executive shall be eligible to participate in such medical, dental and life insurance, retirement and other plans as the Company may have or establish from time to time on terms and conditions applicable to other senior executives of the Company generally. The foregoing, however, shall not be construed to require the Company to establish any such plans or to prevent the modification or termination of such plans once established.

  • VACATIONS AND VACATION PAY 9.01 All employees who are covered under this Agreement shall receive vacation pay as a percent of the employee's total earnings exclusive of the Employer's contribution to the Union's Pension, Health Benefit Plan, Education and Assistance Fund and Industry Fund. Income tax shall be deducted weekly from the employee's earnings increased by the amount of vacation pay.

  • Vacation Pay on Termination An employee whose employment is terminated shall receive vacation pay at the appropriate percentage of the wages or salary earned during the period of entitlement in accordance with the employee's years of service.

  • Standard Company Benefits Executive shall be entitled to participate in all employee benefit programs for which Executive is eligible under the terms and conditions of the benefit plans that may be in effect from time to time and provided by the Company to its employees. The Company reserves the right to cancel or change the benefit plans or programs it offers to its employees at any 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.

  • Vacation Bonus Employees shall receive one day's base pay (or adjusted earnings) for each year of service beyond twenty-five (25) years, to a maximum of ten (10) days’ pay.

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