Vacation Payment. The following vacation payment guidelines must be observed.
Vacation Payment. A lump sum cash payment in an amount equal to his earned, but not taken, vacation days through the date of Executive’s Covered Termination, subject to applicable withholding for income and employment taxes. Such vacation payment shall be paid as soon as practicable following his Covered Termination date in accordance with the Company’s normal payroll policies and practices.
Vacation Payment. A full-time employee, on request, following necessary documentation, shall be entitled to receive his vacation pay in the regular pay period immediately preceding the commencement of the vacation period.
Vacation Payment. Pursuant to any understandings, current or otherwise, the parties agree to be bound by the following:
Vacation Payment. Subject to Sections 9 and 15 and the other terms and conditions of this Agreement, the Executive shall be paid, immediately upon the date the Release is effective and irrevocable, an amount equal to $160,275, which represents the Executive’s excess accrued but unused vacation as of December 21, 2012, payable in a single lump sum. The Parties hereto acknowledge that the Company has had a practice of paying out accrued but unused vacation upon an employee’s termination of employment, but that such amounts generally have been limited to four times the annual number of vacation days. Therefore, the Executive retains the right to a payment of up to $236,845 for 140 days of accrued vacation as of the Effective Date. Any accrued but unused vacation as of the date the Executive’s employment with the Company terminates will be payable upon the Executive’s termination of employment. For the avoidance of doubt, the Executive will have no right to accrue vacation in excess of 140 days following the Effective Date.
Vacation Payment. Less than ten (10) month employees shall have vacation pay added to their regular pay and are not otherwise entitled to vacation.
Vacation Payment. Employees desiring an advance vacation payment must make application for same not later than five weeks prior to commencing their vacation. The advance vacation payment shall be 4% of the employee's previous year's earnings, less an appropriate amount (approximately 30%) to cover standard deductions.
Vacation Payment. Employees who separate from City service shall be paid for accumulated vacation. If, at the time of separation, the employee owes the City money, the vacation accumulated pay-off will be reduced by the amount owed.
Vacation Payment. Vacation pay will be based on the employee's hourly rate and regular working day (not to exceed eight hours) immediately previous to the vacation period (or immediately previous to the date of layoff or retirement in cases provided for in Section D, above).
Vacation Payment. The qualifying threshold set forth in Section A14.2(f) for payments in lieu of vacation shall not apply to any days assigned pursuant to this Agreement.
