Executive leave definition

Executive leave means annual paid leave that is granted to an employee assigned on a regular or out-of-class basis to an eligible salaried title.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Executive leave means annual paid leave that is granted to an eligible salaried employee.

Executive leave means 3 days per year granted in conformance with this ordinance to employees not otherwise eligible for compensatory time.

Examples of Executive leave in a sentence

• The effective date of termination ("Effective Date") shall be considered to be thirty (30) days subsequent to written notice of termination; however, the Company may elect to have Executive leave the Company immediately.

• Executive leave cannot be cashed out or carried over to the next calendar year.

• Executive leave cannot be cashed out or carried over the next calendar year.

• The effective date of termination ("Effective Date") shall be considered to be thirty (30) days subsequent to written notice of termination; however, the Company may elect to have Executive leave the Company and its subsidiaries immediately upon issuance of the aforementioned written notice.

• Should the Executive leave the employment of the Bank in accordance with the Early Retirement Date (Subparagraph III [C]) and has served 30 (thirty) years, the Executive’s benefit shall be reduced by one half of one percent (.05%) for each month the Executive leaves prior to Normal Retirement Age.

• The Company must grant the Executive leave in accordance with applicable law.

• For an employee who is a member of the Provincial Executive of the Union and who is required to attend executive meetings of the Provincial Executive, leave with pay not exceeding thirty-seven point five (37.5) hours in any one (1) year.

• For an employee who is a member of the Provincial Executive of the Association and who is required to attend executive meetings of the Provincial Executive, leave with pay not exceeding thirty-seven point five (37.5) hours in any one (1) year.

• Except as provided herein, should Executive leave the employment of the Corporation, Executive will neither take nor retain, without prior written authorization from the Corporation, any papers, client lists, fee books, client records, files, or other documents or copies thereof or other confidential information of any kind belonging to the Corporation pertaining to the Corporation's clients, business, sales, financial condition, or products.

• Executive leave is a benefit provided in recognition of the hours in excess of forty (40) hours per week, which may be necessary but are not directly compensated on an hourly basis.

More Definitions of Executive leave

Executive leave. As provided in Personnel Rule 3.7.5 (“Occasional Absences of Less than Four Hours”), employees in positions that are eligible for executive and merit leave shall fulfill their professional responsibilities with no expectation of overtime compensation. The appointing authority shall allow them discretion in structuring their workday to ensure that they can fulfill those responsibilities. Eligible salaried employees shall not be required to use their paid leave balances for occasional absences of four hours or less during a work day, and shall be paid their regular salaries despite such absences. Eligible salaried employees shall notify their supervisors in advance of such absences and shall schedule such absences to cause the least impact on their work units. Such absences shall not interfere with the employee’s ability to produce his or her expected work outcomes.

Executive leave shall be defined as leave time granted to EMPLOYEE in lieu of sick, management, or vacation leave and is in lieu of any rights to compensatory or overtime pay.

Executive leave. Employees who are exempt from the overtime provisions of the

Executive leave means time off with pay in full day increments granted each calendar year at the discretion of the department director or county executive to FLSA- exempt employees whose duties require the employee to work substantially in excess of the standard work schedule on an ongoing, regular basis.