UNUSED VACATION definition

UNUSED VACATION for the avoidance of doubt, ▇▇▇▇▇ will be paid on or before February 29, 2004 for any earned but unused vacation as of December 31, 2003. ▇▇▇▇▇'▇ Initials /s/ DK ------------
UNUSED VACATION means the balance of 60 vacation days (the amount of vacation days that have previously been earned by you which you presently have not used) less the number of such aforementioned vacation days hereafter used by you prior the termination or expiration of your agreement with Acclaim.
UNUSED VACATION. All unused or carried over vacation time accumulated in the year of termination after an employee's first anniversary date, up to and including the employee's last day worked, shall be paid at termination of employment, at the employee's current base rate. This does not apply to the vacation bonus when the employee has not completed the minimum service specified. It is understood that employees may not carry vacation time over to the following year without the written consent of the Company.

Examples of UNUSED VACATION in a sentence

  • UNUSED VACATION LEAVE SCHEDULE 0 - 9 400 hours 10 - 19 472 hours 20 + years 520 hours Such payment shall be calculated on the employee's base hourly pay rate at the time of separation or death exclusive of all shift differential, biweekly adjustments, salary incentive pay or any other addition beyond the base rate.

  • If during the Term the Executive resigns for Good Reason or is terminated without Cause: THE COMPANY WILL PAY EXECUTIVE (A) HIS SALARY AND UNUSED VACATION PAY THROUGH THE LAST DAY OF HIS EMPLOYMENT WITH THE COMPANY, (B) HIS UNPAID REIMBURSABLE BUSINESS EXPENSES INCURRED BY HIM THROUGH THE LAST DAY OF HIS EMPLOYMENT WITH THE COMPANY.

  • ONE WEEK OF UNUSED VACATION MAY BE CARRIED OVER (ACCRUED) INTO THE FOLLOWING YEAR.

  • UP TO 2 WEEKS OF ANY UNUSED VACATION ENTITLEMENT FROM A GIVEN YEAR MAY BE CARRIED OVER INTO THE IMMEDIATELY SUBSEQUENT YEAR.

  • IN ADDITION TO ANY SEVERANCE PAYMENT PAYABLE HEREUNDER, IN ANY EVENT OF TERMINATION OR EXPIRATION OF THIS AGREEMENT, IFE SHALL PAY YOU FOR ALL ACCRUED BUT UNUSED VACATION, WHICH AMOUNT SHALL BE PAID TO YOU, LESS ALL APPROPRIATE DEDUCTIONS AND WITHHOLDINGS, IN A SINGLE PAYMENT NOT MORE THAN THIRTY (30) DAYS FOLLOWING THE EFFECTIVE DATE OF SUCH TERMINATION OR EXPIRATION.

  • WHEN EMPLOYEES WHO HAVE 3+YEARS OF EMPLOYMENT WITH THE TOWN OF PITTSFIELD, GIVE 2 WEEKS NOTICE BEFORE LEAVING EMPLOYMENT THEY WILL BE COMPENSATED FOR UP TO 2 WEEKS OF UNUSED VACATION.

  • UNUSED VACATION LEAVE SCHEDULE Years of Service Maximum Paid Hours 0 - 9 400 hours 10 - 19 472 hours 20 + years 520 hours Such payment shall be calculated on the employee's base hourly pay rate at the time of separation or death exclusive of all shift differential, biweekly adjustments, salary incentive pay or any other addition beyond the base rate.

  • UPON DELIVERY OF SUCH NOTICE THE COMPANY MAY, IN ITS SOLE DISCRETION, GIVE THE TERMINATION IMMEDIATE OR SUCH EARLIER EFFECT AS IT SPECIFIES BY PAYING TO EMPLOYEE IN A LUMP SUM ANY SALARY THAT WOULD BE PAYABLE BETWEEN SUCH DATE AND THE DATE OF TERMINATION STATED IN THE NOTICE, BUT IN NO EVENT MORE THAN ONE MONTH'S SALARY, PLUS OUTSTANDING EXPENSES AND ANY ACCRUED BUT UNUSED VACATION, LESS ANY DEDUCTIONS REQUIRED BY LAW OR AUTHORIZED BY EMPLOYEE.

  • WHEN EMPLOYEES WHO HAVE 1+ YEARS OF EMPLOYMENT WITH THE TOWN OF PITTSFIELD, GIVE 2 WEEKS NOTICE BEFORE LEAVING EMPLOYMENT THEY WILL BE COMPENSATED FOR UP TO 1 WEEK OF UNUSED VACATION.

  • SELLER SHALL OTHERWISE INDEMNIFY AND HOLD PURCHASER HARMLESS, TO THE EXTENT PURCHASER IS NOT OTHERWISE LIABLE, ON ACCOUNT OF ANY CLAIM BY ANY BUSINESS EMPLOYEES WITH RESPECT TO ANY AMOUNTS OWED TO SUCH BUSINESS EMPLOYEES FOR SEVERANCE OR UNUSED VACATION AND SICK LEAVE EARNED AS OF THE CLOSING DATE.


More Definitions of UNUSED VACATION

UNUSED VACATION means those hours of "time off with pay" (TOWP) or vacation fringe benefit hours accumulated to the benefit account of the eligible Employee of the beginning of a plan year in which compensation is deferred. Unused vacation hours will be converted to compensation at the employee's hourly base pay rate for the year previous to the plan year.