Vacation Benefits definition

Vacation Benefits. Employee shall receive four (4) weeks of vacation per year accrued on a monthly basis.
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Vacation Benefits means benefits paid during the latter part of each Plan Year to Employees who qualify on the basis of hours worked in Covered Employment during each Plan Year. The amount of Vacation Benefit payable to an Employee who qualifies for payment depends on the number of preceding years in which the Employee had sufficient Qualifying Hours worked and the Employee’s rate of pay.
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Vacation Benefits. Employee shall receive five (5) weeks of vacation per year accrued on a monthly basis.
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Examples of Vacation Benefits in a sentence

  • Upon return from approved leave, the employee will receive their allotted vacation time as outlined in Section 4.1 Vacation Benefits.

  • Vacation Benefits: Accrued and unused vacation benefits are due consistent with state law.

  • Vacation Benefits: The Contractor shall transfer funds to the successor Contractor(s) in an amount equal to the dollar value of the accrued vacation liability assumed by the successor Contractor(s).

  • All regular employees will be eligible for the following benefits, provided that the qualifications for the receiving of these benefits are met: VACATION time will be paid for accrued, unused vacation time up to the date of separation as detailed in Section 301, Vacation Benefits.

  • When Do Paid Vacation Benefits First Become Available?Eligible employees begin earning paid vacation benefits immediately upon commencement of work but may not use paid vacation benefits until they have completed six months of employment with the Library.

  • R 2532 Vested Vacation Benefits PayableThis code is used to record vested vacation benefits.

  • During such leave seniority shall accumulate, Insurance Benefits shall be suspended after thirty (30) days of such leave, and Annual Vacation Benefits shall be suspended immediately.

  • Examples include Prepaid Legal Services, Scholarship Funds, Day‐Care Centers, Vacation Benefits, Apprenticeship or other Training Benefits, Holiday/Severance Benefits, and Housing Assistance Benefits.

  • Vacation Benefits Vacation time off with pay is available to eligible employees.

  • No employee or participant shall have the option to receive, instead of Vacation Benefits, any part of the employer payments made on his behalf.


More Definitions of Vacation Benefits

Vacation Benefits means accrued and ----------------- unpaid vacation earned by any Employee up to and including the Closing Date while employed by Sellers.
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Vacation Benefits. Employee shall receive four (4) weeks of vacation per year accrued on a monthly basis. EOTT ENERGY LLC DANA R. GIBBS
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Vacation Benefits. You shall have four weeks paid vacation during each year of this Agreement taken at such times as mutually convenient to you and the Company. You will retain all vacation benefits currently accrued through Gold Ranch. Such accrued benefits will be transferred with your employment by the Sands Regent. Xxx, I believe your skills and enthusiasm will be a huge asset to our Company and I look forward to working with you in the future. Best wishes, /s/ Xxxxxx X. Xxxxx Xxxxxx Xxxxx, President and Chief Executive Officer AGREED to this 3rd day of January 2002. /s/ Xxx Xxxxxxxx Xxx Xxxxxxxx
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Related to Vacation Benefits

  • Separation Benefits has the meaning accorded such term in Section 3.04.

  • Termination Benefits means the benefits described in Section 4.1(b).

  • Employment benefits means all benefits provided or made

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • Severance Pay means any amount that is payable in cash and is identified by a Participating Company as severance pay, or any amount which is payable on account of periods beginning after the last date on which an employee (or former employee) is required to report for work for a Participating Company.

  • Accrued Benefits shall include the following amounts, payable as described herein: (i) all base salary for the time period ending with the Termination Date; (ii) reimbursement for any and all monies advanced in connection with the Executive's employment for reasonable and necessary expenses incurred by the Executive on behalf of the Company and its Affiliates for the time period ending with the Termination Date; (iii) any and all other cash earned through the Termination Date and deferred at the election of the Executive or pursuant to any deferred compensation plan then in effect; (iv) notwithstanding any provision of any bonus or incentive compensation plan applicable to the Executive, a lump sum amount, in cash, equal to the sum of (A) any bonus or incentive compensation that has been allocated or awarded to the Executive for a fiscal year or other measuring period under the plan that ends prior to the Termination Date but has not yet been paid (pursuant to Section 5(f) or otherwise) and (B) a pro rata portion to the Termination Date of the aggregate value of all contingent bonus or incentive compensation awards to the Executive for all uncompleted periods under the plan calculated as to each such award as if the Goals with respect to such bonus or incentive compensation award had been attained; and (v) all other payments and benefits to which the Executive (or in the event of the Executive's death, the Executive's surviving spouse or other beneficiary) may be entitled as compensatory fringe benefits or under the terms of any benefit plan of the Employer, including severance payments under the Employer's severance policies and practices in the form most favorable to the Executive that were in effect at any time during the 180-day period prior to the Effective Date. Payment of Accrued Benefits shall be made promptly in accordance with the Employer's prevailing practice with respect to clauses (i) and (ii) or, with respect to clauses (iii), (iv) and (v), pursuant to the terms of the benefit plan or practice establishing such benefits.

  • Severance Benefits mean the payment of severance compensation as provided in Section 2.3 herein.

  • superannuation benefits means pensions, gratuities and other allowances payable on resignation, retirement or death;

  • Termination Benefit means the benefit set forth in Article 7.

  • Severance Compensation means the compensation set forth in (i), (ii), and (iv) above.

  • Severance Payments shall have the meaning set forth in Section 6.1 hereof.

  • Accrued Compensation means an amount which shall include all amounts earned or accrued through the "Termination Date" (as hereinafter defined) but not paid as of the Termination Date, including (i) base salary, (ii) reimbursement for reasonable and necessary expenses incurred by the Executive on behalf of the Company during the period ending on the Termination Date, (iii) vacation pay and (iv) bonuses and incentive compensation (other than the "Pro Rata Bonus" (as hereinafter defined)).

  • Severance Benefit means the payment of severance compensation as provided in Article III.

  • Change in Control Benefits means the following benefits:

  • superannuation benefit means any payment, other than a refund of contributions, made to a dentist by virtue of the application of the (a) National Health Service Pension Scheme Regulations 1995; or (b) the National Health Service Superannuation Scheme (Scotland) Regulations 1995 or (c) the corresponding provisions of the law in force in Northern Ireland; as a result of his providing general dental services;

  • Bereavement Pay Benefits means the benefits as set out in Article II hereof.

  • Health Benefits means health maintenance organization, insured or self-funded medical, dental, vision, prescription drug and behavioral health benefits.

  • Earned Compensation means any Annual Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on which the Employment Period ends pursuant to Section 3(a) (but excluding any salary and interest accrued thereon payment of which has been deferred).

  • Vested Benefits means amounts that are vested or that Executive is otherwise entitled to receive, without the performance by Executive of further services or the resolution of a contingency, under the terms of or in accordance with any investment and savings plan or retirement plan (including any plan providing retiree medical benefits) of the Company or its affiliates, and any ERPs or ESPs related thereto, and any deferred compensation or employee stock purchase plan or similar plan or program of the Company or its affiliates.

  • Severance Payment means any amount paid by a board to or in behalf of a superintendent on early termination of the superinten- dent’s contract that exceeds the amount earned by the superinten- dent under the contract as of the date of termination, including any amount that exceeds the amount of earned standard salary and benefits that is paid as a condition of early termination of the con- tract. Payments to a former superintendent who remains employed by a district in another capacity or contracts with a district to pro- vide the district services may be severance payments in whole or in part if the payments are compensation for the early termination of a prior employment agreement. Severance payments include any payment for actual or threatened litigation involving or related to the employment contract. Education Code 11.201(c); 19 TAC 105.1021(a)(1)

  • Termination Compensation means a monthly cash amount equal to one-twelfth ( 1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • Disability benefits means any cash payments which are payable to a covered individual for all or part of a period of disability pursuant to P.L.1948, c.110 (C.43:21-25 et al.).

  • Fringe benefits means the amount of:

  • Leave Salary means the monthly amount paid by the University to an employee who is on leave.

  • Retirement Benefit means the benefit set forth in Article 5.

  • Covered benefits or “benefits” means those health care services to which a covered person is entitled under the terms of a health benefit plan.