Common use of Accrued Vacation Clause in Contracts

Accrued Vacation. The Executive will receive payment for accrued but unused vacation, which payment will be equitably prorated based on the period of active employment for that portion of the calendar year in which the Termination in Connection With a Change in Control occurs.

Appears in 2 contracts

Samples: Purchase Agreement (College Oak Investments, Inc.), Employment Agreement (Rent Way Inc)

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Accrued Vacation. The Executive will receive payment for accrued but unused vacation, which payment will be equitably prorated based on the period of active employment for that portion of the calendar year in which the Termination in Connection With a Change in Control occursExecutive's termination becomes effective.

Appears in 2 contracts

Samples: Purchase Agreement (College Oak Investments, Inc.), Employment Agreement (Rent Way Inc)

Accrued Vacation. The Executive will receive payment for accrued but unused vacation, which payment will be equitably prorated based on the period of active employment for that portion of the calendar fiscal year in which the Termination Executive’s termination of employment becomes effective. Payment for accrued but unused vacation will be payable in Connection With a Change one lump sum in Control occursthe next payroll period following the date of termination of employment.

Appears in 1 contract

Samples: Employment Agreement (Computer Task Group Inc)

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Accrued Vacation. The Executive will receive payment for accrued but unused vacation, which payment will be equitably prorated based on the period of active employment for that portion of the calendar year in which the Termination Executive's termination of employment becomes effective. Payment for accrued but unused vacation will be payable in Connection With a Change in Control occursone lump sum on the effective date of termination of employment.

Appears in 1 contract

Samples: Employment Agreement (Rent Way Inc)

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