VACATION AND RETIREMENT Sample Clauses

VACATION AND RETIREMENT. 12.01 All Full-time Drivers will accumulate vacation pay and vacation leave at the following rate: completion - 1 year of Full-time employment - 4% and 2 weeks completion - 4 years of Full-time employment - 6% and 3 weeks completion - 9 years of Full-time employment - 8% and 4 weeks completion -13 years of Full-time employment -10% and 5 weeks
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VACATION AND RETIREMENT. 15.01 All Full-time employees will accumulate vacation pay and vacation leave at the following rate: Completion of 1 year of Full-time employment vacation pay will continue to accumulate at 4% and the employee will be entitled to 2 weeks off; Completion of 5 years of Full-time employment beginning with the first pay period in the month after an employee has completed 5 years of service, vacation pay will accumulate at 6%. Employee will be entitled to 3 weeks off once he has completed 6 years of service; Completion of 10 years of Full-time employment beginning with the first pay period in the month after an employee has completed 10 years of service, vacation pay will accumulate at 8%.Employee will be entitled to 4 weeks off once he has completed 11 years of service; Completion of 20 years of Full-time employment beginning with the first pay period in the month after an employee has completed 20 years of service, vacation pay will accumulate at 10%. Employee will be entitled to 5 weeks off once he has completed 21 years of service.
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VACATION AND RETIREMENT. (a) Any Regular Employee:
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VACATION AND RETIREMENT. This letter will confirm that it will not be the Company’s practice to require an employee who is retiring to take any of the current years vacation entitlement prior to his retirement, except as required in Article 17.05 (Vacation Shutdown) or as may be required by law.
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VACATION AND RETIREMENT. This letter will confirm that it will not be the Company's practice to require an employee who is retiring to take any of the current years vacation entitlement prior to his retirement, except as required in Article (Vacation Shutdown) or as may be required by law. Contracting Out Supporting the Company’s commitment in Section and maintaining the significant reductions made in contractor levels, the Company commits to an ongoing process to continue efforts to reduce the number of contractors performing Production, Development, Maintenance and Services work which is normally performed by employees in our Mines and Plants. Reduction may occur through a combination of actions, which may include elimination of the work, current employees taking on the work or the hiring of additional employees. In order to manage the contracting out the following specific commitments to manage contracting out levels are made for the term of this agreement: At each operation the Chief Xxxxxxx and the Senior Management Representative at the operation will meet monthly to review current and proposed contracting at the operation in order to develop plans to minimize contracting consistent with the factors described in Article of the Collective Agreement. The Business Units will continue to provide the Union with monthly reports of the work contracted and these will be reviewed at the Management meetings as provided for in Article (Union-Management Meetings) of the Collective Agreement. This review will:
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VACATION AND RETIREMENT. 12.01 All Drivers will accumulate vacation pay and vacation leave at the following rate:
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VACATION AND RETIREMENT. 12.01 All Full-time Operators will accumulate vacation pay and vacation leave at the following rate: completion - 1 year of Full-time employment - 4% and 2 weeks completion - 4 years of Full-time employment - 6% and 3 weeks completion - 9 years of Full-time employment - 8% and 4 weeks completion -13 years of Full-time employment -10% and 5 weeks
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VACATION AND RETIREMENT. I All Full-time employees will accumulate vacation pay and vacation leave at the following rate: Completion of I year of Full-time employment, vacation pay will continue to accumulate at and the employee will be entitled to weeks off. Completion of years of Full-time employment, beginningwith the first pay period in the month after an employee has completed years of service, vacation pay will accumulate at An employee will be entitled to weeks off once he has completed years of service. Completion of IO years of Full-time employment. beginning with the first pay period in the month after an employee has completed IO years of service. vacation pay will accumulate at An employee will be entitled to weeks off once he has completed I I years of service. Completion of years of Full-time employment, beginningwith the first pay period in the month after an employee has completed years of service. vacation pay will accumulate at An employee will be entitled to weeks off once he has completed years of service. Vacation pay for Part-time employees will accumulate at the rate of until they have completed six years of continuous service and six percent thereafter. Vacation pay will be paid to full-time employees by direct deposit at the time the pay period is processed, in which the vacation days, to which the vacation pay relates, fall. With advance notice to payroll, an employee can ask for payout of accumulated Vacation Pay provided the Employee has taken the required by Law vacation time off in any calendar year. Vacations will be subject to approval by management and the operating requirements of the Company. Restrictions may be placed on the time of vacation, number of consecutive weeks and the number of employees off by job classification at the same time. Vacation will be requested on a seniority basis.
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VACATION AND RETIREMENT. Mx. Xxx hereby affirms his intent to retire from his employment with the Company effective as of April 28, 2008. During the period beginning March 17, 2008 and ending April 28, 2008, Mx. Xxx shall be available to provide transitional support to the new Chief Financial Officer of the Company and shall continue to be entitled to participate in all employee benefit plans and programs which are provided to salaried employees employed by the Company at the Company’s offices at 3000 Xxxx Xxxxx Xxxx, Xxxxxxx, Xxx Xxxx 00000 (such offices being hereinafter the “Buffalo Office”). It is understood and agreed that Mx. Xxx has five (5) weeks of paid vacation available to him and that, accordingly, Mx. Xxx shall not be required to report to the offices of the Company during the period beginning March 18, 2008 and ending April 28, 2008. In connection with the foregoing, the Company shall pay Mx. Xxx his regular wages through March 28, 2008 and shall pay Mx. Xxx for his accrued and unused vacation during the period beginning March 29, 2008 through April 28, 2008. The payments required to be made to Mx. Xxx pursuant to this Section 2 shall be made to Mx. Xxx in accordance with the Company’s standard payroll practices for employees employed at the Buffalo Office.
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Related to VACATION AND RETIREMENT

  • Resignation and Retirement Any Trustee may resign his trust or retire as a Trustee, by written instrument signed by him and delivered to the other Trustees or to any officer of the Trust, and such resignation or retirement shall take effect upon such delivery or upon such later date as is specified in such instrument.

  • Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all other savings and retirement plans, practices, policies and programs, in each case on terms and conditions no less favorable than the terms and conditions generally applicable to the Company’s other executive employees.

  • Retirement Retirement" shall mean voluntary termination by the Executive in accordance with the Employers' retirement policies, including early retirement, generally applicable to their salaried employees.

  • Disability; Retirement If, as a result of your incapacity due to physical or mental illness, You shall have been absent from the full-time performance of your duties with the Company for 6 consecutive months, and within 30 days after written notice of termination is given You shall not have returned to the full-time performance of your duties, your employment may be terminated for "Disability." Termination of your employment by the Company or You due to your "Retirement" shall mean termination in accordance with the Company's retirement policy, including early retirement, generally applicable to its salaried employees or in accordance with any retirement arrangement established with your consent with respect to You.

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • Normal Retirement Unless Separation from Service or a Change in Control occurs before Normal Retirement Age, when the Executive attains Normal Retirement Age the Bank shall pay to the Executive the benefit described in this section 2.1 instead of any other benefit under this Agreement. If the Executive’s Separation from Service thereafter is a Termination with Cause or if this Agreement terminates under Article 5, no further benefits shall be paid.

  • Pre-Retirement Death Benefits Should the Executive die while --------- ----------------------------- in the service of the Bank and prior to the occurrence of his 55th birthday, the Bank will pay $2,070 per month for a continuous period of 120 months to the Beneficiary or Beneficiaries of the Executive. The first such monthly installment payment shall be made on a date to be determined by the Bank, but in no event later than the first day of the sixth calendar month following the calendar month in which the Executive died. In the event of the death of the last living Beneficiary before all installment payments shall have been made, the balance of any payments which remain unpaid at the time of such Beneficiary's death shall be commuted on the basis of eight percent (8%) per annum compounded interest and shall be paid in a single sum to the estate of the last Beneficiary to die. In the absence of any such beneficiary designation, or if no Beneficiary survives the Executive, any payments remaining unpaid at the Executive's death shall be commuted on the basis of eight percent (8%) per annum compounded interest and shall be paid in a single sum to the Executive's estate.

  • Severance Compensation upon Termination of Employment If the Company shall terminate the Executive’s employment other than pursuant to Section 5(a), (b) or (c) or if the Executive shall terminate his employment for Good Reason, then the Company shall pay to the Executive as severance pay in a lump sum, in cash, on the fifth day following the Date of Termination, an amount equal to three (3) times the average of the aggregate annual compensation paid to the Executive during the three (3) fiscal years of the Company immediately preceding the Change of Control by the Company subject to United States income taxes (or, such fewer number of fiscal years if the Executive has not been employed by the Company during each of the preceding three (3) fiscal years).

  • Incentive, Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.

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