Vacation Credits definition

Vacation Credits means ownership interests in WorldMark that entitle the owner thereof to use WRDC Resorts that are owned by WorldMark.

Vacation Credits means ownership interests in WorldMark that entitle the owner thereof to use the Resorts owned by WorldMark.

Vacation Credits means ownership interests in WorldMark, represented by credits that entitle the owner thereof to use resorts developed by WRDC or in which WRDC sells vacation ownership interests.

Examples of Vacation Credits in a sentence

• Vacation Credits All employees shall participate in the County’s Terminal Pay Plan (Plan).

• Vacation Credits Upon Death‌ Earned but unused vacation entitlement shall be made payable, upon termination due to death, to the employee's dependant, or where there is no dependant, to the employee's estate.

• Service Vacation Credits 23 but less than 25 years 195.0 hours (26 days) 25 but less than 27 years 202.5 hours (27 days) 27 but less than 29 years 210.0 hours (28 days) 29 but less than 31 years 217.5 hours (29 days) 31 or more years 225.0 hours (30 days) Letter of Understanding Subject: Agreed Relocation Policy Employer to add text Letter of Understanding Subject: Level Descriptors The parties agree to update the language set out in the SE and TT “level descriptors”.

• When an Employee qualifies for Bereavement Leave during his/her period of vacation, there shall be no deduction from Vacation Credits for such occurrence.

• An employee on a paid leave of absence under this Agreement shall continue to accrue Seniority, Vacation Credits and other benefits.

More Definitions of Vacation Credits

Vacation Credits when used in this Agreement shall mean earned vacation entitlement in hours based on service and accumulated on a bi-weekly basis.

Vacation Credits. The vacation credits financed by an Obligor pursuant to a Contract.

Vacation Credits means the beneficial interest in the Club which represents an Owner’s usage rights.

Vacation Credits means ownership interests in WorldMark, The Club that (i) entitle the owner to use a fully-furnished vacation resort unit based on the number of Vacation Credits purchased and (ii) are created through the transfer to WorldMark, the Club of resort units developed or purchased by the Company in exchange for the right to sell Vacation Credits in these properties based on the number of credits available, as determined using a formula based on the number of user days available and the relative value of each property.

Vacation Credits means both Owner Vacation Credits and the Developer Vacation Credit, all of which comprise an undivided part or share of the Assets;

Vacation Credits means ownership interests in WorldMark that entitle the owner thereof to use WRDC Resorts that are owned by WorldMark. “WCF” shall mean Wyndham Consumer Finance, Inc., a Delaware corporation.

Vacation Credits. A deduction from an employee's vacation credits will be made for each day of approved vacation as follows: determined by length of workday. An employee off on a twelve (12) hour day, deduct x credit = credits).