Vacation Bank definition

Vacation Bank means the balance of a Flight Attendant‘s accrued vacation.
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Vacation Bank means the balance of a Flight Attendant’s accrued vacation.
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Vacation Bank. Means the system or program maintained by the Club Manager to allow Members to save and Bank unused Use Periods for use in later years.
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Examples of Vacation Bank in a sentence

  • The Employee may, if he/she wishes, charge any of this time to his/her Vacation Bank and retain the court fee.

  • Accrued vacation earned in one payroll year shall be used prior to the end of the last payroll period ending in December of the following year or it shall be transferred to the Vacation Bank, if possible.

  • His or her Vacation Bank shall be reduced by the same amount of hours paid.

  • When a University holiday falls during an Employee's vacation, he/she shall be paid for the holiday and it shall not be deducted from his/her Vacation Bank.

  • For the duration of this Agreement only, if an employee reaches the maximum accrual as allowed, then all additional vacation earned will be added to the employee's "Vacation Bank".

  • Accrued Vacation Bank must be used prior to the effective date of retirement.

  • Subject to the provisions outlined above, your annual vacation benefit is credited to your Vacation Bank each January 1, up to the Vacation Benefit Cap, as provided below.

  • If your employment terminates, you will be paid an amount equivalent to the earned but unused vacation benefit in your Vacation Bank at the time of separation.

  • Vacation Bank: Vacation credits will be earned, and utilized at an accelerated rate of 1.25 hours earned or utilized for every hour worked or taken as vacation.

  • The Vacation Benefit Cap under this Plan is two times your normal vacation benefit, which means the amount of vacation in your Vacation Bank cannot exceed two times the amount of vacation you earn for a calendar year under the Normal Vacation Benefit Schedule, as provided above.Once you reach the Vacation Benefit Cap, you will not earn additional vacation benefit until the January 1 following the year in which the balance reduces below the Vacation Benefit Cap.


More Definitions of Vacation Bank

Vacation Bank means at any point in time, the bank of hours that an employee has accrued according to the Monthly Vacation Hours Accrual Table, less hours taken, as Vacation Hours.
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Related to Vacation Bank

  • Termination Base Salary means that amount equal to Executive’s annual base salary with the Company at the rate in effect immediately prior to the Change of Control or, if a greater amount, Executive’s annual base salary at the rate in effect at any time thereafter.

  • Vacation means annual vacation with pay.

  • Employee Account means any brokerage account or unit investment trust account in which the Van Kampen Employee has any direct or indirect beneficial ownership.

  • Benefits Continuation Period has the meaning set forth in Section 6.01(b).

  • Retention Account means, an interest bearing USD account in the name of the Borrowers opened or (as the context may require) to be opened by the Borrowers with the Bank and includes any sub-accounts thereof and any other account designated in writing by the Bank to be the Retention Account for the purposes of this Agreement;

  • Base Compensation means the amount equal to the sum of (i) the greater of Executive’s then-current Annual Base Salary or Executive’s Annual Base Salary as of the date one day prior to the Change in Control, and (ii) the Average Incentive Bonus.

  • main phase employment and support allowance means an employment and support allowance where the calculation of the amount payable in respect of the applicant includes a component under section 2(1)(b) or 4(2)(b) of the Welfare Reform Act 2007 except in Part 1 of Schedule 1;

  • Salary Reduction Agreement means an agreement between a dis- trict and an employee to reduce the employee’s salary for the pur- pose of making direct contributions to or purchases of a qualified investment product. Art. 6228a-5, Sec. 4(5), Tex. Rev. Civ. Stat.

  • income-related employment and support allowance means an income-related allowance under Part 1 of the Welfare Reform Act 2007;

  • Operating Account Is defined in Section 7-3.

  • converted employment and support allowance means an employment and support allowance which is not income-related and to which a person is entitled as a result of a conversion decision within the meaning of the Employment and Support Allowance (Existing Awards) Regulations 2008;

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

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

  • Compensation Accrued at Termination means the following:

  • 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).

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

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • Vacation Year means the twelve (12) month period commencing on the first day of April in each calendar year and concluding on the last day of March of the following calendar year.

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • Salary reduction plan means a benefit plan whereby state and

  • Savings Account means an account, which is based on Mudarabah and its profit shall be calculated based on the profit earned on any balance maintained above the minimum threshold or average threshold (as may be agreed upon with the Bank).

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

  • Retirement Date means the date as of which a Participant retires for reasons other than Total and Permanent Disability, whether such retirement occurs on a Participant's Normal Retirement Date or Late Retirement Date (see Section 6.1).

  • Benefit Continuation Period means the period beginning on the Date of Termination and ending on the last day of the month in which occurs the earlier of (i) the 24-month anniversary of the Date of Termination and (ii) the date on which you elect coverage for you and your covered dependents under substantially comparable benefit plans of a subsequent employer.

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.

  • Projected Annual Benefit means the annual retirement benefit (adjusted to an actuarially equivalent straight life annuity if such benefit is expressed in a form other than a straight life annuity or qualified joint and survivor annuity) to which the Member would be entitled under the terms of the plan assuming:

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