Second and Subsequent Years of Employment Sample Clauses

The 'Second and Subsequent Years of Employment' clause defines the terms and conditions that apply to an employee after their first year of service with an employer. Typically, this clause outlines changes to benefits, salary adjustments, vacation entitlements, or notice periods that differ from those in the initial year. Its core function is to clarify how employment terms evolve over time, ensuring both parties understand their ongoing rights and obligations beyond the probationary or introductory period.
Second and Subsequent Years of Employment. At the beginning of the second or subsequent years of any period of service with the Company, the employee will be credited with ten (10) days personal (sick) leave entitlement.
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Second and Subsequent Years of Employment. He shall not be entitled during the second or subsequent year of any period of service with an employer to leave in excess of ten (10) days of ordinary working time, or in excess of 80 hours of ordinary working time in the case of an employee who normally works more than eight (8) ordinary hours on any day.
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Second and Subsequent Years of Employment. At the end of the second and subsequent years of employment, unused personal leave accrues by the lesser of: (i) 64 hours less the number of hours of personal leave taken during the year; or (ii) the balance of the year's unused personal leave.
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Related to Second and Subsequent Years of Employment

  • Employment Period Compensation In consideration of the other provisions of this Agreement, and the Executive’s agreement to execute a Release Agreement, substantially in the form attached hereto as Exhibit B, in the event of his termination under relevant circumstances pursuant to which he would be paid severance benefits, ESC shall provide the Executive with the following payments and benefits, both those set forth in this section and elsewhere in this Agreement:

  • Severance Period For purposes of this Agreement, “Severance Period” means the period of time commencing immediately after Executive’s separation of service from the Company through the date that is six (6) months following such separation date, plus an additional two (2) months for every fully completed Year of Service; provided, however, that in all cases the Severance Period will end no later than on the twelve (12)-month anniversary of the date of Executive’s termination of employment.

  • Vacation Earnings for Partial Years ‌ (a) During the first partial year of service a new employee will earn vacation at the rate of one and one-quarter days for each month for which they earn 10 days' pay. (b) During the first and subsequent vacation years an employee will earn one-twelfth of the annual entitlement for each month in which the employee has received at least 10 days' pay at straight-time rates. Where an employee has taken more vacation than earned, the unearned portion taken shall be charged against future earned credits or recovered upon termination whichever occurs first.

  • Annual Compensation The Executive’s “Annual Compensation” for purposes of determining severance payable under this Agreement shall be deemed to mean the sum of (i) the annual rate of Base Salary as of the Date of Termination, and (ii) the cash bonus, if any, earned by the Executive for the calendar year immediately preceding the year in which the Date of Termination occurs.

  • Salary Benefits and Bonus Compensation 3.1 BASE SALARY. Effective July 1, 2000, as payment for the services to be rendered by the Employee as provided in Section 1 and subject to the terms and conditions of Section 2, the Employer agrees to pay to the Employee a "Base Salary" at the rate of $180,000 per annum, payable in equal bi-weekly installments. The Base Salary for each calendar year (or proration thereof) beginning January 1, 2001 shall be determined by the Board of Directors of Avocent Corporation upon a recommendation of the Compensation Committee of Avocent Corporation (the "Compensation Committee"), which shall authorize an increase in the Employee's Base Salary in an amount which, at a minimum, shall be equal to the cumulative cost-of-living increment on the Base Salary as reported in the "Consumer Price Index, Huntsville, Alabama, All Items," published by the U.S. Department of Labor (using July 1, 2000, as the base date for computation prorated for any partial year). The Employee's Base Salary shall be reviewed annually by the Board of Directors and the Compensation Committee of Avocent Corporation.