Document ID: 11811

Text:
13.3| On termination of the Employment, the Executive will be paid in lieu of accrued but untaken holiday. The amount of the payment in lieu is calculated on the basis that each day of paid holiday is equivalent to 1/260th of the salary. If the Executive has taken more days paid holiday than his accrued entitlement, the Company may deduct the appropriate amount for such excess holiday from any payments due to the Executive. For this purpose each day of paid holiday is calculated on the basis that it is equivalent to 1/260th of the salary. ---|---

Named Entities:
44
46
Ratio

Tokenized Text:
13
.
3
|
On
termination
of
the
Employment
,
the
Executive
will
be
paid
in
lieu
of
accrued
but
untaken
holiday
.
The
amount
of
the
payment
in
lieu
is
calculated
on
the
basis
that
each
day
of
paid
holiday
is
equivalent
to
1
/
260th
of
the
salary
.
If
the
Executive
has
taken
more
days
paid
holiday
than
his
accrued
entitlement
,
the
Company
may
deduct
the
appropriate
amount
for
such
excess
holiday
from
any
payments
due
to
the
Executive
.
For
this
purpose
each
day
of
paid
holiday
is
calculated
on
the
basis
that
it
is
equivalent
to
1
/
260th
of
the
salary
.
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