Floating Holidays definition

Floating Holidays not used by December 31st of the year in which it was received shall not carry over into the following year and may not be redeemed for monetary compensation at any time. In the event an employee follows the appropriate notice requirements and is denied the use of his/her “floating holiday(s)” and as a result is unable to use the “floating holiday(s)” by the end of the calendar year, that employee may carry over his/her “floating holiday(s)” to the next calendar year. Any “floating holiday(s)” carried over must be used by December 31st of the following year.
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Floating Holidays. The Court shall annually review the possibility of exchanging a judicial holiday for a floating holiday. The Court is not obligated to permit such an exchange; only to review the concept and allow it i f it is feasible. The Court shall review other Courts' holiday structure and consider whether any changes should be proposed.
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Floating Holidays three floating holidays after weeks' continuous service. Sick Leave: credits for one-half day at pay for each month of accumulated service. and Plan: optional at employee's cost.
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Examples of Floating Holidays in a sentence

  • The holiday schedule for 52-week employees in this unit, whose regularly, scheduled work hours are 30 hours per week or more: Independence Day New Year’s Day Labor Day Xxxxxx Xxxxxx Xxxx Day Columbus Day Presidents’ Day Veteran’s Day Good Friday Thanksgiving Day Memorial Day Day after Thanksgiving Two Additional Floating Holidays Christmas Day Such floating holidays will be established jointly by the District and the Union prior to the beginning of the fiscal year for each year of the contract.

  • In addition to recognized holidays, regular full-time employees will receive four (4) Floating Holidays, which must be taken in the fiscal year or lost.

  • All full-time bargaining unit employees shall be entitled to the following paid holidays each calendar year: New Year’s Day President’s Day Good Friday Easter Sunday Memorial Day Independence Day Labor Day Veterans Day Thanksgiving Day Christmas Day Two (2) Employee Floating Holidays The specified holidays shall be observed, for purposes of determining holiday pay eligibility, from 10:01 P.M. the day before until 10:00 P.M. the day of the holiday.

  • Floating Holidays In addition, all full-time employees are entitled to three floating paid holidays each year.

  • Employees shall observe the following holidays: New Year's Day Xxxxxx Xxxxxx Xxxx, Xx. Day Presidents' Day Memorial Day Independence Day Labor Day Veteran's Day Thanksgiving Day Day after Thanksgiving Christmas Eve Christmas Day Day after Christmas New Year's Eve *Two (2) Floating Holidays or 16 hours (see below) *(Effective the first pay period of January of each year, each full-time employee, will receive two (2) floating holidays (16 hours) for use during the calendar year.

  • New Year’s Day Labor Day President’s Day Veteran’s Day Easter Day Thanksgiving Day Memorial Day Christmas Day Independence Day Three (3) Floating Holidays Employees shall receive eight (8) hours of holiday pay at their straight time rate of pay for each recognized holiday.

  • New hires will receive prorated Floating Holidays, based on their hire date.

  • Under this Agreement, Floating Holidays cannot be carried over from year to year, nor are they cashed out at the time of termination.

  • Effective the date this Agreement is executed, time off will be awarded as “Paid Time Off” and the award of time formerly known as Vacation, Floating Holidays or Personal Leave Holidays, Employee Birthday Holiday, and Sick Leave will cease.

  • Except for Floating Holidays, holidays shall be observed on the actual date of the holiday.


More Definitions of Floating Holidays

Floating Holidays. In addition to the holidays stipulated in Section 1 above, upon completion of one (1) year’s service, an employee will be entitled to three (3) paid holidays in each year of service thereafter. These will be known as “floating” holidays to be taken at a time mutually agreeable to the Employer and the employee on a first request basis, without regard to seniority. Floating holidays cannot be carried over into the next calendar year.
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Floating Holidays. Two floating holidays shall be credited to bargaining unit employees on July 1 of each year of the Agreement. New employees hired between January 1 to June 30 shall be credited with one floating holiday. Supervisors must pre- approve the scheduling of floating holidays. Floating holidays must be used in the fiscal year and cannot be carried over. Floating holidays have no cash value other than as payment for a day taken off that an employee would otherwise work. Such holidays may not be sold back to the County. Floating holidays are not required to be used as whole day absences. In addition to the above-approved holidays, employees will be granted any day declared or approved by the County Court.
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Floating Holidays. The First Selectman will make every effort to designate the Floating Holiday on or before July 1st of the fiscal year.
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Floating Holidays shall be arranged at a time agreeable to the employees and management, taking into full consideration work force requirements and work conditions. If two employees designated the same days as their floating holiday, it shall be awarded to the employee with the most seniority. This time may be used in one hour increments.
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Floating Holidays. The floating holidays shall be taken by eligible employees as follows: Employees must request scheduling preference of floating holidays two (2) weeks in advance. The actual day selected shall be by mutual agreement. Any floating holidays not scheduled by September 1 of each year shall be assigned or paid by the Employer before December 31 of each year. The Employer will approve a minimum of one (1) floating holiday per day per department in any week by seniority. Floating holidays shall not be taken in a week which contains another holiday, unless mutually agreed. Employees must be on the payroll on January 1 of each year to be eligible for the floating holidays for that calendar year. Part-Time Employees: Part-time employees shall receive holiday pay based on the average number of hours worked during the week prior to the holiday week and the week in which the holiday occurs according to the following schedule: Average hours Holiday pay 20 to 24 hours 4 hours 25 to 31 hours 6 hours 32 and over 8 hours Requirements: No employee shall receive pay for any holidays not worked unless such employee has reported for work on his or her regular working day next preceding, the day of, and next following said holiday. Employees shall be deemed to have reported for work if absence on said day before and the said day after said holiday is due to express permission from or action of the Employer and/or Employer's representative, and also in case of certified illness, provided the employee has worked during the holiday week. Employees on leave of absence are not eligible for holiday pay. Full-time employees normally working four (4), ten (10) hour shifts, shall work/be scheduled a minimum of four (4), eight (8) hour shifts in a holiday workweek exclusive of work performed on the holiday.
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Related to Floating Holidays

  • Holidays means a public holiday for the purpose of Section 25 of the Negotiable Instruments Act, 1881 or such other day on which the office of the Authority remains closed for the day.

  • public holiday means any day that is a public holiday in terms of the Public Holiday Act, 1994 (Act No. 36 of 1994);

  • Holiday means the twenty-four (24) hour period commencing at 0001 hours of a day designated as a paid holiday in this Agreement.

  • Floating Rate Period shall have the meaning set forth in Section 2.05(b) hereof.

  • Bank Holiday means any day that is specified or proclaimed as a bank holiday, pursuant to section 1 of the Banking and Financial Dealings Act 1971;

  • Weekend means a Saturday and the following Sunday, assuring a minimum of fifty-six (56) hours off duty;

  • Weekday means Monday – Friday.

  • Floating Rate Interest Period means, during the Floating Rate Period, the period beginning on (and including) a Floating Rate Period Interest Payment Date and ending on (but excluding) the next succeeding Floating Rate Period Interest Payment Date; provided that the first Floating Rate Interest Period will begin on (and include) April 18, 2025 and will end on (but exclude) the first Floating Rate Period Interest Payment Date.

  • Afternoon shift means any shift finishing after 6.00pm and at or before midnight.

  • Floating Rate Convention means that each relevant date shall be the date which numerically corresponds to the preceding such date in the calendar month which is the number of months specified in the applicable Final Terms as the Specified Period after the calendar month in which the preceding such date occurred; provided, however, that:

  • Unscheduled Holiday means a day that is not a Settlement Business Day and the market was not aware of such fact (by means of a public announcement or by reference to other publicly available information) until a time later than 9:00 a.m. local time in the principal financial centre of the Specified Currency two Settlement Business Days prior to the relevant Rate Fixing Date. As soon as the Calculation Agent is aware of such an Unscheduled Holiday, they shall inform the Issuer promptly.

  • Floating Rate Calculation Date means, for any Quarterly Floating Rate Period, the 30th day prior to the first day of such Quarterly Floating Rate Period.

  • Quotation Date means, in relation to any Interest Period (or any other period for which an interest rate is to be determined under any provision of a Finance Document), the day on which quotations would ordinarily be given by leading banks in the London Interbank Market for deposits in the currency in relation to which such rate is to be determined for delivery on the first day of that Interest Period or other period;

  • TARGET2 Business Day means, a day in which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) System is open.

  • Working Day means a day (other than a Saturday or Sunday) on which banks are open for general business in the City of London.

  • Quarterly Floating Rate Period means, for the initial Quarterly Floating Rate Period, the period commencing on September 20, 2018 and ending on and including December 19, 2018, and thereafter the period from and including the day immediately following the end of the immediately preceding Quarterly Floating Rate Period to but excluding the next succeeding Quarterly Commencement Date.

  • Floating Rate Advance means an Advance which bears interest at the Floating Rate.

  • Legal Holiday means a Saturday, a Sunday or a day on which banking institutions in the City of New York or at a place of payment are authorized by law, regulation or executive order to remain closed. If a payment date is a Legal Holiday at a place of payment, payment may be made at that place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue on such payment for the intervening period.