Banking of Vacation. An employee may, at his/her discretion place one (1) week per year of entitled vacation in a “bank”, up to a limit of eight (8) weeks, for the following uses:
Banking of Vacation. 1. The practice of banking vacation for retirement shall be limited to 240 hours for 53 hour schedule employees and 172 hours for 40 hour schedule employees.
Banking of Vacation. Employees with a minimum of four (4) weeks vacation may bank weeks in excess of three (3) weeks vacation entitlement for use prior to retirement (see appendix “D” for details).
Banking of Vacation. Employees with a minimum of four (4) weeks vacation may bank weeks in excess of three (3)weeks vacation entitlement for use prior to retirement (see appendix for details). An employee who quits or is dismissed or is laid off shall receive vacation pay at the time their employment ceases, except that an employee who has been temporarily laid off shall receive vacation pay at the time of their vacation. Total earnings shall mean the amount of wages, overtime payments, vacation payments, Workplace Safety and Insurance Board payments (excluding any pension or lump sum payments), weekly indemnity payments, payments received from week carve-out while on Weekly Indemnity, Parental Leave and allowances provided in Article except and As of July for calculation for Vacation Pay on payments, payments, and payments received from week carve-out while on of the current hourly regular time rate will be used to calculate total earnings. Note: Employees who are laid off while they are on a Weekly Indemnity claim shall not be credited with Vacation Pay beyond the date of the layoff. Vacation earned in respect of any year or part thereof ending June shall be taken during the immediatelysucceeding year ending June 30th. Vacation shall normally be taken during the plant shutdown and shall normally be one continuous three (3) week period. Where possible, the Company will attempt to have the vacation shutdown during the last two (2) weeks of July and the first week of August. Employees with vacation entitlement in excess of the plant shutdown period, would schedule such vacation entitlement at a time mutually agreed upon between the employee and the Company. The Company reserves the right to limit the number of employees off on vacation from a specific department at any one time and seniority will be the deciding factor. Starting April employees will be polled for the purpose of scheduling vacations. Once vacations have been scheduled on the basis of seniority, then those vacations so scheduled cannot be changed until after April If an employee wants to change his or her vacation then he or she can only reschedule his or her vacation after April for openings that are available on a first come first serve basis. Furthermore if any employee changes departments due to succeeding on a posting the Company may adjust their vacation to ensure adequate coverage for that department. The vacation schedule for the applicable department shall be available for inspection during the posting p...
Banking of Vacation. Employees who are entitled to more than three (3) weeks vacation with pay in any year shall be permitted to accumulate all vacation in excess of three (3) weeks to which they may be entitled in any year. Employees who elect to accumulate (Bank) vacation under this provision, shall notify the Company not later than October 1 preceding the vacation year during which such vacation will be accumulated (Banked). Any vacation week earned that is banked shall be paid to the employee upon termination of employment by retirement or otherwise at the regular operator’s rate in effect at the time vacation was earned.
