Banking of Vacation and Holiday Pay Sample Clauses

Banking of Vacation and Holiday Pay. Employees who have been with the company for a minimum of six months may request to have their Vacation and Holiday Pay banked by the Employer and paid out to them on their regular cheque upon their request.. Seven (7) days prior notice from the employee is required. Upon the end of employment with the Employer, the full amount will be paid out to the employee on their final cheque.
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Related to Banking of Vacation and Holiday Pay

  • HOLIDAYS AND HOLIDAY PAY 117. A holiday is calculated based on an eight (8) hour day. The following days are designated as holidays:

  • Vacation and Holidays Executive will receive four weeks of paid vacation each year in addition to all holidays observed by the Company and its subsidiaries. Executive may carry over, in the aggregate, up to four weeks of unused vacation to a subsequent year. Any unused vacation time in excess of four weeks will not accumulate or carry over from one calendar year to the next. Each calendar year, Executive shall take not less than one (1) week vacation.

  • OVERTIME AND HOLIDAY PAY 5.3.1 All hours worked by an employee in excess of eight (8) hours per shift and in excess of forty (40) straight time hours per week shall be paid for at the rate of one and one-half times the straight time rate. All hours worked by an employee in excess of ten (10) hours per shift and all hours worked on Sunday shall be paid at the rate of double the straight time rate.

  • Holiday Pay A. On each of the holidays designated above, each full-time employee scheduled to work but permitted to take the day off shall receive pay computed at the employee's basic hourly rate for the number of hours the employee was regularly scheduled to work.

  • Paid Holiday Pay Payment for holidays will be made at an employee’s basic pay, except if an employee has been working in a higher paid position than her regular position for a majority of the sixty (60) working days preceding her holiday, in which case she shall receive the higher pay.

  • Holiday Coinciding with a Day of Vacation Where an employee is on vacation leave and a day of paid holiday falls within that period, the paid holiday shall not count as a day of vacation.

  • Vacations and Holidays The Executive will be entitled to three (3) weeks' paid vacation each calendar year in accordance with the vacation policies of the Employer in effect for its executive officers from time to time. The Executive will also be entitled to the paid holidays and other paid leave set forth in the Employer's policies. Vacation days during any calendar year that are not used by the Executive during such calendar year may be used in any subsequent calendar year; provided, however, that no more than six weeks' paid vacation may be accrued or carried forward.

  • Paid Holiday Bank Employees qualify in accordance with the collective agreement. The paid holidays are identified in the Collective Agreement. Credit to the paid holiday bank will occur on the date of the holiday. Drawing from the paid holiday bank will occur at an accelerated rate of 1.25 hours paid for every hour taken (i.e. 11.25 hours worked equals 14.05 hours paid; 7.5 hours worked equals 9.375 hours paid).

  • Civic Holiday Labour Day Thanksgiving Day Christmas Day (December 25) Boxing Day (December 26) In addition to the above noted holidays, full-time employees will be eligible for two (2) floating holidays. The float holiday will be scheduled at a mutually agreeable time prior to the end of the calendar year.

  • Public Holiday 6.1 The Worker shall be entitled to public holidays in accordance with the labour laws in Malaysia.

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