Common use of Banking Vacations Clause in Contracts

Banking Vacations. (a) Employees with less than five (5) weeks of vacation entitlement per Clause 21.04(c) above, and who have five (5) years or more of continuous service, will be permitted to bank up to one (1) week of vacation in any calendar year and take it in the following calendar year or later. (b) Employees with five weeks or more of vacation entitlement per Clause 21.04(c) above will be permitted to bank up to two (2) weeks of vacation in any calendar year and take it in the following calendar year or later. (c) The maximum banking of vacation which will be allowed pursuant to this Clause

Banking Vacations. (a) Employees with less than five (5) weeks of vacation entitlement per Clause 21.04(c) above, and who have five (5) years or more of continuous service, will be permitted to bank up to one (1) week of vacation in any calendar year and take it in the following calendar year or later. (b) Employees with five weeks or more of vacation entitlement per Clause 21.04(c) above will be permitted to bank up to two (2) weeks of vacation in any calendar year and take it in the following calendar year or later. (c) The maximum banking of vacation which will be allowed pursuant to this ClauseClause 21.09 shall be as follows: (i) one (1) week of banked vacation for an employee who is entitled to three (3) weeks of vacation per Clause 21.04(c) above. (ii) four (4) weeks of banked vacation for an employee who is entitled to four (4) or more weeks of vacation per Clause 21.04(c) above.