Bonus Vacation Allowance Sample Clauses

Bonus Vacation Allowance. ‌ A bonus vacation allowance shall be accrued at the rate of one (1) additional day of annual vacation allowance for each full twenty-five (25) days of earned sick leave credited to an employee’s Service Date of Employment up to a maximum of five (5) bonus vacation days. Any bonus vacation allowance shall be credited on the employee’s Service Date of Employment and shall be accrued during the subsequent service year on a monthly basis in accordance with the following schedule: Years of Service Monthly Accrual Annual Accrual (full 12 months) 25 earned days 0.083 1 day 50 earned days 0.166 2 days 75 earned days 0.250 3 days 100 earned days 0.333 4 days 125 earned days 0.416 5 days Bonus days shall be credited as heretofore and the monthly factor thereby derived will remain in effect until the employee’s Service Date of Employment when a changed monthly factor, if applicable, will be implemented for the employee’s next service year.
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Related to Bonus Vacation Allowance

  • Vacation Allowance Employees in permanent positions are entitled to vacation with pay. Accrual is based upon straight time hours of working time per calendar month of service and begins on the date of appointment to a permanent position. Increased accruals begin on the first of the month following the month in which the employee qualifies. Accrual for portions of a month shall be in minimum amounts of one (1) hour calculated on the same basis as for partial month compensation pursuant to Section 5.6 of this MOU. Vacation credits may be taken in one (1) minute increments but may not be taken during the first six (6) months of employment (not necessarily synonymous with probationary status) except where sick leave has been exhausted; and none shall be allowed in excess of actual accrual at the time vacation is taken.

  • 000 VACATION ALLOWANCE 19.100 Vacation Pay will be in accordance with vacation pay rates established in the attached Maintenance Wage, Benefit and Overtime Schedule.

  • Vacation Bonus Employees shall receive one day's base pay (or adjusted earnings) for each year of service beyond twenty-five (25) years, to a maximum of ten (10) days’ pay.

  • Vacation Payout Where an employee requests in writing to have a specific number of vacation days paid out, and the Employer agrees to the request, the Employer will issue pay in lieu of vacation. Pay in lieu of vacation, if agreed, will be granted only after a minimum of 15 days' vacation time has already been taken in the year.

  • Separation Allowance 13.01 Should it become necessary to close the plant or a portion of the plant and it is not expected that those affected will be re-employed, a separation allowance will be paid to employees subject to the following:

  • Sick Leave Allowance Faculty with a full-time assignment shall accrue sick leave at the rate of eight

  • Relocation Allowance An employee who is promoted and required by agency policy to relocate his residence shall be granted time off with pay for one workday for this purpose. In addition, the employee shall be granted travel time to the new location based on the most direct route. No employee will be credited with more than the number of hours in the employee’s regular workday and such time shall not be counted as hours worked for the purpose of computing compensatory time or overtime.

  • Annual Vacation Pay Vacation pay shall be paid at the regular hourly rate of the Nurse in effect immediately prior to the Nurse taking vacation.

  • Education Allowance Provisions in existing Collective Agreements providing for educational allowances shall be continued in effect.

  • TERMINATION ALLOWANCE In the event of closure of all or part of the Employer’s retail store, which results in the permanent lay-off of any employees, the employer agrees to pay each employee so affected, in accordance with Company policy, the following: • Less than one (1) completed year of service: according to Employment Standards (if any). • A year or more but less than five (5) completed years of service: one (1) week’s pay for each completed year of service. • More than five (5) completed years of service: five (5) weeks for the first five (5) years of service plus one and a half (1.5) weeks per completed year of service for each subsequent year up to a maximum of thirty (30) weeks in total.

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