Common use of Calculation of Entitlement Clause in Contracts

Calculation of Entitlement. Each Employee will accumulate payment for Student Vacation Periods (their “SVP Balance”) in hours, progressively throughout the term time worked by the Employee in each School Year subject to the following provisions: (a) The rate of accumulation is determined by the SVP Ratio. The SVP Ratio for a School Year is determined by dividing the total number of weekdays falling within student vacation periods by the total number of weekdays falling during term time. For the purposes of this calculation, public holidays falling on a weekday are counted as weekdays; (b) For the 2015 school year the SVP Ratio is 0.292 (being 59 weekdays falling within student vacation periods divided by 202 weekdays falling during term time); (c) For the 2016 school year the SVP Ratio is 0.279 (being 57 weekdays falling within student vacation periods divided by 204 weekdays falling during term time); (d) For every hour worked by an Employee during term time, that Employee’s SVP Balance will be increased by the amount of the SVP Ratio for that school year. For example, an Employee who works 10 hours will accumulate 2.92 hours to their SVP Balance in 2015; (e) For each hour an Employee is paid during a student vacation period, an hour will be deducted from the Employee’s SVP Balance.

Calculation of Entitlement. Each Employee will accumulate payment for Student Vacation Periods (their “SVP Balance”) in hours, progressively throughout the term time worked by the Employee in each School Year subject to the following provisions: (a) The rate of accumulation is determined by the SVP Ratio. The SVP Ratio for a School Year is determined by dividing the total number of weekdays falling within student vacation periods by the total number of weekdays falling during term time. For the purposes of this calculation, public holidays falling on a weekday are counted as weekdays; (b) For the 2015 2023 school year the SVP Ratio is 0.292 0.297 (being 59 60 weekdays falling within student vacation periods divided by 202 weekdays falling during term time); (c) For the 2016 2024 school year the SVP Ratio is 0.279 0.289 (being 57 59 weekdays falling within student vacation periods divided by 204 weekdays falling during term time); (d) For every hour worked by an Employee during term time, that Employee’s SVP Balance will be increased by the amount of the SVP Ratio for that school year. For example, an Employee who works 10 hours will accumulate 2.92 2.97 hours to their SVP Balance in 2015;2023. (e) For each hour an Employee is paid during a student vacation period, an hour will be deducted from the Employee’s SVP Balance.

Calculation of Entitlement. Each Employee Principal will accumulate payment for Student Vacation Periods (their “SVP Balance”) in hours, progressively throughout the term time worked by the Employee Principal in each School Year school year subject to the following provisions: (a) The rate of accumulation is determined by the SVP Ratio. The SVP Ratio for a School Year school year is determined by dividing the total number of weekdays falling within student vacation periods by the total number of weekdays falling during term timetime and rounded to three decimal places. For the purposes of this calculation, public holidays falling on a weekday are counted as weekdays;. (b) For Upon request from the 2015 school year Union, Employers will advise the Union of the SVP Ratio is 0.292 (being 59 weekdays falling within student vacation periods divided by 202 weekdays falling during term time);applicable in a given year. (c) For the 2016 school year the SVP Ratio is 0.279 (being 57 weekdays falling within student vacation periods divided by 204 weekdays falling during term time); (d) For every hour worked by an Employee a Principal during term time, that EmployeePrincipal’s SVP Balance will be increased by the amount of the SVP Ratio for that school year. For example, in a School Year with an Employee SVP Ratio of 0.286 (being 58 weekdays falling within student vacation periods divided by 203 weekdays falling during term time), a Principal who works 10 hours will accumulate 2.92 2.86 hours to their SVP Balance in 2015;Balance. (ed) For each hour an Employee a Principal is paid during a student vacation period, an hour will be deducted from the EmployeePrincipal’s SVP Balance.