Calculation of Paid Vacation Time Sample Clauses

Calculation of Paid Vacation Time. An eligible school-term employee will receive up to 80 hours of paid vacation time. The amount of paid vacation time is prorated to the amount of hours worked by the school-term employee in the previous year. The actual number of hours worked in the previous school year is divided by 2000. This resulting fraction is multiplied by 80 hours resulting in the amount of paid vacation hours to which the school-term employee is eligible. Example One. A school-term employee worked 5 hours per day for 172 days in the previous school year. The school-term employee is eligible to 34.4 hours of paid vacation time. 5 hours x 172 days = 860 hours worked 860 hours worked ÷ 2000 = .43 .43 x 80 hours = 34.4 hours of paid vacation time Example Two. A school-term employee works 7 hours per day for 172 days. The school-term employee also completes 80 hours of summer work. The school- term employee is eligible for 51.36 hours of paid vacation time. 7 hours x 172 days = 1204 hours worked 1204 hours worked + 80 hours of summer work = 1284 total hours 1284 hours worked ÷ 2000 = .642 .642 x 80 hours = 51.36 hours of paid vacation time