Cash out of Vacation/Holidays Sample Clauses

Cash out of Vacation/Holidays. After the employee has the equivalent of at least fifteen (15) days of vacation, the employee has the option to cash out up to sixty (60) hours of vacation and/or holidays per year at the employee’s regular rate of pay (including longevity and educational incentives) to be paid out in November of the year for which the cash-out is sought.
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Related to Cash out of Vacation/Holidays

  • Vacation; Holidays The Executive shall be entitled to all public holidays observed by the Company and vacation days in accordance with the applicable vacation policies for senior executives of the Company, which shall be taken at a reasonable time or times.

  • Vacation, Holidays and Sick Leave During the Term, the Executive shall be entitled to paid vacation, paid holidays and sick leave in accordance with the Company's standard policies for its senior executive officers.

  • PLANT HOLIDAYS 12.01 The Company will recognize the following plant holidays: New Year’s Day Labour Day Xxxxx Xxxx Day Thanksgiving Day Good Friday Victoria Day Remembrance Day Canada Day Christmas Day Civic Holiday Boxing Day National Day for Truth and Reconciliation and any additional holidays as may be declared by the Provincial or Federal Governments. If by reason of an election, the Company is prevented from making deliveries to any area, the Company shall, wherever possible, reschedule work in the week so as to avoid layoffs. If any of the holidays should fall on a Saturday or Sunday, which is an employee’s non-working day, then the Company will designate the work day on which it will be observed. It is understood that either the preceding normal working day or the following normal working day shall be the designated holiday. In order to achieve operational flexibility, the Company may schedule a portion of the workforce to observe the holiday on the Friday and another portion of the workforce to observe the holiday on the Monday. 12.02 Employees will receive eight (8) hours straight time pay for each of such holidays without being required to work on such days provided that: (a) the employee has not been absent without permission on the last work day scheduled for them immediately prior to the day on which the said holiday is observed, or the first work day scheduled for them immediately after the day on which the said holiday is observed. (b) In cases where an employee has been on Weekly Indemnity or Workers Compensation and is cleared by their physician to return to work prior to or on the holiday, they will be eligible for pay for that holiday. (c) If any of the plant holidays above occur during an employee’s absence for which they are on Short Term Disability they shall receive the difference between regular pay and the amount they have received from Short Term Disability for such days during such absence up to fifty-two (52) weeks. 12.03 Any employee who is required to work on any of the aforementioned plant holidays shall be paid at the rate of time and one half in addition to their regular day’s pay of eight (8) hours. Employees will be paid at the rate of double time for all hours worked in excess of eight (8) hours on a plant holiday. Hours worked on an observed or designated Holiday will be paid at time and one half.

  • Holidays The following days are observed as holidays by state agencies in accordance with section 110.117, F.S.: • New Year’s Day • Birthday of Xxxxxx Xxxxxx Xxxx, Xx., third Monday in January • Memorial Day • Independence Day • Labor Day • Veterans’ Day, November 11 • Thanksgiving Day • Friday after Thanksgiving • Christmas Day If any of these holidays falls on Saturday, the preceding Friday shall be observed as a holiday. If any of these holidays falls on Sunday, the following Monday shall be observed as a holiday. Customers may have additional holiday(s) observed specifically by the Customer which will be detailed in the Customer’s order.

  • Vacation; Sick Leave During the Employment Term, the Executive shall be entitled to not less than four (4) weeks of vacation during each calendar year and sick leave in accordance with the Company’s policies and practices with respect to its executives.

  • Vacation, Sick Leave and Holidays Executive shall be entitled to four (4) weeks (28 business days) of vacation, and also sick leave and holidays at full pay in accordance with the Company’s policies established and in effect from time to time.

  • Worked Holidays Employees who are required to work on the above described holidays shall receive the pay due them for the holiday, plus twice their base rate for all hours worked on such holidays.

  • Accrued Vacation It is further agreed by the parties hereto that, upon sale or transfer of ownership of any store or upon dissolution of business, vacation pay for all months worked for which no vacation pay has been given shall be immediately paid to all employees coming under this Agreement, regardless of length of time said employee has been with the Employer.

  • Holidays During Vacation If a paid holiday falls or is observed during an employee's vacation period, he/she shall be granted an additional day's vacation with pay for each holiday in addition to his/her regular vacation time.

  • Vacation During the Employment Period, the Executive shall be entitled to paid vacation in accordance with the most favorable plans, policies, programs and practices of the Company and its affiliated companies as in effect for the Executive at any time during the 120-day period immediately preceding the Effective Date or, if more favorable to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies.

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