Coeficients. The employee’s annual holiday pay and holiday compensation shall be reckoned by multiplying the employee’s average hourly earnings for the leave-earning year by a coefficient based on the number of days of holiday. The following coefficients are used: Number of days of holiday Coefficient 4 31.0 5 37.8 6 44.5 7 51.1 8 57.6 9 64.8 10 72.0 11 79.2 12 86.4 14 94.0 14 101.6 15 108.8 16 116.0 17 123.6 18 131.2 19 138.8 20 146.4 21 154.4 22 162.4 23 170.0 24 177.6 25 185.2 26 192.8 27 200.0 28 207.2 29 214.8 30 222.4 If there are more than 30 days of holiday, then the factor shall be increased by 7.2 per day of holiday.
Appears in 4 contracts
Samples: Collective Agreement Employees, Collective Agreement Employees, Collective Agreement Employees
Coeficients. The employee’s annual holiday pay and holiday compensation shall be reckoned by multiplying the employee’s average hourly earnings for the leave-earning year by a coefficient based on the number of days of holiday. The following coefficients are used: Number of days of holiday Coefficient 4 31.0 5 37.8 6 44.5 7 51.1 8 57.6 9 64.8 10 72.0 11 79.2 12 86.4 14 94.0 14 101.6 15 108.8 16 116.0 17 123.6 18 131.2 19 138.8 20 146.4 21 154.4 22 162.4 23 170.0 24 177.6 25 185.2 26 192.8 27 200.0 28 207.2 29 214.8 30 222.4 If there are more than 30 days of holiday, then the factor shall be increased by 7.2 per day of holiday.holiday.
Appears in 1 contract
Samples: Collective Agreement
