Computation of Vacation Pay. Where an employee's vacation pay for the current year is to be computed as a percentage of his "total wages earned" in the previous year, such "total wages earned" shall include the amount of vacation pay the employee received in the previous year.
Computation of Vacation Pay. A full-time employee’s vacation period and pay shall be based upon such employee’s normal workweek and basic rate of pay and shall not include any shift premium, overtime, or other increments. The basic rate of pay is set out in Appendix A. A part-time employee’s vacation pay shall be based upon the regular hours worked and shall not include any shift premium, overtime, additional hours or other increments.
Computation of Vacation Pay. A week of vacation pay for full-time employees shall be equal to forty (40) hours multiplied by the employee’s regular straight-time hourly rate. A week of vacation pay for part-time employees shall be equal to the number of hours per week which the employee regularly works multiplied by the employee’s regular straight-time hourly rate. A day of vacation pay for an employee shall be equal to one-fifth (1/5) of a week of vacation pay for such employee.
Computation of Vacation Pay. An employee's vacation period and pay shall be based upon such employee's normal work week and normal rate of pay.
Computation of Vacation Pay. Vacation pay shall be computed on the basis of the employee's current straight time rate at the time the vacation is taken.
Computation of Vacation Pay. In computing vacation benefits, one (1) week's vacation with pay shall be equivalent to five (5) working days, and eight (8) hours' pay shall be equivalent to one (1) working day. If the employee is paid at a flat hourly rate, the vacation pay shall be at the highest rate earned for at least thirty (30) consecutive days during the year prior to June 1st, including shift premiums, if any.
Computation of Vacation Pay. Vacation pay shall be computed based upon the employee’s ADJUSTED RATE plus applicable NIGHT WORK, SHIFT DIFFERENTIAL and 7-DAY COVERAGE BONUSES.
Computation of Vacation Pay. Where an employee's vacation pay for the current year will be reconciled after the end of the year and paid out by the end of January. It will be computed as a percentage of their "total wages earned" in the previous year, such "total wages earned" shall include the amount of vacation pay the employee received in the previous year. The vacation pay calculation under the Labour Agreement will take place after the completion of the Vacation Year based on the following rules:
1) The Vacation Year for vacation pay purposes and time off entitlements will commence with the beginning of the first pay period that is paid in the new calendar year. This is intended to comply with Revenue Canada remittances for the taxation year.
2) The Vacation Year for vacation pay purposes will end on the last day of the last pay period that is paid in the calendar year.
3) The vacation pay formula will apply as follows: Example based on calculation for the 2016 Vacation Year.
4) The Vacation Pay Makeup amount will be paid within three pay periods after completion of the Vacation Year.
5) In order to minimize the impact of Card Rate changes on the Vacation Pay Calculation the annual compensation review under the Labour Agreement will occur on the first day of the Vacation Year.
Computation of Vacation Pay. Employees will be paid vacation pay in accordance with the Employment Standards Act and Regulations except that after fourteen (14) years after hire date vacation pay shall be 8% and after five (5) calendar years of service vacation pay shall be 6% instead of 4% required by the Act. Vacation pay will be paid the first pay date of July as a lump sum on a separate cheque or upon termination of employment.
Computation of Vacation Pay. 1. Basic Formulas Vacation pay for each week of vacation to which an employee is entitled will be computed by multiplying the appropriate weekly hour-multiplier as determined by subsection F.2. below, by the appropriate rate-multiplier as determined by subsection F.3. below. Vacation pay for any extra day or half day of vacation to which an employee may be entitled will be determined by F.2.(a) dividing by five or ten respectively the weekly hour- multiplier determined for the employee under subsection F.2. below and F.2.(c) multiplying such daily equivalent by the appropriate rate-multiplier determined by subsection F.3. below.
