Computing Vacation Pay Sample Clauses

Computing Vacation Pay. Vacation entitlement for seniority employees regularly scheduled to work ten months per year, shall be calculated as follows: Number of days of vacation entitlement (Art. 19.01) X regularly scheduled hours/day X number of days paid (excluding WSIB) including pro-rated vacation entitlement 261 days = vacation hours per year
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Computing Vacation Pay. All regular full­ time and regular part-time employees who have not completed one (1) calendar year of employment but are eligible for xxxx­ tion, will receive one-fifty-second (1/52) of their compensation received for the twelve (12) month period immediately pre­ ceding the vacation period. Upon the completion of one (1) full calendar year of employment, all regular full-time and regular part-time employees eligible for vacation shall have their vacation computed on the employee’s W-2 Contract Earnings for the prior year. Employees so eligible will receive one-fifty-second (1/52) of such earnings if eligible for one (1) week’s vacation; one-twenty-sixth (1/26) of such earnings if eligible for two (2) weeks’ vacation; and three-fifty-seconds (3/52) of such earnings if eligible for three (3) weeks’ xxxx­ tion.
Sample 1
Computing Vacation Pay. All full-time employees shall receive forty hours pay for each week of vacation the employee is entitled. All part-time employees shall receive vacation pay based upon the employee's average weekly earnings during the twelve-month period immediately preceding the vacation for each week of vacation the employee is entitled to. (Twelve month's earnings divided by the number of weeks actually worked.)
Sample 1
Computing Vacation Pay. All regular full-time and regular part-time employees who have not completed one (1) calendar year of employment, but who are eligible for vacation, will receive one fifty-second (1/52) of the compensation received for the twelve (12) month period immediately preceding the vacation period. Upon completion of one (1) full calendar year of employment, all regular full-time and regular part-time employees eligible for vacation shall have their vacation computed on the employee’s W-2 contract earnings for the prior year. Employees so eligible will receive one fifty-second (1/52) of such earnings for each week’s vacation. The Store Manager shall request vacation pay at least two (2) weeks in advance of each employee’s scheduled vacation. In no event will any employee receive pay in lieu of vacation. A cash advance will be provided to an employee in the event that such employee’s vacation check is not made available by the Friday in advance of such vacation week.
Sample 1
Computing Vacation Pay. Upon completion of one (1) full year of employment, all regular full-time and part-time employees eligible for vacation shall have their weekly vacation pay based on their average hours paid per week, during the fifty-two (52) weeks preceding their last anniversary date, excluded from the “52 week period” calculation is any week that had no paid hours or when the employee was off work due to workers compensation, and not to exceed forty (40) hours per week. Hours paid shall include hours worked and hours paid for holiday day, jury duty, vacation and funeral leave.
Sample 1
Computing Vacation Pay. All regular full­ time and regular part-time employees who have not completed one (1) calendar year of employment, but are eligible for xxxx­ tion, will receive one-fifty-second (1/52) of their compensa­ tion received for the twelve (12) months period immediately preceding the vacation period. Upon completion of one (1) full calendar year of employment, all regular full-time and regular part-time employees eligible for vacation, shall have their vacation computed on the employee’s W-2 Contract Earnings for the prior year. Employees so eligible, will re­ ceive one-fifty-second (1/52) of such earnings, if eligible for one (1) week’s vacation; one-twenty-sixth (1/26) of such earnings if eligible for two (2) weeks’ vacation; three-fifty- seconds (3/52) of such earnings if eligible for three (3) weeks’ vacation; and one-thirteenth (1/13) of such earnings if xxx­ gible for four (4) weeks’ vacation.
Sample 1
Computing Vacation Pay. In computing length of service for vacation pay eligibility, length of service shall be based upon the anniversary date of the day an employee commences employment. Employees working less than full time shall receive vacation pay based on their average hours per week and the years of service schedule in Section 1 above.
Sample 1
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Computing Vacation Pay. The pay for each day of vacation for which an employee is eligible shall be computed on the basis of the straight-time rate of pay per hour, multiplied by eight (8) hours.
Sample 1

Related to Computing Vacation Pay

  • Vacation Pay (d) Paid Union leaves. All other payments, premiums, allowances etc. are excluded.

  • Annual Adjustments Base Rent shall be increased on each annual anniversary of the first day of the first full month during the Term of this Lease (each an “Adjustment Date”) by multiplying the Base Rent payable immediately before such Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable immediately before such Adjustment Date. Base Rent, as so adjusted, shall thereafter be due as provided herein. Base Rent adjustments for any fractional calendar month shall be prorated.

  • Final Compensation Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS prior to January 15, 2011, is based on the highest average monthly pay rate during twelve (12) consecutive months of employment. Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS on or after January 15, 2011, is based on the highest average monthly pay rate during thirty-six (36) consecutive months of employment.

  • Annual Adjustment At the end of each Fiscal Year and following receipt by Manager of the annual accounting referred to in Article 10, an adjustment will be made to such annual account, if necessary and if available, so that the appropriate amount shall have been deposited in the Reserve.

  • Vacation; Benefits During the Term, the Executive shall be eligible for 20 vacation days annually, which shall be accrued and used in accordance with the applicable policies of the Company. During the Term, the Executive shall be eligible to participate in such medical, dental and life insurance, retirement and other plans as the Company may have or establish from time to time on terms and conditions applicable to other senior executives of the Company generally. The foregoing, however, shall not be construed to require the Company to establish any such plans or to prevent the modification or termination of such plans once established.

  • Termination Pay Effective upon the termination of this Agreement, the Employer will be obligated to pay the Executive (or, in the event of his death, his designated beneficiary as defined below) only such compensation as is provided in this Section 6.5, and in lieu of all other amounts and in settlement and complete release of all claims the Executive may have against the Employer. For purposes of this Section 6.5, the Executive's designated beneficiary will be such individual beneficiary or trust, located at such address, as the Executive may designate by notice to the Employer from time to time or, if the Executive fails to give notice to the Employer of such a beneficiary, the Executive's estate. Notwithstanding the preceding sentence, the Employer will have no duty, in any circumstances, to attempt to open an estate on behalf of the Executive, to determine whether any beneficiary designated by the Executive is alive or to ascertain the address of any such beneficiary, to determine the existence of any trust, to determine whether any person or entity purporting to act as the Executive's personal representative (or the trustee of a trust established by the Executive) is duly authorized to act in that capacity, or to locate or attempt to locate any beneficiary, personal representative, or trustee.

  • Separation Pay 24.01 A regular employee shall be entitled to separation pay as set out in subsection .03 provided he/she has not been excluded by subsection .02 and provided he/she meets any of the following eligibility provisions:

  • Short-Term Incentive Compensation In addition to the foregoing Base Salary, the Executive shall be eligible during the Term to receive cash short-term incentive compensation, determined and payable in the discretion of the Compensation Committee of the Board. At least annually, the Compensation Committee shall consider awarding short-term incentive compensation to the Executive.

  • Annual Compensation The Executive’s “Annual Compensation” for purposes of determining severance payable under this Agreement shall be deemed to mean the sum of (i) the annual rate of Base Salary as of the Date of Termination, and (ii) the cash bonus, if any, earned by the Executive for the calendar year immediately preceding the year in which the Date of Termination occurs.

  • Code Section 754 Adjustments To the extent an adjustment to the adjusted tax basis of any Partnership asset pursuant to Section 734(b) or 743(b) of the Code is required, pursuant to Treasury Regulation Section 1.704-1(b)(2)(iv)(m), to be taken into account in determining Capital Accounts, the amount of such adjustment to the Capital Accounts shall be treated as an item of gain (if the adjustment increases the basis of the asset) or loss (if the adjustment decreases such basis), and such item of gain or loss shall be specially allocated to the Partners in a manner consistent with the manner in which their Capital Accounts are required to be adjusted pursuant to such Section of the Treasury Regulations.

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