Computing Vacation Pay Sample Clauses

Computing Vacation Pay. All 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 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. 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. Vacation entitlement for seniority employees regularly scheduled to work ten months per year, shall be calculated as follows: 19.02 Seniority Employees working less than thirty-five (35) hours per week shall be granted annual vacation allowance in accordance with the ratio which their scheduled hours in a normal workweek bears to thirty-five (35) hours; such ratio to be applied to the vacation schedule of a regular full-time employee set out in 19.01 above, and based upon continuous scheduled service. (Please refer to Article 19.01(b) for method of calculation.) 19.03 Pay in lieu of vacation time for ten-month employees under 19.01(b) above will be paid on a per pay basis. 19.04 In addition to the vacation entitlement outlined in 19.01, employees shall be entitled to one (1) additional week of vacation in their year of retirement.
Sample 1
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
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
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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
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

Related to Computing Vacation Pay

  • Part-time Vacation Pay If the Employer currently has the computer systems’ capability to implement bi- weekly vacation pay, they shall do so by the start of the next vacation year or earlier. Those Employers with no computer capability will endeavour to implement bi- weekly vacation pay if there is no significant administrative burden, by the start of the next vacation year or earlier. If the Employer does not so implement, it will provide reasons in writing to the Union. Where possible without extensive programming changes, the amount of vacation pay will be separately identified on the pay stub.

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

  • Vacation Year The vacation year shall be April 1 to March 31, inclusive.

  • 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.

  • VACATION AND VACATION PAY 9.01 All employees who are covered under this agreement shall receive as vacation pay in accordance with the schedule under Article 9.04, the appropriate percentage of the employee's total earnings exclusive of the Employer's contribution to the Union's Benefit Plan. 9.02 When vacations are requested by more employees than can be reasonably scheduled to be away at any one time and still carry on efficient company operations, then the choice of those employees permitted to take their vacation will be insofar as possible based on customer requirements, efficient operation of the Shop, ability of employees to perform available work and length of service of the employees. 9.03 The Employer shall post annually during January a sheet on which employees may choose their vacation period. This list shall be completed by the employees no later than May 1. Any employee failing to select vacation time by May 1 will be deemed to have forfeited their privilege based on service credit, at that time, for vacation selection purposes. The Employer shall post the final vacation schedule no later than May 31. Any request for further changes to the final schedule must be made to the Employer giving the Employer at least four (4) weeks’ notice. If a Statutory holiday (as listed under Article 10.01) falls during an employee's vacation time, the employee will have the option to take that holiday at the end of the vacation period. This will be scheduled at the time the employee schedules his vacation. 9.04 Employees shall receive vacation time if requested in accordance with the provisions outlined below. Generally, two weeks may be taken in June, July and August, but with advance notice (per Article 9.03) and as mutually agreed, more may be taken. LENGTH OF SERVICE BASED ON DATE OF HIRING (as of July 1st of the current year) Vacation Pay Vacation Time 0 – 3 Months 4% 2 weeks After 3 Months 10% 3 weeks 9.05 The above amounts of vacation pay are remitted to the Union office with the regular monthly remittance.

  • VACATIONS AND VACATION PAY 9.01 All employees who are covered under this Agreement shall receive vacation pay as a percent of the employee's total earnings exclusive of the Employer's contribution to the Union's Pension, Health Benefit Plan, Education and Assistance Fund and Industry Fund. Income tax shall be deducted weekly from the employee's earnings increased by the amount of vacation pay. a. Employees shall, upon hire, receive ten percent (10%) vacation pay, and up to three weeks of vacation. b. Employees with ten or more years of service with the Employer shall receive twelve percent (12%) vacation pay, and up to four weeks of vacation. 9.02 Vacation periods shall be arranged by mutual agreement between the Employer and each employee. Employees shall be granted their vacation periods as requested insofar as it is practical and in accordance with seniority, unless the Employer decides to grant all vacations at one time, in which case the Employer shall give the employees at least six (6) weeks advance notice. 9.03 The Employer agrees to remit the Vacation Pay of each employee as agreed upon in 9.01 of this Agreement and in accordance with the regulation set by the Employment Standards Branch, Ministry of Labour, monthly before, but not later than the fifteenth of the following month to the Union using a separate cheque marked "Vacation Pay", accompanied by a list on which all deductions and contributions as mentioned in 6.01, 13.02, 14.02a, 14.02b, 18.01, 19.01 and Schedule "A" are recorded. 9.04 In accordance with the agreement with the Employment Standards Branch, Ministry of Labour, the Board of Trustees of the Union's Vacation Pay Trust Fund, is obligated to take any steps which may be available to them either in law or in equity or in bankruptcy as may be necessary or desirable to effect collection from delinquent Employers. All costs incurred in the collection of said payment will be charged to such defaulting Employer. 9.05 The Employer agrees to give the auditor of the Union's Trust Fund the privilege to examine the Employer's records concerning hours and monies forwarded to the Union, if and when the auditor so desires. Any date for such an examination will be pre-arranged in writing between the auditor, the Employer and the Union.

  • 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.

  • Retirement Pay Any teacher with ten (10) years consecutive teaching experience in the Park Hill School District immediately prior to retirement from PSRS without an age reduction for early retirement, shall receive upon retirement from the Park Hill School District a terminal amount based upon the following formula: (Notation, the teacher must make application to PSRS for retirement and begin drawing from PSRS on the first available month following retirement). Years of service to the Park Hill School District to be divided by ten (10) and multiplied by one-ninth (1/9) of the last completed contract. Retirement notification after December 15 for the current academic year will result in a reduction of $1,000.00 from the total under Article 36. In the event of a sudden severe illness of the teacher, teacher’s legally recognized spouse, and/or child, the transfer of a legally recognized spouse, or being called into active military duty may be cause for the District not to impose the late notification reduction of $1,000.00. A teacher who otherwise qualifies for payment under Article 36 and dies while currently classified as an active employee will receive such payment.

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