Computing Vacation Pay Clause Samples
The "Computing Vacation Pay" clause defines how an employee's vacation pay is calculated under the terms of an employment agreement. Typically, this clause outlines the formula or method used to determine the amount of vacation pay, such as basing it on a percentage of wages earned or on the employee's regular rate of pay over a specified period. For example, it may specify that vacation pay is calculated as 4% of gross earnings or that it is paid out during vacation time taken. The core function of this clause is to ensure transparency and consistency in how vacation pay is determined, thereby preventing disputes and ensuring compliance with employment standards.
Computing Vacation Pay. Vacation entitlement for seniority employees regularly scheduled to work ten months per year, shall be calculated as follows: = vacation hours per year
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.)
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.
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 ▇▇▇▇ 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’ ▇▇▇▇ tion.
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.
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.
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 ▇▇▇▇ 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 ▇▇▇ gible for four (4) weeks’ vacation.
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.
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.