Current Vacation Pay Sample Clauses

Current Vacation Pay. Vacation pay shall be paid to all employees on each pay period until date of termination. Entitlement will be based on years of continuous service with the Company as outlined below: One (1) or more years - four (4%) percent Three (3) years or more - six (6%) percent Eight (8) years or more - eight (8%) percent Sixteen (16) years or more - ten (10%) percent Twenty-two (22) years or more twelve (12%) percent Upon written request of the employee, the Company agrees to grant employees time off for vacation purposes, without pay, as per Article 10.03 of the Collective Agreement. Employees will be eligible for a special one-time bonus of five hundred ($500.00) dollars less statutory deductions for each week of scheduled vacation that is cancelled by the Company. Eligible employees will retain their cancelled vacation for rescheduling.
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Related to Current Vacation Pay

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

  • 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.

  • VACATIONS AND VACATION PAY 9.01 Employees shall receive vacation pay in accordance with the provisions outline below: (as of July 1st of the current year) VACATION PAY a. 0 - 3 years 4% of annual gross earnings b. Upon completion of 3 years 5% c. Upon completion of 4 years 6% d. Upon completion of 10 years 8% 9.02 The Employer will endeavour to grant vacations at the times requested, in the vacation seasons or periods, considering business requirements. 9.03 A vacation list will be posted in the office on May 1st of each year for employees to indicate the time they wish to have. The final list will be posted by June 1st of each year. Any subsequent vacation time will be granted on the basis of work scheduling requirements. All employees shall be granted a minimum of one (1) week during the summer vacation period. Employees wishing two (2) weeks or more may do so by arrangement with the Employer prior to the posting of the vacation schedule. Any conflict will be settled on the basis of seniority. 9.04 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 seniority. a. The Employer shall include in each pay period the appropriate amount of vacation pay in the gross pay for all employees. The employee's cheques shall show the gross pay, and all regular deductions shall be made from the gross amount. After all other deductions have been made, the Employer shall deduct the employee's total vacation pay for the pay period. The vacation pay for all employees will be remitted monthly by the Employer to the Vacation Pay Trust Fund of the Employee's Trust Fund, together with an itemized list of the employees for whom remittances are made and the amount of vacation pay remitted for each. b. Remittances to the Vacation Pay Trust Fund shall be made promptly by the fifteenth of each month for the credited amounts in the previous month, in order to satisfy the legal requirements pertaining to the disbursement of vacation pay. c. Vacation Pay shall be paid in accordance with the rules of the Vacation Pay Trust Fund. Employees shall receive a copy of this information.

  • 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.

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