Common use of Deferred Vacation Clause in Contracts

Deferred Vacation. An employee who is entitled to annual vacation of twenty‐five (25) working days or more in any year: (1) shall take at least twenty (20) working days of such annual vacation during the year in which it is earned, and (2) may defer the taking of any part of such annual vacation in excess of twenty (20) working days; provided however that the maximum deferred vacation which an employee may accumulate at any one time shall be twenty (20) working days. When an employee’s deferred vacation reaches the maximum and the employee has unused vacation in a calendar year, the Employer may, at its discretion, pay out the unused vacation for that year. Where an employee defers vacation, the calculation required in Article 12(p) shall be done as if the employee had taken their full vacation that year.

Deferred Vacation. An employee who is entitled to annual vacation of twenty‐five twenty-five (25) working days or more in any year: (1) shall take at least twenty (20) working days of such annual vacation during the year in which it is earned, and (2) may defer the taking of any part of such annual vacation in excess of twenty (20) working days; provided however that the maximum deferred vacation which an employee may accumulate at any one time shall be twenty (20) working days. When an employee’s deferred vacation reaches the maximum and the employee has unused vacation in a calendar year, the Employer may, at its discretion, pay out the unused vacation for that year. Where an employee defers vacation, the calculation required in Article 12(p) shall be done as if the employee had taken their full vacation that year.