Determination of Rate-Multiplier. The rate-multiplier for a salaried employee will be the greater of: (1) The hourly equivalent of the employee's regular straight-time weekly salary rate (including night shift bonus for those employees regularly scheduled on a night shift) in effect at the time of his/her vacation, or (2) The hourly equivalent of the employee's last regular straight-time weekly salary rate (including night shift bonus for those employees regularly scheduled on a night shift) in effect during the last full calendar week of the year preceding the current vacation year.
Appears in 2 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement
Determination of Rate-Multiplier. The rate-multiplier for a salaried an hourly employee will be the greater of:
(1) The His/her current hourly equivalent of the employee's regular straight-time weekly salary rate (including night shift bonus for those employees regularly scheduled on a night shift) in effect at the time of his/her vacation, vacation begins; or
(2) The His/her last hourly equivalent of the employee's last regular straight-time weekly salary rate (including night shift bonus for those employees regularly scheduled on a night shift) in effect during the last full calendar week of worked by him/her during the year preceding the current vacation year.
Appears in 1 contract
Samples: Collective Bargaining Agreement
Determination of Rate-Multiplier. The rate-multiplier for a salaried an hourly employee will be the greater of:
(1) The hourly equivalent of the employee's regular straight-time weekly salary His/her current rate (including night shift bonus for those employees who are regularly scheduled on a night shift) in effect at shift and any wage increase adjusted to the time number of his/her vacation, vacation days affected by such increase); or
(2) The His/her last hourly equivalent of the employee's last regular straight-time weekly salary rate (including night shift bonus for those employees regularly scheduled on a night shift) in effect during the last full calendar week of the year preceding the current vacation year.
Appears in 1 contract
Samples: Collective Bargaining Agreement