Disbursement of holiday pay Sample Clauses

Disbursement of holiday pay. The holiday supplement of 0.8% is paid at the ordinary time for payment of salary during or immediately after the holiday. The holiday supplement for variable salary components is paid no later than at the end of the holiday year. If a coinciding earning year and holiday year are applied and the employee during the holiday year has received a higher holiday salary than the equivalent of earned holiday salary, the employer may make a deduction from the regular salary and the holiday supplement for variable salary components. An employee who receives much of his salary in variable form is entitled to receive an advance payment on the accrued holiday supplement.