Entitlement and Calculation of Payment Full Sample Clauses

Entitlement and Calculation of Payment Full. Time An employee who has completed less than one (1) year of continuous service as of the end of the vacation year shall be entitled to three (3) weeks annual vacation. Payment for such vacation shall be prorated in accordance with his service. An employee who has completed one (1) year but less than three (3) years of continuous service as of the end of the vacation year shall be entitled to three (3) weeks’ annual vacation with pay. An employee who has completed three (3) years but less than thirteen (13) years of continuous service as of the end of the vacation year shall be entitled to four
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Entitlement and Calculation of Payment Full. Time An employee who has completed less than one (1) year of continuous service as of the end of the vacation year shall be entitled to two (2) weeks annual vacation. Payment for such vacation shall be prorated in accordance with his service. An employee who has completed one (1) year but less than two (2) years of continuous service as of the end of the vacation year shall be entitled to two (2) weeks annual vacation with pay. An employee who has completed two (2) years but less than five (5) years of continuous service as of the end of the vacation year shall be entitled to three (3) weeks of annual vacation with pay. An employee who has completed five (5) years but less than thirteen (13) years of continuous service as of the end of the vacation year shall be entitled to four (4) weeks of annual vacation with pay. An employee who has completed thirteen (13) years but less than twenty-one (21) years of continuous service as of the end of the vacation year shall be entitled to five (5) weeks of annual vacation with pay. An employee who has completed twenty-one (21) years but less than twenty-eight (28) years of continuous service as of the end of the vacation year shall be entitled to six (6) weeks annual vacation with pay. An employee who has completed twenty-eight (28) years of continuous service as of the end of the vacation year shall receive seven (7) weeks annual vacation with pay. Vacation pay shall be calculated on the basis of the employee’s regular straight time rate of pay times their normal weekly hours or work, subject to the application of the Effect of Absence provision. Part-Time A part-time employee who has completed less than 3,450 hours of continuous service as of December 31st shall receive 4% of gross earnings. A part-time employee who has completed 3,450 hours but less than 8,625 hours of continuous service as of December 31st shall receive 6% of gross earnings. A part-time employee who has completed 8,625 hours but less than 22,425 hours of continuous service as of December 31st shall receive 8% of gross earnings. A part-time employee who has completed 22,425 hours but less than 36,225 hours of continuous service as of December 31st shall receive 10% of gross earnings. An employee who has completed 36,225 hours but less than 48,300 hours of continuous service as of December 31st shall receive 12% of gross earnings. An employee who has completed 48,300 hours of continuous service as of December 31st shall receive 14% of gross earning...
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Entitlement and Calculation of Payment Full. Time An employee who has completed less than one (1) year of continuous service as of April 30th shall be entitled to two (2) weeks annual vacation. Payment for such vacation shall be prorated in accordance with his service. An employee who has completed one (1) year but less than two (2) years of continuous service as of June 30 shall be entitled to two (2) weeks annual vacation with pay. An employee who has completed two (2) years but less than five (5) years of continuous service as of June 30 shall be entitled to three (3) weeks of annual vacation with pay. An employee who has completed five (5) years but less than thirteen (13) years of continuous service as of June 30 shall be entitled to four (4) weeks of annual vacation with pay. An employee who has completed thirteen (13) years but less than twenty-one
Sample 1
Entitlement and Calculation of Payment Full. Time‌ An employee who has completed less than one (1) year of continuous service as of the employee’s anniversary date of hire shall be entitled to two (2) weeks' annual vacation. Payment for such vacation shall be prorated in accordance with their service. An employee who has completed one (1) year but less than two (2) years of continuous service as of the employees anniversary date of hire shall be entitled to two (2) weeks' annual vacation with pay. An employee who has completed two (2) years but less than five (5) years of continuous service as of the employees anniversary date of hire shall be entitled to three (3) weeks' annual vacation with pay. An employee who has completed five (5) years but less than thirteen (13) years of continuous service as of the employees anniversary date of hire shall be entitled to four (4) weeks' annual vacation with pay. An employee who has completed thirteen (13) but less than twenty-two (22) years of continuous service as of the employees anniversary date of hire shall be entitled to five (5) weeks' annual vacation with pay. An employee who has completed twenty-two (22) years but less than twenty-eight
Sample 1
Entitlement and Calculation of Payment Full. Time An employee who has completed less than one (1) year of continuous service as of the end of the vacation year shall be entitled to two (2) weeks’ annual vacation. Payment for such vacation shall be prorated in accordance with his/her service. An employee who has completed one (1) year but less than two (2) years of continuous service as of the end of the vacation year shall be entitled to two (2) weeks’ annual vacation with pay. An employee who has completed two (2) years but less than five (5) years of continuous service as of the end of the vacation year shall be entitled to three (3) weeks’ annual vacation with pay. An employee who has completed five (5) years but less than thirteen (13) years of continuous service as of the end of the vacation year shall be entitled to four
Sample 1
Entitlement and Calculation of Payment Full. Time An employee who has completed less than one (1) year of continuous service as of April shall be entitled to two (2) weeks’ annual vacation. Payment for such vacation shall be prorated in accordance with service. An employee who has completed one (1) year but less than two (2) years of continuous services as of April shall be entitled to two (2) weeks’ annual vacation with pay. An employee who has completed two (2) years but less than (5) years of continuous service as of April shall be entitled to three (3) weeks’ annual vacation with pay. An employee who has completed five (5) years but less than years of continuous service as of April shall be entitled to four (4) weeks’ annual vacation with pay. Vacation pay shall be calculated on the basis of the employees’ regular straight rate of pay times their normal weekly hours of work, subject to the application of the Effect of Absence provision. Part-Time A part-time employee who has completed less than hours of continuous services as of May shall receive of gross earnings. A part-time employee who has completed hours but less than hours of continuous service as of May shall receive of gross earnings. A part-time employee who has completed hours but less than hours of continuous service as of May shall receive of gross earnings. For the purpose of this Article, gross earnings include, in part, percentage in lieu of benefits and exclude vacation pay. Employees hired prior to October IO, will be credited with the service they held under the Agreement expiring November Leave of Absence Vacation I-Time Where an employee's scheduled vacation is interrupted due to serious illness, which either commenced prior to or during the scheduled vacation period, the period of such illness shall be considered sick leave. Serious illness is defined as an illness that requires the employee to receive on- going medical care and/or treatments resulting in either hospitalization or which would confine the employee to their residence or to bed rest for more than three days. The portion of the employee's vacation that is deemed to be sick leave under the above provision will not be counted against the employee's vacation credits. Vacation See the Local Provisions Appendix
Sample 1

Related to Entitlement and Calculation of Payment Full

  • Termination of Payments Notwithstanding section 2.2, no payments shall be due to Purchaser xXxx Purchaser has received an aggregate amount under this Note, including payments made by the Company pursuant to section 2.3, equal to (i) the Principal Amount (as defined in the Investor Information Sheet above), multiplied by (ii) the Maximum Payment Multiple. We refer to the result of this multiplication as the “Maximum Payment Amount.”

  • Netting of Payments Subparagraph (ii) of Section 2(c) of this Agreement will apply to Transactions entered into under this Agreement unless otherwise specified in a Confirmation.

  • Notice of Payment of Termination Payment As soon as practicable after a liquidation, Notice shall be given by the Non-Defaulting Party to the Defaulting Party of the amount of the Termination Payment and whether the Termination Payment is due to the Non-Defaulting Party. The Notice shall include a written statement explaining in reasonable detail the calculation of such amount and the sources for such calculation. The Termination Payment shall be made to the Non-Defaulting Party, as applicable, within ten (10) Business Days after such Notice is effective.

  • Calculation of Termination Payment If an Early Termination Date has been declared, the Non-Defaulting Party shall calculate, in a commercially reasonable manner, the Termination Payment in accordance with this Section 10.3.

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