Common use of Entitlement to Floating Holiday Clause in Contracts

Entitlement to Floating Holiday. A benefits eligible employee will be credited with one floating holiday for use by December 31 of the current calendar year. New employees with an adjusted start date of October 1 or earlier will be credited with one floating holiday on their adjusted start date and then on January 1 thereafter; new employees hired after October 15 will not receive one until the next January. Unused floating holidays will not be carried over to the next calendar year or paid upon retirement or termination of employment. If unused, they will be forfeited.

Entitlement to Floating Holiday. A benefits eligible employee Bargaining unit employees on an administrative schedule will be credited with one floating holiday for use by December 31 of the current calendar year. New employees with an adjusted start date of October 1 or earlier will be credited with one floating holiday on their adjusted start date and then on January 1 thereafter; new employees hired after October 15 will not receive one until the next January. Unused floating holidays will not be carried over to the next calendar year or paid upon retirement or termination of employment. If unused, they will be forfeited.

Entitlement to Floating Holiday. A benefits eligible employee will be credited with one floating holiday for use by December 31 of the current calendar year. New employees with an Adjusted Hire Date adjusted start date of October 1 or earlier will be credited with one floating holiday on their Adjusted Hire Date adjusted start date and then on January 1 thereafter; new employees hired after October 15 will not receive one be credited until the next January. Unused floating holidays will not be carried over to the next calendar year or paid upon retirement or termination of employment. If unused, they will be forfeited.

Entitlement to Floating Holiday. ‌ A benefits eligible employee will be credited with one floating holiday for use by December 31 of the current calendar year. New employees with an adjusted start date of October 1 or earlier will be credited with one floating holiday on their adjusted start date and then on January 1 thereafter; new employees hired after October 15 will not receive one until the next January. Unused floating holidays will not be carried over to the next calendar year or paid upon retirement or termination of employment. If unused, they will be forfeited.