Common use of Excess Vacation Bank Clause in Contracts

Excess Vacation Bank. Employees who have banked the maximum allowable vacation are required to take the excess prior to the end of each calendar year. The excess may be paid out by mutual agreement between the employee and the Employer. Should an employee accumulate a vacation bank in excess of the maximum allowable as a result of being unable to utilize their vacation due to operational requirements or other circumstances beyond the employee’s control, the employee and their manager shall discuss options to address the excess with Human Resources. The proposed resolution will be reviewed and mutually agreed upon by the Union

Appears in 4 contracts

Samples: Collective Bargaining Agreement, Collective Agreement, Collective Bargaining Agreement

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