Common use of Exchange of holiday bonus for leave Clause in Contracts

Exchange of holiday bonus for leave. 1. If a senior salaried employee and the employer agree in writing that a holiday bonus is exchanged for corresponding paid leave, the full holiday bonus for a 24-day (four-week) holiday is equivalent to a leave of 12 weekdays (two weeks). 2. Holiday bonus leave shall be granted to a senior salaried employee at the time specified by the employer unless the parties agree on about another time. 3. A senior salaried employee shall earn annual leave during a holiday bonus leave. 4. Regarding the exchange of a holiday bonus for a leave, see also sec- tion 10.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

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Exchange of holiday bonus for leave. 1. If a senior salaried employee and the employer agree in writing that a holiday bonus is exchanged for corresponding paid leave, the full holiday bonus for a 24-day (four-week) holiday is equivalent annual leave shall correspond to a leave of 12 weekdays (two weeks). 2. Holiday bonus leave shall be granted to a senior salaried employee at the time specified determined by the employer unless the parties agree on about another timethe time when the holiday bonus leave is taken. 3. A senior salaried employee shall earn annual leave during a holiday bonus leave. 4. Regarding the exchange of a holiday bonus for a leave, see also sec- tion section 10.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

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