EXTRA HOLIDAY DAYS AND PENSION Sample Clauses

EXTRA HOLIDAY DAYS AND PENSION. Each year in March, if the employee has accrued extra holiday entitlement by that time, the employee may choose by means of written notification to the company whether to convert one or more of the extra holiday days in the next holiday year to a deposit in the flexible wage account rather than taking them as holiday. An extra holiday day can be converted into 0.5 per cent of the holiday entitlement pay. All savings deposits placed in the flexible wage account contain holiday pay and also holiday allowance for the deposit. Employees who are entitled to an occupational pension under the rules of the collective agreement when making their decision can inform the company each year in March that all or part of the savings deposit to the flexible wage account is to be paid into the pension scheme in the next holiday year. The company may set minimum limits for the deposit of monthly pension contributions of DKK 75. If the amount per month is less than this minimum contribution, the company may decide to combine the contributions for two months. The deposit of extra pension contributions does not trigger an employer’s contribution for the deposit.
Sample 1
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EXTRA HOLIDAY DAYS AND PENSION. Transitional scheme If the employee has accrued extra holiday entitlement as of 1 May 2020, the employee may choose, by means of written notification before 1 June 2020 to the enterprise, to convert one or more of the extra holiday days in the period 1 May 2020 to 31 August 2021 to a deposit in the free-choice account rather than taking them as holiday. For extra holiday days for the period from 1 May 2020 to 31 August 2021, a total of 6.67 extra holiday days, applies that one extra holiday day can be converted to 0.375 per cent of the pay entitled to a holiday in the period from 1 May 2020 to 31 August 2021. If all 6.67 extra holiday days are converted to a deposit in the free-choice account,
Sample 1

Related to EXTRA HOLIDAY DAYS AND PENSION

  • Saturdays, Sundays, Holidays, etc If the last or appointed day for the taking of any action or the expiration of any right required or granted herein shall not be a Business Day, then such action may be taken or such right may be exercised on the next succeeding Business Day.

  • Holiday Week In the event that a holiday is celebrated during the week (Monday through Friday), the remaining four days of the week may be worked as a four ten shift at the straight time rate on a voluntary basis with three (3) days’ notice to the Union. In the event the job is down due to weather conditions, then Saturday may, at the option of the Employer be worked as a voluntary make-up day at the straight time rate.

  • HOLIDAYS AND HOLIDAY PAY 117. A holiday is calculated based on an eight (8) hour day. The following days are designated as holidays:

  • Statutory Holiday Pay Employees who qualify for statutory holiday pay shall be paid an average day's pay on the Statutory Holidays above, based on the following: amount paid / days worked. “Amount paid” is the amount earned by the employee for work done during the thirty (30) calendars day period preceding the statutory holiday, including vacation pay but excluding overtime pay. “Days worked” is the number of days the employee worked or earned wages during that thirty (30) calendar day period.

  • Holiday Coinciding with a Day of Vacation Where an employee is on vacation leave and a day of paid holiday falls within that period, the paid holiday shall not count as a day of vacation.

  • Overtime on a Holiday (a) Where an Employee is required to work overtime on a paid holiday, as defined in Article 18.01, she will receive compensation equal to 3.33 times her regular rate as follows:

  • Saturday Work A day worker required to work overtime on a Saturday shall be afforded at least four hours work or paid for four hours at the rate of time and one half for the first three hours and double time thereafter, except where the overtime is continuous with overtime commenced on the previous day.

  • Statutory Holiday All time worked on such Statutory Holidays as are provided for in this Agreement shall be considered as overtime and shall be paid at two hundred percent (200%) of the employee's regular straight-time rate, or the employee may elect to be paid straight-time rates for the overtime hours and take an equal number of hours as time off. Such time off must be taken according to a schedule acceptable to the employee's Supervisor within thirty (30) days of the end of the pay period in which the overtime was worked.

  • Saturday and Sunday Work (a) Where an employee is rostered to work ordinary hours between midnight Friday and midnight Saturday, the employee will be paid a loading of 50% of their ordinary rate of pay for the hours worked during this period.

  • Working on a Holiday An employee who is required to work on a holiday shall be paid at the rate of straight time plus time and one-half (1 1/2).

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