FCM Vacation Pay Excess Earnings Sample Clauses

FCM Vacation Pay Excess Earnings. 11.6.1 Total taxable earnings for the calendar year in excess of the guaranteed minimum of nine hundred (900) credit hours per year shall be paid out at the end of December of the year in which it is earned. Years of Service Total Taxable Excess Earnings in the Calendar Year Less than four (4) complete years of service 4% Four (4) complete years of service up to ten (10) complete years of service 6% Greater than ten (10) complete years of service 8% Example: A year 10 Captain with total taxable excess earnings (e.g. Overtime, GDO pay, etc) will be paid at 8%.
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FCM Vacation Pay Excess Earnings. Total taxable earnings for the calendar year in excess of the guaranteed minimum of one thousand (1000) credit hours per year shall be paid out at the end of December of the year in which it is earned. Years of Service Total Taxable Excess Earnings in the Calendar Year Less than four (4) complete years of service 4%

Related to FCM Vacation Pay Excess Earnings

  • Vacation Payout Where an employee requests in writing to have a specific number of vacation days paid out, and the Employer agrees to the request, the Employer will issue pay in lieu of vacation. Pay in lieu of vacation, if agreed, will be granted only after a minimum of 15 days' vacation time has already been taken in the year.

  • Part-time Vacation Pay If the Employer currently has the computer systems’ capability to implement bi- weekly vacation pay, they shall do so by the start of the next vacation year or earlier. Those Employers with no computer capability will endeavour to implement bi- weekly vacation pay if there is no significant administrative burden, by the start of the next vacation year or earlier. If the Employer does not so implement, it will provide reasons in writing to the Union. Where possible without extensive programming changes, the amount of vacation pay will be separately identified on the pay stub.

  • Vacation Pay (d) Paid Union leaves. All other payments, premiums, allowances etc. are excluded.

  • Annual Vacation Pay Vacation pay shall be paid at the regular hourly rate of the Nurse in effect immediately prior to the Nurse taking vacation.

  • Vacation Pay on Retirement Termination is as follows:

  • Calculation of Vacation Pay Vacation pay shall be at the rate effective immediately prior to the vacation period. However, should any salary increase become effective during the employee's vacation period, he/she shall receive the benefit of such increase from the effective date.

  • Computation of Vacation Pay Where an employee's vacation pay for the current year is to be computed as a percentage of his "total wages earned" in the previous year, such "total wages earned" shall include the amount of vacation pay the employee received in the previous year.

  • Vacation Pay Advance Where an Employee requests vacation pay in advance and provides fourteen (14) days written notice prior to the commencement of the vacation, vacation pay shall be provided to the Employee no later than her last scheduled working day prior to vacation.

  • Sick Leave Benefit There are two types of sick leave benefits. Annual sick leave is the sick leave days credited each year to each employee in accordance with the provisions of the local collective bargaining agreements. Banked sick leave is previously accumulated unused sick leave to which unused annual sick leave may be added at the end of each anniversary year.

  • RATE OF VACATION PAY Compensation during vacation shall be at the rate of compensation as set forth for each classification in Appendix "A" which such employee would have been entitled to receive, including premium pay, while in active service during such vacation period.

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