Henceforth. all employees would have a zero balance of holiday time at the end of the year. This would be as a result of the employee either taking accrued holiday time on a quarterly basis, cashing-in accrued holidays on a quarterly basis at employee option, or by a mandatory payment made in the last quarterly holiday payout of the calendar year.
Appears in 5 contracts
Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding
