Holiday Banks. 1. Two (2) separate holiday banks shall be established for each unit employee. One holiday bank shall be considered the Annual Holiday Bank and the other holiday bank shall be considered the Floating Holiday Bank.
Holiday Banks
Holiday Banks Sample Clauses
Related to Holiday Banks
Paid Holiday Bank Employees qualify in accordance with the collective agreement. The paid holidays are identified in the Collective Agreement. Credit to the paid holiday bank will occur on the date of the holiday. Drawing from the paid holiday bank will occur at an accelerated rate of 1.25 hours paid for every hour taken (i.e. 11.25 hours worked equals 14.05 hours paid; 7.5 hours worked equals 9.375 hours paid).
Holiday 6.1 The Executive shall be entitled during the Employment to 30 working days holiday in each calendar year plus bank holidays. Holiday may only be taken at such time or times as the Chief Executive Officer shall approve. The Executive’s holiday entitlement shall be pro rated for the year in which the Employment begins and for the year in which the Employment ends.
Holiday Leave Holiday leave provisions shall be as noted below:
Sick Bank The purpose of the Sick Bank (hereinafter referred to as the Bank) is to provide sick leave to contributors to the Bank after their accumulated leave has been exhausted and, more specifically, to provide such leave from the Bank in cases of prolonged illnesses. The Bank rules and guidelines are as follows:
HOLIDAYS AND HOLIDAY PAY 131. A holiday is calculated based on an eight hour day. The following days are designated as holidays:
Holiday Pay A. On each of the holidays designated above, each full-time employee scheduled to work but permitted to take the day off shall receive pay computed at the employee's basic hourly rate for the number of hours the employee was regularly scheduled to work.
Holiday Premium If an employee works one of the following holidays, they will receive time and one half for all hours worked on that holiday: New Year’s Day, Xxxxxx Xxxxxx Xxxx Xx. Day, President’s Day, Memorial Day, Independence Day, Labor Day, Veteran’s Day, Thanksgiving, the Day after Thanksgiving, and Christmas.
