Holiday Compensation. Employees shall be compensated for the holidays listed in Article 21.1 in the following manner: i) If the holiday falls on a scheduled day off, the employee may add one day to his/her annual vacation. ii) If a holiday falls on a regular working day or on a scheduled day off and the employee is required to work, he/she shall receive three (3) times their basic hourly rate (which includes the employee’s basic hourly rate of pay) with a minimum credit of the standard work day as scheduled for that week for all hours worked. iii) An employee is required to work his scheduled shift prior to and following the holiday to be eligible for holiday pay. This section will not be applicable where the employee is on leave of absence, or on sick leave, or for other reasons authorized by the Company.
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Samples: Collective Agreement, Collective Agreement, Collective Agreement