Holidays and Paid Time Off Scheduled. (PTOS) shall count as hours worked 2 for the purpose of computing overtime. Vacations (Annual Leave), sick
Holidays and Paid Time Off Scheduled Sample Clauses
Related to Holidays and Paid Time Off Scheduled
Paid Time Off (PTO) Executive shall earn and accrue paid-time-off covering vacation and sick time benefits at the rate of twenty (20) days per year for employment periods of up to five years of service. The PTO accrual rate shall automatically increase by five (5) additional days for each additional 5 years of service up to maximum of thirty (30) days per year after 10 years of service. For example, after five years of service, the annual PTO accrual rate shall increase to twenty-five (25) days. Unused PTO shall carry over to the next year, but Executive shall cease accruing further PTO at any time Executive has accrued two times his annual accrual rate. Unused PTO days which are not in excess of two-times the annual accrual rate shall be paid in a cash lump sum payment promptly after Executive’s termination of employment.
Unpaid Time Off All accruals must be exhausted prior to taking unpaid time off (unless eligible for EIT access).
Paid Holidays – Long Weekends (a) When an employee is scheduled to work a weekend where a paid holiday falls on the Monday or the Friday, the Employer shall endeavour to also schedule the employee to work the paid holiday.
Premium Holidays If the employer receives a premium holiday(s), the employees shall not be required to pay their portion of the premium(s) for the holiday month(s).
Paid Time Off The Executive shall be entitled to take paid time off in accordance with the Company’s applicable paid time off policy for executives, as may be in effect from time to time.
Holidays Worked When an employee works on a calendar holiday, he/she shall receive payment of the holiday at the regular rate and in addition, at the discretion of the Employer, (1) be paid at the rate of time and one half for hours actually worked on the holiday or (2) be given compensatory time off equal to one and one half the number of hours actually worked.
Scheduled Holidays Holidays for certain employees, typically 24/7 facilities, are pre-scheduled on days other than the holidays mentioned in Section 1. This schedule is determined in advance. If employees who have their holiday pre-scheduled are required to work on that pre-scheduled holiday day, they are compensated as follows:
PAID HOLIDAYS 12.01 (a) A full-time employee who otherwise qualifies hereunder shall receive the following paid holidays: New Year's Day (Jan. 1st) Labour Day 3rd Monday in February Thanksgiving Day Easter Monday Remembrance Day (Nov.11th) Good Friday Christmas Day (Dec. 25th) Victoria Day Boxing Day (Dec. 26th) Canada Day (July 1st) Civic Holiday
DESIGNATED PAID HOLIDAYS 11.01 Subject to clause 11.02, the following days shall be designated paid holidays for employees:
Sick Time An employee shall have all of his/her accrued sick leave credits transferred when the employee is transferred to a different State agency.
