HOLIDAYS AND VACATION PAY. 11.01 All employees shall be entitled to receive an amount equal to ten percent (10%) of their total annual gross earnings as vacation pay and in lieu of holiday pay. For employees who have completed five (5) years of employment, this amount shall be increased to twelve percent (12%). For tax purposes, vacation pay shall be taxed in the pay period it was earned.
Appears in 4 contracts
Samples: Collective Agreement, Collective Agreement, sp.ltc.gov.on.ca
HOLIDAYS AND VACATION PAY. 11.01 All employees shall be entitled to receive an amount equal to ten percent (10%) of their total annual gross earnings as in vacation pay and in lieu of statutory holiday pay. For employees who have completed five (5) years of employment, this amount shall be increased to twelve percent (12%). For tax purposes, vacation pay shall be taxed in over the pay period of time during which it was earned.
Appears in 3 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
HOLIDAYS AND VACATION PAY. 11.01 All employees shall be entitled to receive an amount equal to ten percent (10%) of their total annual gross earnings as in vacation pay and in lieu of statutory holiday pay. For employees who have completed five (5) years of employment, this amount shall be increased to twelve percent (12%). For tax purposes, vacation pay shall be taxed in over the pay period of time during which it was earned.. All Employees shall be entitled to Vacation pay according to the following schedule calculated on their gross annual earnings and in lieu of statutory holiday pay, vacation pay shall be taxed over the period of time which it was earned. Period Worked Vacation Pay Less than 5 years 10% 5 to 10 years 11% More than 10 years 12%
Appears in 2 contracts
Samples: Collective Agreement, Collective Agreement
HOLIDAYS AND VACATION PAY. 11.01 9.01 All employees shall be entitled to receive an amount equal to ten percent (10%) of their total annual gross earnings as in vacation pay and in lieu of statutory holiday pay. For employees who have completed five (5) years of employment, this amount shall be increased to twelve percent (12%). For tax purposes, vacation pay shall be taxed in over the pay period of time during which it was earned.
Appears in 2 contracts
Samples: Collective Agreement, Agreement
