LOST TIME QUALIFICATIONS. Employees who are formally approved for retirement or who are or have been on a sickness or personal leave of absence or have lost time due to permanent lay-off, shall receive, at the time of separation, their accumulated vacation pay for the regular hours actually paid with 1,700 hours as the 100% basis. a. Employees must work no less than 1,700 hours to qualify for 100% vacation time due. b. Employees who work less than 1,700 regular work hours will have vacation time due pro-rated with 1,700 hours as the 100% qualifying figure against their actual hours paid.
Appears in 4 contracts
Samples: Collective Bargaining Agreement (Steinway Musical Instruments Inc), Collective Bargaining Agreement (Steinway Musical Instruments Inc), Collective Bargaining Agreement (Steinway Musical Instruments Inc)
