Method of Calculating Vacation Pay Sample Clauses

Method of Calculating Vacation Pay. Vacation pay for each week of vacation for employees shall be the normal weekly hours at the regular rate, provided that this amount will be reduced by one fifty-second (1/52nd) for each week of absence excepting absences which are: (1) With permission up to 30 days annually. (2) Due to sickness up to 30 days annually or such longer periods as an employee may be entitled to receive sick pay under the Company's Sick Pay Plan, and (3) Up to one year due to compensable accident.
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Method of Calculating Vacation Pay. Vacation pay for each week of vacation shall be calculated as follows: Two (2%) percent of the employee’s previous year’s earnings, exclusive of allowances, or forty (40) hours of pay at the employee’s regular rate, whichever is greater, for each week of eligible vacation. Subject to legislation, employees who have not worked a minimum of six (6) months in the twelve (12) month period shall be paid vacation pay based on the percentage.
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Method of Calculating Vacation Pay. Vacation pay for each week of vacation (excluding vacation pay for first vacation under 21.02) for employees will be the greater of 2.1% of the previous years earnings as reported on the employee's T-4 slips or the normal weekly hours at the regular straight time rate (exclusive of shift or other premiums) reduced by one fifty-second (1/52nd) for each week of absence,excepting absences which are: i. Up to 30 days annually due to lay-off, leave of absence other than injury or sickness (in which case only the three (3) day waiting period is included),or work stoppage beyond the Company's control. ii. Due to sickness for any period that the employee is entitled to receive sick pay under Schedule B. iii. Up to a maximum of thirty (30) weeks due to any one disability covered by Workers’ Compensation. Employees on lay-off, maternity leave or Long Term Disability, whose vacation pay is adjusted as a result of this provision, will nevertheless be entitled to vacation time off in accordance with the vacation scale.
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Method of Calculating Vacation Pay. Vacation pay for each week of vacation employees shall be the normal hours at the rate, provided that this amount will be reduced by one for each week of absence excepting absences which are:
Sample 1
Method of Calculating Vacation Pay lst Year - Calculated at four percent (4%) of earnings between date of hiring and December 31st of the same year, but not payable until reaching first anniversary date. Subsequent Entitlements - Pay for each week of holiday entitlement shall be on the basis of forty (40) hours pay at the employee's regular hourly rate or two percent (2%) of gross earnings for each week of holidays, whichever is the greater. The calculation of the percentage amount is based on the gross earnings in the previous calendar year.
Sample 1
Method of Calculating Vacation Pay. Vacation pay for each week of vacation for hourly rated employees shall be the normal weekly hours at the regular hourly rate, providing that this amount will be reduced by one fifty-second (1/52nd) for each week of absence excepting absences which are: 1. With permission up to thirty (30) working days annually. 2. Due to sickness up to thirty (30) working days annually or such longer periods as an employee may be entitled to receive sick pay under the Company's Sick Pay Plan, and 3. Up to one year due to compensable accident. 4. Leave of absence for union business as stipulated in Article 9.15.
Sample 1

Related to Method of Calculating Vacation Pay

  • Vacation Pay Paid Union leaves. All other payments, premiums, allowances etc. are excluded.

  • Callback from Vacation ‌ (a) Employees who have commenced their annual vacation shall not be called back to work, except in cases of extreme emergency. (b) When, during any vacation period, an employee is recalled to duty, he/she shall be reimbursed for all reasonable expenses incurred by himself/herself, in proceeding to his/her place of duty and in returning to the place from which he/she was recalled upon resumption of vacation, upon submission of receipts to the Employer. (c) Time necessary for travel in returning to his/her place of duty and returning again to the place from which he/she was recalled shall not be counted against his/her remaining vacation time.

  • VACATIONS AND VACATION PAY 9.01 Employees shall receive vacation pay in accordance with the provisions outline below: (as of July 1st of the current year) VACATION PAY a. 0 - 3 years 4% of annual gross earnings b. Upon completion of 3 years 5% c. Upon completion of 4 years 6% d. Upon completion of 10 years 8% 9.02 The Employer will endeavour to grant vacations at the times requested, in the vacation seasons or periods, considering business requirements. 9.03 A vacation list will be posted in the office on May 1st of each year for employees to indicate the time they wish to have. The final list will be posted by June 1st of each year. Any subsequent vacation time will be granted on the basis of work scheduling requirements. All employees shall be granted a minimum of one (1) week during the summer vacation period. Employees wishing two (2) weeks or more may do so by arrangement with the Employer prior to the posting of the vacation schedule. Any conflict will be settled on the basis of seniority. 9.04 When vacations are requested by more employees than can be reasonably scheduled to be away at any one time and still carry on efficient company operations, then the choice of those employees permitted to take their vacation will be, insofar as possible, based on seniority. a. The Employer shall include in each pay period the appropriate amount of vacation pay in the gross pay for all employees. The employee's cheques shall show the gross pay, and all regular deductions shall be made from the gross amount. After all other deductions have been made, the Employer shall deduct the employee's total vacation pay for the pay period. The vacation pay for all employees will be remitted monthly by the Employer to the Vacation Pay Trust Fund of the Employee's Trust Fund, together with an itemized list of the employees for whom remittances are made and the amount of vacation pay remitted for each. b. Remittances to the Vacation Pay Trust Fund shall be made promptly by the fifteenth of each month for the credited amounts in the previous month, in order to satisfy the legal requirements pertaining to the disbursement of vacation pay. c. Vacation Pay shall be paid in accordance with the rules of the Vacation Pay Trust Fund. Employees shall receive a copy of this information.

  • Part-time Vacation Pay If the Employer currently has the computer systems’ capability to implement bi- weekly vacation pay, they shall do so by the start of the next vacation year or earlier. Those Employers with no computer capability will endeavour to implement bi- weekly vacation pay if there is no significant administrative burden, by the start of the next vacation year or earlier. If the Employer does not so implement, it will provide reasons in writing to the Union. Where possible without extensive programming changes, the amount of vacation pay will be separately identified on the pay stub.

  • Vacation Selection Employees who have not selected their vacation periods by November 15th shall not be entitled later to select vacation periods by seniority. Employees who do not select all of their vacation entitlements on the calendar shall be allowed to schedule vacation at a later date, provided that this selection does not affect the scheduled vacations of other employees.

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