Common use of Method of Calculating Vacation Pay Clause in Contracts

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.

Method of Calculating Vacation Pay. Vacation pay for each week of vacation shall be calculated as follows: Two percent (2%) percent of the employee’s previous year’s earnings, exclusive of allowancesregular wages plus overtime pay, or forty (40) hours of pay at the employee’s regular rate, whichever is the 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.

Method of Calculating Vacation Pay. Vacation pay for each week of vacation shall be calculated as follows: Two percent (2%) percent of the employee’s previous year’s earnings, exclusive of allowances, or forty (40) hours of pay at the employee’s 's regular rate, whichever is the 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 Vacation payouts will be paid vacation pay based on out in equal installments over the percentageentitlement.

Method of Calculating Vacation Pay. Vacation pay for each week of vacation shall be calculated as follows: Two percent (2%) percent of the employee’s 's previous year’s 's earnings, exclusive of allowances, or forty (40) hours of pay at the employee’s 's regular rate, whichever is the greater, for each week of eligible vacation. Subject Vacation payouts will be paid out in equal installments over the entitlement. Effective October 1, 2009 and 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 accrued percentage.