OPTIONAL WEEK Sample Clauses

OPTIONAL WEEK. A. EFFECTIVE January 1, 1980, eligible employees have the option of an additional week of vacation or an additional week’s pay (forty (40) hours).
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OPTIONAL WEEK. Memorial Day, Fourth of July and Labor Day in addition to two (2) floaters for employees on 5 x 8 schedules and one (1) floater for employees on 4 x 10 schedules, will be utilized as the components of the Optional Week. Employees will be paid forty (40) hours for the “optional week.” “Optional week” selection will follow selection of regular vacation weeks in the Employer’s vacation bidding. Employees who do not fulfill their obligation to work the named holidays will have their holiday pay deducted from their last payroll check, if leaving the employ of the Employer, or from the payroll following the occurrence, if employment continues, unless the employee is granted a vacation day off through the posting process.
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Related to OPTIONAL WEEK

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  • Optional Benefits Optional Group Life Insurance This plan is available on an optional, employee-pay-all basis and you may apply to purchase additional group life insurance coverage for you and/or your spouse. Coverage is available from a minimum of $10,000 to a maximum of $300,000 in increments of $10,000.

  • Payment Options The exercise price shall be paid by one or any combination of the following forms of payment that are applicable to this option, as indicated on the cover page hereof:

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