Payment for Vacation Entitlement. Payment for vacation entitlements outlined in clauses 8.1(b) and 8.1(c) shall be: (i) 128 and 136 hours – 8 % of gross earnings for the period in which vacation was earned or basic pay whichever is greater. (ii) 144 and 168 hours inclusive – 10 % of gross earnings for the period in which vacation was earned or basic pay, whichever is greater. (iii) 176 hours and over – 12 % of gross earnings for the period in which vacation was earned or basic pay, whichever is greater. Effective January 1, 1995 it is understood that gross earnings does not include overtime payments, vacation bonus or payments made in the previous calendar year under this Article.
Appears in 5 contracts
Samples: Memorandum of Settlement, Memorandum of Settlement, Collective Agreement
