Common use of Payment of Personal Days Clause in Contracts

Payment of Personal Days. The employee who has not used all of the personal days to which he is entitled during a calendar year receives, during the month of January of the following year, the payment of the equivalent of his unused personal days at his regular hourly rate applicable on December 31st of the preceding year. In the application of Clause 27.01, personal days will be paid to the employee according to the following table, based on complete months worked during the year as an eligible employee: Personal Day Table Complete Months Worked Number of Personal Days 12 5.00 11 4.50 10 4.25 9 3.75 8 3.25 7 3.00 6 2.50 5 2.00 4 1.75 3 1.25 2 0.75 1 0.50 Personal days are paid on the basis of the employee's daily regularly scheduled hours of work or on the basis of the average daily hours worked as determined by the Company in a quarterly review, whichever is greater. This review will be conducted by the fifteenth (15th) day of January, April, July and October, and will calculate average daily hours worked, excluding overtime hours, during the previous quarter. The average daily hours figure thus achieved will be used for all personal days paid out in the following quarter.