Payment of Vacations. Payment for vacations will be made at the employee's rate of pay at the time the vacation is taken, or depending upon their vacation entitlements, at the rate of 6%, 8%, 10% or 12% of the employee's previous vacation year's gross earnings, whichever is the greater. Adjustments arising out of the percentage application will be made in the first full pay period after March 31st after the employee has completed the vacation for the vacation year. Notwithstanding the foregoing, deferred and banked vacations will be paid at the employee's rate of pay at the time the vacation is taken.
Payment of Vacations. (a) (i) Current vacation will be paid based upon the greater of either:
a) an employee's rate of pay at the time the vacation is taken or,
b) depending upon his/her vacation entitlements, the rate of 6%, 8%, 10%, 12%, etc., of his/her previous year's earnings. The percentage rate applicable to any individual day of vacation entitlement is 0.4% per day. If necessary, an adjustment of vacation pay will be made to ensure that each employee received the greater amount of vacation pay from either the current rate (a) or percentage (b) calculations above. This adjustment (a/v differential) will be paid to all affected employees in two (2) payments. Approximately fifty percent (50%) will be paid on a designated pay day no later than the last pay day in April of each year, and the remainder will be paid on the pay day immediately prior to Christmas of each year. A/V differential will not be pro-rated for vacation deferred or banked.
Payment of Vacations. A regular full time employee shall be paid at the basic weekly wage rate for a normal five (5) day work week plus any tour differentials, except that an employee temporarily on a higher assignment shall receive the higher rate if the employee is to return to the higher assignment. However, if an employee has worked on a higher assignment for at least four (4) consecutive weeks immediately preceding the vacation, the employee shall receive vacation payments at the higher rate.
Payment of Vacations. (i) Current vacation will be paid based upon the greater of either:
a) an employee’s rate of pay at the time the vacation is taken or,
b) depending upon their vacation entitlements, the rate of 6%, 8%, 10%, 12%, etc. of their previous year’s earnings. The percentage rate applicable to any individual day of vacation entitlement is .4% per day. If necessary, an adjustment of vacation pay will be made to ensure that each employee received the greater amount of vacation pay from either the current rate (a) or percentage (b) calculations above. This adjustment (A/V differential) will be paid to all affected employees in one payment at the end of the payroll year.
(ii) Deferred and Banked vacation will be paid at the employee’s rate of pay at the time the vacation is taken and will not attract any A/V differential over and above that already paid in the year that the vacation was earned.
Payment of Vacations.
(a) (i) Current vacation will be paid based upon the greater of either:
a) an employee's rate of pay at the time the vacation is taken or,
b) depending upon their vacation entitlements, the rate of 6%, 8%, 10%, 12%, etc., of their previous year's earnings. Previous year’s earnings will not include any a/v differential paid or EBP payments, in any form. The percentage rate applicable to any individual day of vacation entitlement is 0.4% per day. If necessary, an adjustment of vacation pay will be made to ensure that each employee received the greater amount of vacation pay from either the current rate (a) or percentage (b) calculations above. This adjustment (a/v differential) will be paid to all affected employees in two (2) payments. Approximately fifty percent (50%) will be paid on a designated pay day no later than the last pay day in April of each year, and the remainder will be paid on the pay day immediately prior to Christmas of each year. A/V differential will not be pro-rated for vacation deferred or banked.
Payment of Vacations. (i) Current vacation will be paid based upon the greater of either:
a) an employee’s rate of pay at the time the vacation is taken or,
b) depending upon his vacation entitlements, the rate of 6%, 8%, 10%, 12%, etc. of his previous year’s earnings. The percentage rate applicable to any individual day of vacation entitlement is .4% per day. If necessary, an adjustment of vacation pay will be made to ensure that each employee received the greater amount of vacation pay from either the current rate (a) or percentage (b) calculations above. This adjustment (A/V differential) will be paid to all affected employees in one payment at the end of the payroll year.
(ii) Deferred and Banked vacation will be paid at the employee’s rate of pay at the time the vacation is taken and will not attract any A/V differential over and above that already paid in the year that the vacation was earned.
b) An employee in service prior to 1972, upon termination of service, will receive pay in lieu of any outstanding vacation earned in the previous calendar year (or the percentage equivalent, if greater) plus the applicable percentage on earnings in the current year to the date of termination.
Payment of Vacations. (a) Payment for vacations will be made at an employee's rate of pay at the time the vacation is taken or, depending upon their vacation entitlements, at the rate of 6%, 8%, 10% or 12% of their previous year's earnings, whichever is the greater. Adjustments arising out of the percentage application will be made after the employee has completed their vacation for the calendar year. Notwithstanding the foregoing, deferred and banked vacation will be paid at the employee's rate of pay at the time the vacation is taken.
(b) An employee in service prior to 1972, upon termination of service, will receive pay in lieu of any outstanding vacation earned in the previous calendar year (or the percentage equivalent, if greater) plus the applicable percentage on earnings in the current year to the date of termination.
Payment of Vacations a) Payment for vacations will be made at an employee's rate of pay at the time the vacation is taken, or depending upon his/her vacation entitlements, at the rate of 6%, 8%, 10% or 12% of his/her current year's earnings, whichever is the greater. Adjustments arising out of the percentage application will be made in the first quarter of the following year. Notwithstanding the foregoing, banked vacations will be paid at the employee's rate of pay at the time the vacation is taken.
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Payment of Vacations a) Payment for vacations will be made at an employee's rate of pay at the time the vacation is taken, or depending upon their vacation entitlements, at the rate of 6%, 8%, 10% or 12% of their current year's earnings, whichever is the greater. Adjustments arising out of the percentage application will be made in the first quarter of the following year. Notwithstanding the foregoing, banked vacations will be paid at the employee's rate of pay at the time the vacation is taken.
b) Upon termination of service all employees will receive final vacation pay prorated on the basis of an anniversary date of 1 January.
Payment of Vacations. Payment for vacations will be made at an employee's regular rate of pay, except if an employee has been working in a higher paid position for a majority of the sixty (60) working days preceding his/her vacation, in which case he/she shall receive vacation pay on the basis it was earned. An employee shall not receive cash in lieu of vacation time except upon retirement or termination.
