Common use of Payment of Vacations Clause in Contracts

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. 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%, 12%, 12.4%, 12.8%, 13.2%, 13.6% or 1214% of the employee's ’s previous vacation year's ’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 year31st. Notwithstanding the foregoing, deferred and banked vacations will be paid at the employee's ’s rate of pay at the time the vacation is taken.

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 year31st. Notwithstanding the foregoing, deferred and banked vacations will be paid at the employee's rate of pay at the time the vacation is taken.