Common use of Payment of Vacations Clause in Contracts

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) (i) Current vacation will be paid based upon the greater of either: a(1) an employee's ’s rate of pay at the time the vacation is taken or, b(2) depending upon his/her vacation entitlements, the rate of 6%, 8%, 10%, 12%, etc., . of his/her previous year's ’s earnings, excluding vacation differential. The percentage rate applicable to any individual day of vacation entitlement is 0.4.4% 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 (a1) or percentage (b2) calculations above. This adjustment (aA/v 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) (i) Current vacation will be paid based upon the greater of either: a(1) an employee's ’s rate of pay at the time the vacation is taken ortakenor, b(2) depending upon his/her their vacation entitlements, the rate of 6%, 8%, 10%, 12%, etc., . of his/her their previous year's ’s earnings, excluding vacation differential. The percentage rate applicable to any individual day of vacation entitlement is 0.4.4% 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 (a1) or percentage (b2) calculations above. This adjustment (aA/v 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) (i) Current vacation will be paid based upon the greater of either: a(1) an employee's ’s rate of pay at the time the vacation is taken or, b(2) depending upon his/her their vacation entitlements, the rate of 6%, 8%, 10%, 12%, etc., . of his/her their previous year's ’s earnings, excluding vacation differential. The percentage rate applicable to any individual day of vacation entitlement is 0.4.4% 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 (a1) or percentage (b2) calculations above. This adjustment (aA/v 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.