Period Worked Time Off Vacation Pay Sample Clauses

Period Worked Time Off Vacation Pay. Less than 1 yr 2 weeks 4% 1 yr but less than 5 yrs 2 weeks 4% 5 yrs but less than 9 yrs 3 weeks 6% 10 yrs but less than 14 yrs 4 weeks 8% Vacation pay shall be based on annual gross earnings. Vacation week A week for the purpose of vacation entitlement is understood to mean a set number of days and hours equivalent to an employee's regular working schedule averaged over the two (1) week pay period less call-ins and overtime.
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Period Worked Time Off Vacation Pay a. Less than 1 year 2 weeks 4%
Period Worked Time Off Vacation Pay. Less than 1 year 1 week 4% 1 year but less than 4 years 2 weeks 4% 4 years but less than 7 years 3 weeks 6% 7 years but less than 10 years 4 weeks 8% 10 years but less than 25 years 5 weeks 10% 25 years or more 6 weeks 12% Effective the two-thousand and twenty (2020) vacation year the quantum for vacations shall be amended from 6 weeks after 25 years to 6 weeks after 24 years. For part-time employees and full-time employees working less than five (5) shifts per week, a week of vacation is calculated as the greater of:
Period Worked Time Off Vacation Pay. Less than 1 year 1 day/month 4% of gross earnings (to a max. of 10 days) 1 yr. But less than 3 yrs. 2 weeks at their current rate 3 yrs. But less than 8 yrs. 3 weeks at their current rate 8 yrs. But less than 15 yrs. 4 weeks at their current rate 15 yrs. But less than 22 yrs. 5 weeks at their current rate 22 yrs. But less than 28 yrs. 6 weeks at their current rate 28 years or more 7 weeks at their current rate Changes in vacation pay and entitlement shall be effective on the first full payroll following the date the improvement continues.
Period Worked Time Off Vacation Pay. Up to 5 years 2 weeks 4% 5 years up to 14 years 3 weeks 6% 14 years up to 20 years 4 weeks 8% Over 20 years 5 weeks 10% 150.2 The date for the determination of the period worked by an employee is June 30th of the year period to the year in which the vacation is taken.

Related to Period Worked Time Off Vacation Pay

  • Vacation Pay (d) Paid Union leaves. All other payments, premiums, allowances etc. are excluded.

  • Annual Vacation Pay Vacation pay shall be paid at the regular hourly rate of the Nurse in effect immediately prior to the Nurse taking vacation.

  • VACATIONS AND VACATION PAY 9.01 All employees who are covered under this Agreement shall receive vacation pay as a percent of the employee's total earnings exclusive of the Employer's contribution to the Union's Pension, Health Benefit Plan, Education and Assistance Fund and Industry Fund. Income tax shall be deducted weekly from the employee's earnings increased by the amount of vacation pay.

  • Vacation Payout Where an employee requests in writing to have a specific number of vacation days paid out, and the Employer agrees to the request, the Employer will issue pay in lieu of vacation. Pay in lieu of vacation, if agreed, will be granted only after a minimum of 15 days' vacation time has already been taken in the year.

  • Paid Time Off (PTO) Executive shall earn and accrue paid-time-off covering vacation and sick time benefits at the rate of twenty (20) days per year for employment periods of up to five years of service. The PTO accrual rate shall automatically increase by five (5) additional days for each additional 5 years of service up to maximum of thirty (30) days per year after 10 years of service. For example, after five years of service, the annual PTO accrual rate shall increase to twenty-five (25) days. Unused PTO shall carry over to the next year, but Executive shall cease accruing further PTO at any time Executive has accrued two times his annual accrual rate. Unused PTO days which are not in excess of two-times the annual accrual rate shall be paid in a cash lump sum payment promptly after Executive’s termination of employment.

  • Paid Time Off The Executive shall be entitled to take paid time off in accordance with the Company’s applicable paid time off policy for executives, as may be in effect from time to time.

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