Posting of Annual Vacation Credits. Projected accumulated vacation credits for all Employees shall be posted February 1st of each year and will be subject to verification.
Posting of Annual Vacation Credits Sample Clauses
Related to Posting of Annual Vacation Credits
Vacation Credit Any outstanding vacation entitlement for a person going on LTD will be paid in cash upon expiry of sick leave. The cash payment will be calculated on the base earnings at the expiration of sick leave for the prorated days of vacation entitlement, any outstanding lieu days, any outstanding floating statutory holidays, and banked time for 40-hour per week employees. No vacation entitlement, floating holidays, or banked time for 40-hour per week employees accrues while a member is in receipt of LTD benefits.
