Common use of Proration Formula Clause in Contracts

Proration Formula. (a) Accrual and payment of paid holidays and all benefits including shared cost arrangements for all employees shall be on a prorata basis of hours regularly worked in relation to seventy-five (75) hours bi-weekly. (b) The calculation of proration percentage shall be determined by dividing the hours paid in the previous predetermined six (6) month period by 950 and then multiplying by 100. (c) (The predetermined six (6) month period shall coincide with the pay period ending around June 30th and December 31st and the recalculated proration percentage where applicable shall apply in August for the pay period ending around June 30th and February for the pay period ending around December 31st.) (d) Hours paid in calculating proration formula will include WSIB and Weekly Indemnity. (e) When an employee is on: (i) pregnancy leave (ii) parental leave (iii) approved leave of absence in excess of thirty (30) continuous calendar days proration upon return, shall be based on the percentage (%) in effect prior to commencement of the leave. (f) Employees who regularly work more than sixty-six (66) hours bi-weekly, shall have one hundred percent (100%) of Employer portion of insured benefits paid. (g) Holiday and vacation entitlement for employees who regularly work more than sixty-six (66) hours bi-weekly but less than seventy-five (75) hours bi-weekly shall be based on provisions for employees regularly working seventy-five (75) hours. N.B. Holiday and vacation pay for employees who regularly work less than seventy-five (75) hours is as follows: Holiday Pay - based on proration formula, based on hours regularly worked - 4 hours shift = 4 hours pay. Vacation pay - percentage (%) of gross earnings.

Proration Formula. (a) Accrual and payment of paid holidays and all benefits including shared cost arrangements for all employees shall be on a prorata pro-rata basis of hours regularly worked in relation to seventy-five (75) hours bi-weekly. (b) The calculation of proration percentage shall be determined by dividing the hours paid in the previous predetermined six (6) month period by 950 and then multiplying by 100. (c) (The predetermined six (6) month period shall coincide with the pay period ending around June 30th and December 31st and the recalculated proration percentage where applicable shall apply in August for the pay period ending around June 30th and February for the pay period ending around December 31st.) (d) Hours paid in calculating proration formula will include WSIB and Weekly Indemnity. (e) When an employee is on: (i) pregnancy Pregnancy leave (ii) parental Parental leave (iii) approved Approved leave of absence in excess of thirty (30) continuous calendar days days’ proration upon return, shall be based on the percentage (%) in effect prior to commencement of the leave. (f) Employees who regularly work more than sixty-six (66) hours bi-weekly, weekly shall have one hundred percent (100%) of Employer portion of insured benefits paid. (g) Holiday and vacation entitlement for employees who regularly work more than sixty-six (66) hours bi-weekly but less than seventy-five (75) hours bi-weekly shall be based on provisions for employees regularly working seventy-five (75) hours. N.B. Holiday and vacation pay for employees who regularly work less than seventy-five (75) hours is as follows: Holiday Pay - based on proration formula, based on hours regularly worked - 4 hours shift = 4 hours pay. Vacation pay - percentage (%) of gross earnings.

Proration Formula. (a) Accrual and payment of paid holidays and all benefits including shared cost arrangements for all employees shall be on a prorata pro-rata basis of hours regularly worked in relation to seventy-five (75) hours bi-weekly. (b) The calculation of proration percentage shall be determined by dividing the hours paid in the previous predetermined six (6) month period by 950 and then multiplying by 100. (c) (The predetermined six (6) month period shall coincide with the pay period ending around June 30th and December 31st and the recalculated proration percentage where applicable shall apply in August for the pay period ending around June 30th and February for the pay period ending around December 31st.) (d) Hours paid in calculating proration formula will include WSIB and Weekly Indemnity. (e) When an employee is on: (i) pregnancy leave (ii) parental leave (iii) approved leave of absence in excess of thirty (30) continuous calendar days days’ proration upon return, shall be based on the percentage (%) in effect prior to commencement of the leave. (f) Employees who regularly work more than sixty-six (66) hours bi-weekly, shall have one hundred percent (100%) of Employer portion of insured benefits paid. (g) Holiday and vacation entitlement for employees who regularly work more than sixty-six (66) hours bi-weekly but less than seventy-five (75) hours bi-weekly shall be based on provisions for employees regularly working seventy-five (75) hours. N.B. Holiday and vacation pay for employees who regularly work less than seventy-five (75) hours is as follows: Holiday Pay - based on proration formula, based on hours regularly worked - 4 hours shift = 4 hours pay. Vacation pay - percentage (%) of gross earnings.