Common use of Rate of Accrual and Maximum Amount of Vacation Payable Clause in Contracts

Rate of Accrual and Maximum Amount of Vacation Payable. Notwithstanding any other provision in this Article 8 total vacation paid in any calendar year shall not exceed: a. Employees who have not reached their second (2nd) anniversary date will receive .01925 hours of vacation for each full hour worked (excluding overtime hours worked) as a regular full-time employee. This is equal to a maximum of five (5) days of vacation in a full calendar year, and is prorated based on actual hours worked excluding overtime hours.

Appears in 4 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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