Statutory Holiday Turnaround Clause Samples
The Statutory Holiday Turnaround clause defines how deadlines or response times are adjusted when they coincide with statutory holidays. Typically, this clause stipulates that if a due date falls on a recognized public holiday, the deadline is automatically extended to the next business day. For example, if a deliverable is due on a national holiday, the party responsible would have until the following working day to fulfill their obligation. This clause ensures fairness and practicality by preventing parties from being penalized for delays caused by holidays when normal business operations are suspended.
Statutory Holiday Turnaround. There shall be a twenty-four (24) hour rest period, in addition to the rest periods described in subparagraphs (a)(i), (b) and (c) above, for each Employee for a Statutory Holiday. If such rest period is encroached, such Employee shall be paid at a rate equal to two times (2x) the rate such Employee was receiving at the end of the preceding shift but in no event in excess of three times (3x) such Employee’s straight time contracted hourly rate. Such rate shall be paid for the time beginning at the start of the next call through the end of such encroached thirty-two (32) hour rest period, fifty-six (56) hour rest period or seventy-two (72) hour rest period, which ever applies, and calculated pursuant to subparagraph (e) below.