Common use of Supplementary Vacations Clause in Contracts

Supplementary Vacations. 1. After completing ten (10) or more years of continuous service with the Company, an employee shall, in addition to the regular vacation to which he is entitled, become eligible to receive a supplementary vacation with pay each five (5) years as set forth below: Years of Completed Continuous Service Weeks of Supplementary Vacation After Ten (10) Two (2) After Fifteen (15) Three (3) After Twenty (20) Three (3) After Twenty-five(25) Three (3) After Thirty (30) Four (4) After Thirty-five (35) Four (4) After Forty (40) Five (5) 2. The supplementary vacation may be taken at times and in allotments agreed upon by the Company and the employee. 3. The supplementary vacation must be taken prior to the employee becoming eligible for his next earned period of supplementary vacation as provided in subsection 1. above. 4. One (1) week’s supplementary vacation pay shall be equal to forty (40) hours at the straight time hourly rate of the employee's regular job. 5. For the purpose of determining eligibility for supplementary vacation, an employee's service shall be calculated from the last continuous service date of joining the Company. 6. At retirement or termination from the Company an employee who has completed ten (10) or more years of service shall be entitled to that portion of supplementary vacation pay proportionate to the number of years of service completed subsequent to his last five (5) year entitlement period.

Supplementary Vacations. 1. After completing ten (10) or more years of continuous service with the Company, an employee shall, in addition to the regular vacation to which he is entitled, become eligible to receive a supplementary vacation with pay each five (5) years as set forth below: Years of Completed Continuous Service Weeks of Supplementary Vacation After Ten (10) Two (2) After Fifteen (15) Three (3) After Twenty (20) Three (3) After Twenty-five(25Twenty five (25) Three (3) After Thirty (30) Four (4) After Thirty-Thirty five (35) Four (4) After Forty (40) Five (5) 2. The supplementary vacation may be taken at times and in allotments agreed upon by the Company and the employee. 3. The supplementary vacation must be taken prior to the employee becoming eligible for his next earned period of supplementary vacation as provided in subsection 1. 1 above. 4. One (1) week’s supplementary vacation pay shall be equal to forty (40) hours at the straight time hourly rate of the employee's regular job. 5. For the purpose of determining eligibility for supplementary vacation, an employee's service shall be calculated from the last continuous service date of joining the Company. 6. At retirement or termination from the Company an employee who has completed ten (10) or more years of service shall be entitled to that portion of supplementary vacation pay proportionate to the number of years of service completed subsequent to his last five (5) year entitlement period.