Surrendered Vacations Sample Clauses

Surrendered Vacations. It is agreed employees with more than three (3) weeks, or in the case of a twelve hour shift worker, one hundred and twenty (120 hours), of vacation will have the ability to surrender excess vacation entitlement on an annual basis. All requests for surrender of vacation must be submitted to the employee’s Supervisor before April 15th of the year the vacation is due. An employee wishing to surrender vacation weeks, or in the case of a 12 hour shift worker, hours, for cash will complete a Vacation Alternative Request form, indicating the number of weeks (or hours) he wishes to surrender and submit this request to his Supervisor for processing. The Supervisor will review and forward to the Department Manager for approval. Such request will be answered within fourteen
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Surrendered Vacations. It is agreed employees with more than three (3) weeks, or in the case of a twelve hour shift worker, one hundred and twenty (120 hours), of vacation will have the ability to surrender excess vacation entitlement on an annual basis. All requests for surrender of vacation must be submitted to the employee’s Supervisor before April 15th of the year the vacation is due. An employee wishing to surrender vacation weeks, or in the case of a 12 hour shift worker, hours, for cash will complete a Vacation Alternative Request form, indicating the number of weeks (or hours) he wishes to surrender and submit this request to his Supervisor for processing. The Supervisor will review and forward to the Department Manager for approval. Such request will be answered within fourteen (14) calendar days. If approved, payment for those weeks or hours so surrendered shall be made in the first pay week in July of the year in which the vacation is due. A bonus rate of 50% of the applicable vacation pay shall be applied and paid at that time. Once payment has been issued, the employee will not be eligible to apply for or take any of this vacation entitlement. The Union President will be provided via e-mail with an electronic copy of the Vacation Alternative Request forms that are submitted to the company.
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Related to Surrendered Vacations

  • PAID VACATIONS 16.01 An employee in the active employ of the Company shall be entitled to an annual paid vacation pay on the following basis:

  • Paid Vacation Except as otherwise provided in this Article, paid vacation shall be granted no longer than the fiscal year immediately following the fiscal year in which it is earned.

  • HOLIDAYS AND VACATIONS If work is performed on Buyer's premises, Buyer shall not be obligated to make any payments to Seller for days designated by Buyer as holidays or shutdown periods, except for work specifically authorized in writing by Xxxxx's Authorized Procurement Representative and performed by Seller on such days.

  • ANNUAL VACATIONS Vacation entitlement earned during previous employment shall be credited to the employee, and vacations granted shall be in accordance with such previous entitlement (Articles 28.01 and 28.02).

  • Split Vacations Where an employee wishes to split her vacation, her second choice of vacation time shall be made only after all other employees concerned have made their initial selection.

  • HOLIDAYS AND VACATION Executive shall be eligible for paid holiday and vacation time in accordance with Company policy as in effect from time to time and made available to Company’s senior management employees.

  • Weeks Vacation Subject to Article 17.08 and Article 17.01 (a) (ii), employees shall be entitled to take five (5) weeks vacation leave with pay during the first and subsequent complete fiscal years following the date in which they complete fourteen (14) years of service. Such leave shall be earned at the rate of two and one-twelfth (2 1/12) days for each completed calendar month of service.

  • Accrued Vacation It is further agreed by the parties hereto that, upon sale or transfer of ownership of any store or upon dissolution of business, vacation pay for all months worked for which no vacation pay has been given shall be immediately paid to all employees coming under this Agreement, regardless of length of time said employee has been with the Employer.

  • Vacation During the Employment Period, the Executive shall be entitled to paid vacation in accordance with the most favorable plans, policies, programs and practices of the Company and its affiliated companies as in effect for the Executive at any time during the 120-day period immediately preceding the Effective Date or, if more favorable to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies.

  • ARTICLE VACATIONS For the purpose of calculating eligibility, the vacation year shall be the period from July 1st of any year to June 30th of the following year. The periods at which employees shall take vacation shall be based on the selection by the employee according to seniority in each department, but shall be finally determined by the Administrator having due concern for the proper operation of the Nursing Home. Vacation time will be allotted between the months of May and September inclusive, if possible, unless some other time is mutually arranged between the individual employee and the Employer. Vacations are not cumulative from year to year and all vacations must be taken by May following the cut off date. Employees shall not waive vacation and draw double pay. Employees who have not completed their probationary period as of June 30th will receive four percent (4%) of their gross earnings during the vacation year. Employees who have completed their probationary period as at the vacation cut off date will be granted one day's vacation leave for each month of service to a maximum of ten days. Vacation pay for such employees will be four percent (4%) of gross earnings during the vacation year. Employees with one (1) year of service on or before June 30th of the current year shall receive two (2) weeks vacation. Vacation pay for such employees will be four percent (4%) of gross earnings for the vacation year. Employees with three (3) years of service on or before June 30th of the current year shall receive three (3) weeks vacation. Vacation pay for such employees will be six percent (6%) of gross earnings for the vacation year. Employees with eight (8) years of service on or before June 30th of the current year shall receive four (4) weeks vacation. Vacation pay for such employees will be eight percent (8%) of gross earnings for the vacation year. Employees with fifteen (15) years of service on or before June 30th of the current year shall receive five (5) weeks vacation. Vacation pay for such employees shall be ten percent (10%) of gross earnings for the vacation year. Employees with twenty-five (25) years of service on or before June 30th of the current year shall receive six (6) weeks vacation. Vacation pay for such employees will be twelve percent (12%) of gross earnings for the vacation year. For employees who are regularly scheduled to work seventy-five (75) hours vacation pay is to be paid as a percentage of total earnings or regular pay whichever is greater. Employees who have lost their seniority and have terminated their employment as set out in Article herein, between vacation periods, shall on termination of employment be paid a vacation with pay allowance based on the amount of vacation pay to which such employee shall be entitled from the last cut off date prior to the date of termination. Such allowance shall be paid no later than the next regular payroll date. The Employer may pay vacation pay as part of the regular pay. such circumstances, the Employer undertakes that the rate of income tax on the vacation pay will not change unless the vacation pay changes the employee’s annual tax bracket.

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