Paid Time Off (PTO) Executive shall earn and accrue paid-time-off covering vacation and sick time benefits at the rate of twenty (20) days per year for employment periods of up to five years of service. The PTO accrual rate shall automatically increase by five (5) additional days for each additional 5 years of service up to maximum of thirty (30) days per year after 10 years of service. For example, after five years of service, the annual PTO accrual rate shall increase to twenty-five (25) days. Unused PTO shall carry over to the next year, but Executive shall cease accruing further PTO at any time Executive has accrued two times his annual accrual rate. Unused PTO days which are not in excess of two-times the annual accrual rate shall be paid in a cash lump sum payment promptly after Executive’s termination of employment.
Paid Time Off The Executive shall be entitled to take paid time off in accordance with the Company’s applicable paid time off policy for executives, as may be in effect from time to time.
Paid Holidays – Long Weekends (a) When an employee is scheduled to work a weekend where a paid holiday falls on the Monday or the Friday, the Employer shall endeavour to also schedule the employee to work the paid holiday.
PAID HOLIDAYS 12.01 (a) A full-time employee who otherwise qualifies hereunder shall receive the following paid holidays: New Year's Day (Jan. 1st) Labour Day 3rd Monday in February Thanksgiving Day Easter Monday Remembrance Day (Nov.11th) Good Friday Christmas Day (Dec. 25th) Victoria Day Boxing Day (Dec. 26th) Canada Day (July 1st) Civic Holiday
Use of Paid Leave With the approval of the Appointing Authority, employees will be allowed to utilize accrued sick leave, personal holiday or vacation leave when on authorized leave without pay due to illness or injury.
Personal Time Off Executive shall be entitled to paid time off in accordance with the Company’s policies applicable to executives.
Premium Holidays If the employer receives a premium holiday(s), the employees shall not be required to pay their portion of the premium(s) for the holiday month(s).