Vacation Adjustment. Employees hired prior to 1995 April 26 shall continue to be covered by the vacation pay adjustment provision contained in the 1991-93 Collective Agreement. All other employees shall be covered by the following provision. As soon as possible following December 31st in each year, a vacation pay adjustment will be made in a lump sum to all employees other than those entitled to an annual percentage of earnings in lieu of vacation, where such employee's annual basic earnings exclusive of overtime and any other premium payments not normally taken into account in the computation of annual vacation pay exceeds their regular base rate earnings during the year in question. Such cash payments shall reflect the proportionate difference between the actual annual basic earnings and regular base rate earnings applied to the employees' annual vacation pay for the year in question, but shall not be paid in any case where the total amount payable is less than one dollar ($1.00).
Vacation Adjustment. Vacations must be adjusted within the bid protest time period to allow maximum trips to be placed on reserve lines and in open time. A Flight Attendant wishing to slide her/his vacation for the next month to fly a pairing that would otherwise be pulled must call Crew Planning no later than the end of bid line protest. If the Flight Attendant does not adjust her/his vacation within the time limits, Crew Planning will pull all original crew pairings which overlap into and/or out of the vacation week(s). Should a problem arise during the bid protest period concerning a line change that affects a vacation holder due to scheduling error, the above time limits will be waived and the Flight Attendant will be allowed to adjust her/his vacation by the first of the month.
Vacation Adjustment. If the Closing occurs in calendar year 2006, then the Purchase Price shall be decreased, dollar for dollar, by an amount equal to the sum of the Vacation Adjustment Amount for each Company Employee (if any) as of the Closing Date (the “Vacation Adjustment”).
Vacation Adjustment. In January of each year, employees will be paid a lump sum payment equal to the difference between their vacation entitlement percentage and the actual vacation paid. This adjustment results from any difference between vacation hours / weeks which are paid at the hourly rate vs. vacation amount accrued on gross earnings. If the percentage of gross earnings is greater than the value of vacation hours / weeks entitlement, the difference is paid as a lump sum payment called “Vacation Adjustment”.
Vacation Adjustment. It is understood and agreed that the Company shall pay a vacation adjustment cheque to employees who qualify at the end of the vacation year.
Vacation Adjustment. 1. Flight Attendants will be permitted to swap vacation periods with other Flight Attendants in her/his domicile. Swap requests from each Flight Attendant must be in writing and submitted to Flight Support prior to the month of the vacation in which the swap occurs. Properly submitted vacation swap requests shall be immediately approved, if the swap is for an equal number of vacation days. Requests for a trade involving an unequal number of days shall be awarded at the Company’s discretion.
Vacation Adjustment. A vacation adjustment schedule, in addition to the vacation entitlements listed above, is as follows: In those years that an employee first achieves the vacation plateaus of each of three (3), four (4), five (5) and six (6) weeks of vacation with pay, such employee shall be entitled to a vacation adjustment equivalent to 0.208 days, with pay, for each full one- half (1/2) month of service between their date of last hire with the Company and December 31st of that same year. Although the pay entitlement shall be calculated as outlined above, the time entitlement shall be rounded off to the nearest full day..
Vacation Adjustment. The Purchase Price shall be adjusted for accrued vacation benefits as follows:
Vacation Adjustment. The Initial Purchase Price shall be reduced to reflect the accrued and unused vacation time of Employees as of the Closing Date that is being assumed by Purchaser under Section 6.2.1. Seller shall pay to Purchaser an amount equal to amount of such accrued and unused vacation time within 10 days of the Closing Date.
Vacation Adjustment. Retirement 19
