Common use of Vacation Allotment Clause in Contracts

Vacation Allotment. Employees shall be granted an annual paid vacation for use in accordance with this provision on the following basis: a. Professional Staff shall be entitled to a vacation earned at the rate of one and two thirds (1⅔) days per month of employment, from the date of hire, not to exceed twenty days per fiscal year, which for payroll purposes is accounted as one hundred and forty hours (140) per year on university records. Vacation leave is administered on a fiscal year calendar. The university’s fiscal year is July 1st through June 30th of the following year.

Appears in 5 contracts

Samples: Njit/Psa/Aaup Agreement, Njit/Psa/Aaup Agreement, Collective Bargaining Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!