Common use of VACATION AND RETIREMENT Clause in Contracts

VACATION AND RETIREMENT. 15.01 All Full-time employees shall accumulate vacation pay and vacation leave at the following rate: Completion of 1 year of Full-time employment, vacation pay shall continue to accumulate at 4% and the employee shall be entitled to 2 weeks off. Completion of 5 years of Full-time employment, beginning with the first pay period in the month after an employee has completed 5 years of service, vacation pay shall accumulate at 6%. An employee shall be entitled to 3 weeks off once he has completed 6 years of service. Completion of 10 years of Full-time employment, beginning with the first pay period in the month after an employee has completed 10 years of service, vacation pay shall accumulate at 8%. An employee shall be entitled to 4 weeks off once he has completed 11 years of service. Completion of 20 years of Full-time employment, beginning with the first pay period in the month after an employee has completed 20 years of service, vacation pay shall accumulate at 10%. An employee shall be entitled to 5 weeks off once he has completed 21 years of service.

Appears in 2 contracts

Samples: Toronto Maintenance Contract, Toronto Maintenance Contract

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VACATION AND RETIREMENT. 15.01 15 .01 All Full-time Fulltime employees shall accumulate vacation pay and vacation leave at the following rate: Completion of 1 year of Full-time employment, vacation pay shall continue to accumulate at 4% and the employee shall be entitled to 2 weeks offoff . Completion of 5 years of Full-time employment, beginning with the first pay period in the month after an employee has completed 5 years of service, vacation pay shall accumulate at 6%% . An employee shall be entitled to 3 weeks off once he has completed 6 years of serviceservice . Completion of 10 years of Full-time employment, beginning with the first pay period in the month after an employee has completed 10 years of service, vacation pay shall accumulate at 8%% . An employee shall be entitled to 4 weeks off once he has completed 11 years of serviceservice . Completion of 20 years of Full-time employment, beginning with the first pay period in the month after an employee has completed 20 years of service, vacation pay shall accumulate at 10%% . An employee shall be entitled to 5 weeks off once he has completed 21 years of serviceservice .

Appears in 1 contract

Samples: www.sdc.gov.on.ca

VACATION AND RETIREMENT. 15.01 All Full-time employees shall will accumulate vacation pay and vacation leave at the following rate: Completion of 1 year of Full-time employment, employment vacation pay shall will continue to accumulate at 4% and the employee shall will be entitled to 2 weeks off. ; Completion of 5 years of Full-time employment, employment beginning with the first pay period in the month after an employee has completed 5 years of service, vacation pay shall will accumulate at 6%. An employee shall Employee will be entitled to 3 weeks off once he has completed 6 years of service. ; Completion of 10 years of Full-time employment, employment beginning with the first pay period in the month after an employee has completed 10 years of service, vacation pay shall will accumulate at 8%. An employee shall 8%.Employee will be entitled to 4 weeks off once he has completed 11 years of service. ; Completion of 20 years of Full-time employment, employment beginning with the first pay period in the month after an employee has completed 20 years of service, vacation pay shall will accumulate at 10%. An employee shall Employee will be entitled to 5 weeks off once he has completed 21 years of service.

Appears in 1 contract

Samples: Toronto Maintenance Contract

VACATION AND RETIREMENT. 15.01 All Full-time employees shall will accumulate vacation pay and vacation leave at the following rate: Completion of 1 year of Full-time employment, vacation pay shall will continue to accumulate at 4% and the employee shall will be entitled to 2 weeks off. Completion of 5 years of Full-time employment, beginning with the first pay period in the month after an employee has completed 5 years of service, vacation pay shall will accumulate at 6%. An employee shall will be entitled to 3 weeks off once he has completed 6 years of service. Completion of 10 years of Full-time employment, beginning with the first pay period in the month after an employee has completed 10 years of service, vacation pay shall will accumulate at 8%. An employee shall will be entitled to 4 weeks off once he has completed 11 years of service. Completion of 20 years of Full-time employment, beginning with the first pay period in the month after an employee has completed 20 years of service, vacation pay shall will accumulate at 10%. An employee shall will be entitled to 5 weeks off once he has completed 21 years of service.

Appears in 1 contract

Samples: Toronto Maintenance Contract

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VACATION AND RETIREMENT. 15.01 All Full-time Full‑time employees shall accumulate vacation pay and vacation leave at the following rate: Completion of 1 year of Full-time employment, vacation pay shall continue to accumulate at 4% and the employee shall be entitled to 2 weeks off. Completion of 5 years of Full-time employment, beginning with the first pay period in the month after an employee has completed 5 years of service, vacation pay shall accumulate at 6%. An employee shall be entitled to 3 weeks off once he has completed 6 years of service. Completion of 10 years of Full-time employment, beginning with the first pay period in the month after an employee has completed 10 years of service, vacation pay shall accumulate at 8%. An employee shall be entitled to 4 weeks off once he has completed 11 years of service. Completion of 20 years of Full-time employment, beginning with the first pay period in the month after an employee has completed 20 years of service, vacation pay shall accumulate at 10%. An employee shall be entitled to 5 weeks off once he has completed 21 years of service.

Appears in 1 contract

Samples: Toronto Maintenance Contract

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