Vacation Bank Sample Clauses
A Vacation Bank clause establishes a system for accruing and tracking employees' vacation time. Under this clause, employees accumulate vacation hours or days over time, which are recorded in a 'bank' and can be used for paid time off as needed, subject to company policies regarding scheduling and maximum accrual limits. This mechanism ensures both employees and employers have a clear, organized method for managing vacation entitlements, reducing disputes and confusion over available leave.
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Vacation Bank. Vacation entitlement is determined by Article 13. For the purposes of Article 13, hours worked or credited as paid leave will be based on an accelerated rate of 1.25 hours credit for each hour worked. Mechanism for the vacation bank is determined by current local practices. Drawing from the vacation bank will occur at an accelerated rate of 1.25 paid hours for every hour taken as vacation (i.e. 11.25 hours worked equals 14.05 hours paid; 7.5 hours worked equals 9.375 hours paid). Vacation must be taken as a full weekend off (i.e. Saturday and Sunday). The maximum number of weekends off cannot exceed the week entitlement level determined by Article 13. Single vacation days may be taken on weekdays, which need not be in conjunction with the Saturday and Sunday. Vacation – Interruption does not apply.
Vacation Bank. Vacation entitlement is determined by Article 13. For the purposes of Article 13, hours worked or credited as paid leave will be based on an accelerated rate of 1.25 hours credit for each hour worked. Mechanism for the vacation bank is determined by current local practices. Drawing from the vacation bank will occur at an accelerated rate of
Vacation Bank. Vacation entitlement is determined by Article 16.01. For the purposes of Article 16.01(f), hours worked or credited as paid leave will be based on an accelerated rate of 1.25 hours credit for each hour worked. Mechanism for the vacation bank is determined by current local practices. Drawing from the vacation bank will occur at an accelerated rate of 1.25 paid hours for every hour taken as vacation (i.e. 11.25 hours worked equals 14.05 hours paid; 7.5 hours worked equals 9.375 hours paid). Vacation must be taken as a full weekend off (i.e. Saturday and Sunday). The maximum number of weekends off cannot exceed the week entitlement level determined by Article 16.01. Single vacation days may be taken on weekdays, which need not be in conjunction with the Saturday and Sunday. Single vacation days may be taken on the weekend, provided no replacement is required. Cash-out and carry-over provisions for the bank will be defined locally. Article 16.05(a), (b) and (c) do not apply.
Vacation Bank. Vacation entitlement is determined by Article 13. For the purposes of Article 13, hours worked or credited as paid leave will be based on an accelerated rate of one point two five (1.25) hours credit for each hour worked. Mechanism for the vacation bank is determined by current local practices. Drawing from the vacation bank will occur at an accelerated rate of one point two five (1.25) paid hours for every hour taken as vacation (i.e. eleven point two five (11.25) hours worked equals fourteen point zero five (14.05) hours paid; seven point five (7.5) hours worked equals to nine point three seven five (9.375) hours paid). Vacation must be taken as a full weekend off (i.e. Saturday and Sunday). The maximum number of weekends off cannot exceed the week entitlement level determined by Article 13. Single vacation days may be taken on weekdays, which need not be in conjunction with the Saturday and Sunday. Vacation – Interruption does not apply.
Vacation Bank. Employees may bank any vacation in excess of the minimum vacation up to a maximum of eight weeks.
Vacation Bank. All employees with twelve (12) or more years' service may "bank" any amount of unused vacation leave up to a maximum accumulation of one hundred eight (108) days to be paid upon retirement.
Vacation Bank. Employees may bank any vacation up to a maximum of twenty (20) days.
Vacation Bank. Employees may carry over and bank a maximum of five (5) unused vacation days per year, with the bank not exceeding five (5) days in total. The Vacation days accumulated in the vacation bank may be used in addition to their regular vacation time to which an employee is eligible during any year. Any vacation in the vacation bank shall be credited against the year of the vacation earnings.
Vacation Bank. A Vacation Bank shall be established for each employee as follows:
(a) Employees are entitled to contribute up to seven hundred and twelve (712) hours of vacation time to a Vacation Bank.
(b) Employees may contribute vacation to their Bank at any time during the year in which it is earned but no later than the end of the last pay period of the year following the year in which said vacation time was earned.
(c) Employees may use vacation time from their Bank according to the normal procedures used for the use of vacation contained in this Agreement.
(d) Upon termination of employment or retirement all time remaining in the Vacation Bank shall be transferred into the account established for the employee pursuant to Section 13.07 hereof. The amount transferred shall be calculated at the employee’s normal rate of pay (including longevity pay).
Vacation Bank. Vacation entitlement is determined by Article 17.01. For the purposes of Article 17.01 (a) vi), hours worked or credited as paid leave will be based on an accelerated rate of one and one-quarter (1¼) hours credit for each hour worked. Mechanism for the vacation bank is determined by current local practices. Drawing from the vacation bank will occur at an accelerated rate of one and one-quarter (1¼) paid hours for every hour taken as vacation (i.e. 11.25 hours worked equals 14.05 hours paid; 7.5 hours worked equals 9.375 hours paid). Vacation must be taken as a full weekend off (i.e. Saturday and Sunday). The maximum number of weekends off can’t exceed the week entitlement level determined by Article 17.01. Single vacation days may be taken on weekdays, which need not be in conjunction with the Saturday and Sunday. Single vacation days may be taken on the weekend, provided no replacement is required. Cash out and carry over provisions for the bank will be defined locally. Article 17.09 (a), (b) and (c) do not apply.