Common use of Vacation Bank Clause in Contracts

Vacation Bank. Each pilot shall have a vacation credit hour bank established at the beginning of the bid period commencing closest to January 1, each year, based upon the vacation hours he has accrued (as provided in Section 7.B.). A pilot’s vacation credit hour bank shall be calculated by multiplying the number of vacation days by 6 CH. A pilot’s bank shall be adjusted for positive balances (as provided in Section 7.I.3.d., 7.E.1.b.v., or 7.G.5.c.), or negative credit hour balances from the previous year’s vacation bank.

Vacation Bank. Each pilot shall have a vacation credit hour bank established at the beginning of the bid period commencing closest to January 1, each year, based upon the vacation hours he has accrued (as provided in Section 7.B.). A pilot’s 's vacation credit hour bank shall be calculated by multiplying the number of vacation days by 6 CH. A pilot’s 's bank shall be adjusted for positive balances (as provided in Section 7.I.3.d., 7.E.1.b.v., or 7.G.5.c.), or negative credit hour balances from the previous year’s 's vacation bank.

Vacation Bank. Each pilot shall have a vacation credit hour bank established at the beginning of the bid period commencing closest to January 1, each year, based upon the vacation hours he the pilot has accrued (as provided in Section 7.B.). A pilot’s 's vacation credit hour bank shall be calculated by multiplying the number of vacation days by 6 CH. A pilot’s 's bank shall be adjusted for positive balances (as provided in Section 7.I.3.d., 7.E.1.b.v., or 7.G.5.c.), or negative credit hour balances from the previous year’s 's vacation bank.