Vacation Benefit Sample Clauses
Vacation Benefit. The Executive shall be entitled to four (4) weeks paid vacation in each calendar year (but no more than ten 10 consecutive business days at any given time), which shall be taken at such times as are consistent with Executive’s responsibilities hereunder. The Executive’s vacation schedule shall be submitted and approved by the Company. The Executive agrees and understands that vacation days shall not be taken during any period upon which the Company is undergoing a financial audit by its approved Financial Auditors. Unless otherwise approved by the Company, any vacation days not taken in any calendar year shall be forfeited without payment therefore.
Vacation Benefit. 12.1 An employee working in classifications listed in Appendix “A-1” or Appendix “A-2” who works eight hundred (800) or more hours in any calendar year shall be paid four percent (4%) of his/her gross earnings as vacation benefits upon separation or during the first pay period of the next calendar year. The calendar year shall be defined as the period for which wages earned are reported for tax purposes.
Vacation Benefit. Full time employees shall accrue vacation leave with pay at their regular pay rate in accordance with the following schedule: 0.5 to 3.99 3.08 80 4 to 8.99 4.62 120 9 + 6.16 160 Newly hired employees may use vacation upon completing twenty-six (26) weeks of work from date of hire. New hires shall receive, at minimum, eighty (80) hours vacation upon completion of twenty-six (26) weeks of full-time employment. The Employer may, at its discretion and as a recruitment incentive, provide more than eighty (80) hours vacation upon twenty-six (26) weeks of employment and/or provide years of service credit for the purposes of vacation accrual. Absence due to paid sick leave, vacations or leaves of absence less than thirty (30) days shall be credited as time worked. In the event that there are 27 regularly scheduled paychecks in one year, bi-weekly vacation accrual shall accrue for the 27th paycheck. The maximum balance allowed to carry at any given time is 348 hours.
Vacation Benefit. 41.4.1 Employees working in part-time classifications listed in Appendix B who work eleven hundred (1,100) or more hours in any calendar year shall be paid three (3%) of his/her gross earnings as vacation benefits upon separation or during the first pay period of the next calendar year. The calendar year shall be defined as the period for which wages earned are reported for tax purposes.
Vacation Benefit. Annually employees shall receive and earn vacation leave with pay as follows:
Vacation Benefit. 36.1 Effective January 2010, an employee who works eleven hundred (1,100) or more hours in the prior calendar year will be given each January a lump sum “vacation payment” of one percent (1%) of their annual gross earnings (calendar year defined as the period for which wages earned are reported for tax purposes). The PARTIES agree that this provision shall survive the term of this MOU absent mutual agreement to the contrary.
36.2 Effective the pay period beginning December 30, 2016, an employee who works eleven hundred (1,100) or more hours in the prior calendar year will be given each January a lump sum “vacation payment” of three percent (3%) of their annual gross earnings (calendar year defined as the period for which wages earned are reported for tax purposes).
Vacation Benefit. Employees who leave the service after completion of twelve
Vacation Benefit. Employees who leave the service after completion of twelve (12) consecutive months of employment shall receive vacation for the calendar year in which termination occurs on the basis of one-twelfth (1/12) of their vacation entitlement for that year for each month or portion of a month greater than one-half (½) worked to the date of termination. In all cases of termination of service for any reason, adjustment will be made for any overpayment of vacation.
Vacation Benefit. Each eligible employee (rules governing vacations are set forth in Schedule D attached hereto and made a part hereof) shall be entitled to the vacation benefit set forth below: Length of Continuous Full-Time Part-Time On-the-job Service Employee Employee (Effective 1960)
1. One (1 ) year or more One (1 ) week The number of but less than three (3 ) weekly hours years. regularly scheduled.
2. Three (3 ) years or Two (2 ) weeks Twice the more, but less than ten number of
Vacation Benefit a. Upon employment, the Employee shall be credited with forty (40) hours of vacation credits and shall accumulate vacation credits in accordance with the following schedule: 0 - 1 year 10 days 3.077 hours 1 - 2 years 15 days 4.615 hours After 2 - 4 years 17 days 5.231 hours After 4 - 9 years 21 days 6.462 hours After 9 - 14 years 23 days 7.077 hours After 14 - 19 years 28 days 8.615 hours After 19 - 24 years 33 days 10.154 hours After 24 years 35 days 10.769 hours
b. Subject to the approval of the District, vacations of one (1) to three (3) day duration may be scheduled with at least twenty-four (24) hours’ notice.
c. An employee may convert accumulated and unused annual leave to extra compensation at the employee’s current salary subject to the following schedule: 80 hours 40 hours 88 hours 48 hours 96 hours 56 hours 104 hours 64 hours 112 hours 72 hours 120 hours 80 hours d. Employees may accumulate up to two (2) times their annual vacation credits.