Common use of Vacation Bonus Clause in Contracts

Vacation Bonus. A Letter of Agreement not to be part of the Collective Agreement and not to be arbitrable to provide for the following employees that there shall be an annual vacation bonus to be granted equal to 50% of the annual unused sick leave, the bonus not to exceed 5 days, and not to be charged against the sick leave bank. That is, an employee who cashes in 10 days of unused sick leave and gets a 5 day vacation bonus will have 10 days credited to the bank. The employees are:

Appears in 5 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

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