Common use of Vacation Bonus Clause in Contracts

Vacation Bonus. ‌ Employees shall receive one day's base pay (or adjusted earnings) for each year of service beyond twenty-five (25) years, to a maximum of ten (10) days’ pay. On retirement or termination, vacation bonus payout will be prorated based on the employee’s VCD. 5 Relevant work experience of one year or more is required to receive this credit. 6 Relevant work experience of two years or more is required to receive this credit.

Vacation Bonus. ‌ Employees shall receive one day's base pay (or adjusted earnings) for each year of service beyond twenty-five (25) years, to a maximum of ten (10) days’ pay. On retirement or termination, vacation bonus payout will be prorated based on the employee’s VCD. 5 Relevant work experience of one year or more is required to receive this credit. 6 Relevant work experience of two years or more is required to receive this credit.