Vacation Compensation. Compensation for each paid vacation day not taken out is 4.6% of the current monthly salary plus vacation supplement as specified in 9.4 and 9.4. 1. For each saved vacation day, vacation compensation is calculated as if the saved day had been taken in the vacation year in which the employment terminates.
Appears in 3 contracts
Sources: General Employment Conditions, General Employment Conditions, Agreement for Salaried Employees
Vacation Compensation. Compensation for each Vacation compensation is calculated at 5.4 per cent of the relevant monthly salary per untaken paid vacation day not taken out is 4.6% of the current monthly salary plus any vacation supplement of 0.5 per cent as specified in 9.4 and 9.4.
1Item 4:1. For each Vacation compensation for saved vacation day, vacation compensation days is calculated as if the saved day vacation days had been taken in the vacation year when the employ- ment ceased. For changes in which the employment terminatesworking hours, see Item 4:4.
Appears in 1 contract
Sources: Wage Formation Agreement