Common use of Vacation Credits Clause in Contracts

Vacation Credits. Vacation credits are administered on a calendar year basis. In order to earn the monthly vacation leave credit, employees must receive salary for at least ten (10) days in the calendar month. New employees shall earn vacation leave at the rate of 9.375 hours per month (one and one quarter (1 and ¼) days per month). After six (6) calendar months of service, they shall be credited with vacation leave to the extent of the amount that they shall earn to the end of the vacation reference year. Employees who have completed six (6) months’ or more service with the Company by December 31st each year shall be credited with annual vacation as follows:

Appears in 5 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

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Vacation Credits. Vacation credits are administered on a calendar year basisbasis (January to December). In order to earn the monthly vacation leave credit, employees must receive salary for at least ten (10) days in the calendar month. New employees shall earn vacation leave at the rate of 9.375 hours per month (one and one quarter (1 and ¼) days per month). After six (6) calendar months of service, they shall be credited with vacation leave to the extent of the amount that they shall earn to the end of the vacation reference year. Employees who have completed six (6) months’ or more service with the Company by December 31st each year shall be credited with annual vacation as follows:

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

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