Common use of Vacation Entitlement and Pay Clause in Contracts

Vacation Entitlement and Pay. a) An employee who has completed the Company service requirements listed below shall be granted a vacation and receive vacation pay as follows: Company Service Requirement Length of Vacation Computation of Vacation Pay 1 Year 2 Weeks 4% of wages earned since previous vacation 20 Years 5 Weeks 10% of wages earned since previous vacation 30 Years 6 Weeks 12% of wages earned since previous vacation

Vacation Entitlement and Pay. a) An employee who has completed the Company service requirements listed below shall be granted a vacation and receive vacation pay as follows: Company Service Requirement Length of Vacation Computation of Vacation Pay 1 Year 2 Weeks 4% of wages earned since previous vacation 3 Years 3 Weeks 6% of wages earned since previous vacation 10 Years 4 Weeks 8% of wages earned since previous vacation 20 Years 5 Weeks 10% of wages earned since previous vacation 30 Years 6 Weeks 12% of wages earned since previous vacation

Vacation Entitlement and Pay. (a) An employee who has completed the Company service requirements listed below shall be granted a vacation and receive vacation pay as follows: Company Service Requirement Length of Vacation Computation of Vacation Pay 1 Year 2 Weeks 4% of wages earned since previous vacation 20 Years 5 Weeks 10% of wages earned since previous vacation 30 Years 6 Weeks 12% of wages earned since previous vacation