Vacation Formula Sample Clauses

Vacation Formula. The formula for calculating the number of eligible employees able to take vacation each week in each classification will be as follows: ● Total the number of eligible weeks of vacation for employees with at least one year of service as of January 1st. That total number of weeks will be divided by 50. Example - 25 employees in a classification, 10 employees with 4 weeks, 10 with 3 weeks and 5
AutoNDA by SimpleDocs
Vacation Formula. The Employer and the Union agree to the following principles in the selection of vacation by introducing a formula to establish the numbers of employees able to select vacations by classification on a weekly basis. - The formula for calculating the number of eligible employees allowed to take vacation in any week other than the week before Christmas, Christmas week and the week after Christmas (Section 11.03 (D) – December Vacation) will be as follows: - By classification, each store will total the number of eligible weeks of vacation for employees with at least one year of service as of January 1. That total number of weeks will be divided by 50. - The Employer and the Union will micromanage stores which are negatively impacted by the formula.
Vacation Formula. For the purpose of calculation, vacation credits shall be totaled as of the employee's anniversary date each year and the vacations for that year shall be based on those hours. Employees with One (1) Year's Service: One (1) hour for each fifty (50) hours worked. Employees with Two (2) to Four (4) Years' Service: Two (2) hours for each fifty (50) hours worked. Employees with Four (4) to ten (10) Years' Service: Three (3) hours for each fifty (50) hours worked. Employees with Eleven (11) or more Years of Service: Four (4) hours for each fifty (50) hours worked.
Vacation Formula. Maximum number of scheduled days = total days in the month - (12 Days Off + Vacation Days + Statutory Holidays) VACATION FORMULA: FEBRUARY Maximum number of scheduled days = total days in the month - (11 Days Off + Vacation Days + Statutory Holidays)
Vacation Formula. Each employee in the continuous service of the Authority as of June 1st will receive a paid vacation during the VPY in accordance with the following schedule, provided the employee has worked at least two hundred (200) days during the previous calendar year. Years of Continuous Service Vacation Allowance Vacation Pay 1 year but less than 2 years 7 consecutive days 40 hours 2 years or more but less than 5 years 14 consecutive days 80 hours 5 years or more but less than 10 years 21 consecutive days 120 hours 10 years or more but less than 20 years 28 consecutive days 160 hours 20 years or more but less than 30 years 35 consecutive days 200 hours 30 years or more 42 consecutive days 240 hours 11.7 PRO-RATED FORMULA Employees in the continuous service of the Authority as of June 1st, but who have not worked at least two hundred (200) days during the previous calendar year, will receive a paid vacation pro-rated on the number of days actually worked in accordance with the following schedules. Schedule A: Pro-rated schedule for employees having less than one (1) year of service and for employees having one (1) year of service but less than two (2) years of service Employees having less than one (1) year of service with minimum calendar days in service Days worked Vacation Allowance in working days with eight (8) hours pay per day 0 to less than 40 0 73 40 to less than 80 1 146 80 to less than 120 2 219 120 to less than 160 3 292 160 to less than 200 4 365 200 plus 5 Schedule B: Pro-rated schedule for employees having two (2) years or more but less than five (5) years of continuous service Days worked Vacation Allowance in working days with eight (8) hours pay per day 0 to less than 20 0 20 to less than 40 1 40 to less than 60 2 60 to less than 80 3 80 to less than 100 4 100 to less than 120 5 120 to less than 140 6 140 to less than 160 7 160 to less than 180 8 180 to less than 200 9 200 plus 10 Schedule C: Pro-rated schedule for employees having five (5) years or more but less than ten (10) years of continuous service Days worked Vacation Allowance in working days with eight (8) hours pay per day 0 to less than 13 0 13 to less than 27 1 27 to less than 40 2 40 to less than 53 3 53 to less than 67 4 67 to less than 80 5 80 to less than 93 6 93 to less than 107 7 107 to less than 120 8 120 to less than 134 9 134 to less than 147 10 147 to less than 161 11 161 to less that 174 12 174 to less than 187 13 187 to less than 200 14 200 plus 15 Schedule D: Pro-rated sche...
Vacation Formula. The Employer and the Union agree to the following principles in the selection of vacation using a formula to establish the numbers of employees able to select vacations by classification on a weekly basis. - The formula for calculating the number of eligible employees allowed to take vacation in any week other than the week before Christmas, Christmas week and the week after Christmas (Section 11.03 (D) – December Vacation) will be as follows: - By classification, each store will add up the total number of eligible weeks of vacation for employees within the classification with at least one year of service as of January 1. That total number of vacation weeks will be divided by 50. - The formula number will be rounded up from 0.5, (example 2.5 = 3) and rounded down from 0.4 (example 2.4 = 2) - The Employer and the Union will micromanage stores which are negatively impacted by the formula.
Vacation Formula. (a) Commencing on the first day of permanent employment, an employee shall earn vacation at the rate of fifteen (15) days vacation in each year worked.
AutoNDA by SimpleDocs
Vacation Formula. For the purposes of calculation, vacation credits shall be credited as of the Anniversary Date and the vacation for that year shall be paid as follows:

Related to Vacation Formula

  • Sick Leave Incentive Program MSUAASF and Minnesota State may develop a sick leave incentive program through the establishment of a joint committee.

  • Vacation Credit Any outstanding vacation entitlement for a person going on LTD will be paid in cash upon expiry of sick leave. The cash payment will be calculated on the base earnings at the expiration of sick leave for the prorated days of vacation entitlement, any outstanding lieu days, any outstanding floating statutory holidays, and banked time for 40-hour per week employees. No vacation entitlement, floating holidays, or banked time for 40-hour per week employees accrues while a member is in receipt of LTD benefits.

  • Vacation Periods Vacation schedules will be set by the employee’s immediate supervisor(s) and sent to the Office of Human Resources for approval. Employees may request a particular period for vacation. Vacation days may not be taken in advance of their accrual. Those employees who are on a 12-month teacher contract are paid during Spring Break and Winter Recess, however, are not expected to be in attendance or perform duties during those breaks.

  • Vacation Year The vacation year shall be April 1 to March 31, inclusive.

  • Sick Leave Incentive Effective September 1, 1986, employees covered by this Agreement, hired on or after October 1, 1977, who are not entitled to disability leave under State Statute R.C.W. 41.26, shall be eligible for the following sick leave incentive program:

  • Sick Leave Bonus For every six (6) months of perfect sick leave attendance after July 1, 1987, the employee will receive eight (8) hours of bonus time. This bonus time will be prorated for part-time employees. Such bonus time can be used for any leave purpose covered by this Agreement. Such bonus time shall be counted as vacation leave credits for purposes of determining eligibility for carry- over and cash payments.

  • Vacation Period ‌ The choice of vacation periods shall be granted to employees on the basis of seniority with the Employer except where the period requested would be detrimental to the operation of the Employer.

  • Sick Leave Payout No cash payment for unused sick leave will be paid to any employee leaving the service of the Employer.

  • Compensation for Holidays Worked a. With the exception of the provisions in Section C.2.b., below, an employee required to work on a holiday listed above shall be paid at the employee's regular straight-time rate of pay for the hours actually worked. In addition, an eligible employee shall receive either compensatory time off or holiday pay at the option of the University at the regular straight- time rate, including any shift differential.

Time is Money Join Law Insider Premium to draft better contracts faster.