VACATION & HOLIDAY PAY. 12.01 Vacation and statutory holiday credits shall be paid to employees covered by this Agreement at the rate of ten percent (10%) of the gross wages earned. For tax purposes, such credits shall be added to the employees weekly pay and taxed prior to deduction. It is understood and agreed that five percent (5%) of the gross wages is to be considered in lieu of statutory holiday pay.
Appears in 3 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
VACATION & HOLIDAY PAY. 12.01 10.01 Vacation and statutory holiday credits shall be paid to employees covered by this Agreement at the rate of ten percent (10%) of the gross wages earned. For tax purposes, such credits shall be added to the employees weekly pay and taxed prior to deduction. It is understood and agreed that five percent (5%) of the gross wages is to be considered in lieu of statutory holiday pay.
Appears in 1 contract
Samples: Collective Agreement
