Vacation Pay Adjustment. At the end of each calendar year, each employee shall be entitled to a vacation pay adjustment equal to the difference between the dollars of vacation pay they received during the year and a percentage of their earnings during the year. The percentage shall be equal to the number of shifts of vacation during the year divided by one hundred and eighty-two (182) for suppression employees and the number of calendar days of vacation for non-suppression employees divided by three hundred and sixty- five point two-five days (365.25) for non-suppression employees. For the purpose of this adjustment earnings shall exclude annual vacation, bonus payments, refunds and allowance payments.
Vacation Pay Adjustment. The City shall provide a percentum annual vacation pay adjustment to all employees required to act in a rank above their classified rank. The percentum shall be two (2) percent for each group of four (4) duty shifts (or seven (7) calendar days dependent upon regular weekly hours) of paid annual vacation entitlement in the current year (pro‐rated for lesser periods) and applied to the difference between the basic rate of pay the employee received while so acting and the classified rank basic rate of pay received by the employee. The basic rate of pay is exclusive of all overtime or other extra payments.
Vacation Pay Adjustment. The Vacation Pay Adjustment payment makes up for the difference, if any, between what has been paid by the company during a year and four (4)% of annual earnings to employees who have less than six (6) consecutive years of service, or six (6)% of annual earnings to those who have six (6) or more consecutive years of service. For this calculation, annual earnings include job related compensation payments. It does not include termination allowances and other such earnings.
Vacation Pay Adjustment. As soon as possible following December 31st in each year, a vacation pay adjustment will be made in a lump sum to all employees other than those entitled to an annual percentage of earnings in lieu of vacation, where such employee’s annual basic earnings exclusive of overtime and any other premium payments not normally taken into account in the computation of annual vacation pay exceeds their regular base rate earnings during the year in question. Such cash payments shall reflect the proportionate difference between the actual annual basic earnings and regular base rate of pay applied to the employee’s annual vacation pay for the year in question, but shall not be paid in any case where the total amount payable is less than ten dollars ($10.00).
Vacation Pay Adjustment. A vacation adjustment shall be paid on or before February 28th to all active full-time employees as of the last pay period ending date of the previous year, calculated as follows: (Gross Earnings X Vacation Pay %) - (Annual Entitlement X Rate of Pay) = Vacation Pay Adjustment Gross Earnings = Gross earnings as reported on the employee’s T4 less: ▪ Taxable Allowances ▪ Previous year vacation pay adjustment ▪ Vacation Pay % = as defined in Article 13.16. ▪ Annual Entitlement = as defined in Article 13.16. Rate of Pay = Employee’s hourly rate as of the last pay period at year end or the termination date. For employees who commenced employment during the year, the vacation pay adjustment shall be prorated based on the number of calendar days in the Company’s employ. Upon termination, all outstanding vacation entitlement will be paid out and a further vacation pay adjustment will be made to adjust for the period from the employee’s accredited service date and their termination date.
Vacation Pay Adjustment. For all Regular Full-Time Employees and Temporary Full-Time Employees, as soon as possible following December 31st in each year, a vacation pay adjustment may be made in a lump sum to all Employees, where such Employee's annual basic earnings (exclusive of overtime and any other premium payments not normally taken into account in the computation of annual vacation pay) exceeds their regular base rate earnings during the year in question. Such cash payment shall reflect the proportionate difference between the actual annual basic earnings and regular base rate earnings applied to the Employee's annual vacation pay for the year in question but shall not be paid in any case where the total amount payable is less than one dollar ($1.00).
Vacation Pay Adjustment. Federal legislation requires that an employer provide annual vacation pay of at least 4% of annual earnings to employees who have less than 6 consecutive years of service, or 6% of annual earnings to those who have 6 or more consecutive years of service. The Vacation Pay Adjustment payment makes up for the difference, if any, between what has been paid by the Company during a year and what the requirements are. For this calculation, annual earnings include any job related compensation payments. It does not include termination allowances and other such earnings.
Vacation Pay Adjustment. At the end of each calendar year, each employee shall be entitled to a vacation pay adjustment equal to the difference between the dollars of vacation pay they received during the year and a percentage of their earnings during the year. The percentage shall be equal to the number of calendar days of vacation divided by three hundred and sixty‐ five point two‐five days (365.
Vacation Pay Adjustment. Any Annual Vacation pay adjustment due as per Article G9.03.1 will be paid in the year it is due. The week(s) banked will be paid at the applicable hourly rate in effect at the time it is taken and will not attract any A/V differential. Employees who on the ratification date of this Agreement have Annual Vacation banked from previous years will have their A/V differential for previous years recalculated and paid in full not later than 30 days following ratification.
Vacation Pay Adjustment. The vacation pay adjustment shall be paid on the paycheque covering the final week of December in each year. Where, during the vacation year, an employee has worked on work schedules which average more than thirty five (35) hours per week, such employee will be entitled a vacation pay adjustment in recognition of their increased average hours of work. The formula for computing this vacation pay adjustment is as follows: = revised vacation Where an employee has received more vacation pay than the formula provides, no recovery will be made.
