Common use of Vacation Pay Adjustment Clause in Contracts

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. For all Regular Full-Time Employees and Temporary Full-Time Employees, as (a) As soon as possible following December 31st in each year, a lump sum vacation pay adjustment may shall be made in to those regular full-time employees who are not entitled to vacation pay as a lump sum to all Employeespercentage of earnings, where such Employee's regular full-time employees' annual basic earnings (earnings, exclusive of overtime and any other premium payments not normally taken into account in the computation of annual vacation pay) exceeds , exceeded their regular base normal classification rate of pay earnings during the year in questionthat year. Such cash payment Payments under this section shall reflect the proportionate difference between the regular full-time employees' actual annual basic earnings and regular base normal classification rate earnings of pay earnings, applied to the Employee's regular full-time employees' annual vacation pay for the year in question year, but shall not be paid in any case where the total amount payable is less than one dollar ($1.00).

Vacation Pay Adjustment. For all Regular Full-Time Employees and Temporary Full-Time Employees, as 15.03.1 As soon as possible following December 31st in each year, a lump sum vacation pay adjustment may shall be made in to those regular full-time employees, who are not entitled to vacation pay as a lump sum to all Employeespercentage of earnings, where such Employee's regular full-time employees’ annual basic earnings (earnings, exclusive of overtime and any other premium payments not normally taken into account in the computation of annual vacation pay) exceeds , exceeded their regular base normal classification rate of pay earnings during the year in questionthat year. Such cash payment Payments under this section shall reflect the proportionate difference between the regular full-time employees’ actual annual basic earnings and regular base normal classification rate earnings of pay earnings, applied to the Employee's regular full- time employees’ annual vacation pay for the year in question year, but shall not be paid in any case where the total amount payable is less than one dollar ($1.00).