Common use of Vacation Pay and Recognized Clause in Contracts

Vacation Pay and Recognized. Holiday Pay shall be credited to the employee at the percentage of his basic pay as set forth below. Basic pay shall be defined as the total dollar sum of all hours worked (including hours credited for overtime premiums) multiplied by the applicable net straight time hourly rate. (i.e. exclusive of employee benefit and other contributions). The applicable percentage shall be: a) Vacation pay at six percent (6%) of basic pay b) Recognized Holiday Pay at four percent (4%) of basic pay.

Vacation Pay and Recognized. Holiday Pay shall be credited to the employee at the percentage of his basic pay as set forth below. Basic pay shall be defined as the total dollar sum of all hours worked (including hours credited for overtime premiums) multiplied by the applicable net straight time hourly rate. (i.e. exclusive of employee benefit and other contributions). The applicable percentage shall be: (a) Vacation pay at six percent (6%) of basic pay; (b) Recognized Holiday Pay holiday pay at four percent (4%) of basic pay.

Vacation Pay and Recognized. Holiday Pay shall be credited to the employee at the percentage of his their basic pay as set forth below. Basic pay shall be defined as the total dollar sum of all hours worked (including hours credited for overtime premiums) multiplied by the applicable net straight time hourly rate. (i.e. exclusive of employee benefit and other contributions). The applicable percentage shall be: a) Vacation pay at six percent (6%) of basic pay b) Recognized Holiday Pay at four percent (4%) of basic pay.

Vacation Pay and Recognized. Holiday Pay shall be credited to the employee at the percentage of his basic pay as set forth below. Basic pay shall be defined as the total dollar sum of all hours worked (including hours credited for overtime premiums) multiplied by the applicable net straight time hourly rate. (i.e. exclusive of employee benefit and other contributions). The applicable percentage shall be: (a) Vacation pay at six percent (6%) of basic pay (b) Recognized Holiday Pay at four percent (4%) of basic pay.