Common use of VACATION PAY AND STATUTORY HOLIDAY PAY Clause in Contracts

VACATION PAY AND STATUTORY HOLIDAY PAY. (a) Vacation and statutory holiday credits shall be paid to employees covered by this Collective Agreement at the rate of ten percent (10%) of the gross wages earned. It is understood and agreed that five percent (5%) is to be considered in lieu of statutory holiday pay. The holidays for which pay is being received pursuant to this paragraph (a) are: New Year's Day, Family Day, Good Friday, Victoria Day, Canada Day, Labour Day, Thanksgiving Day, Christmas Day and the twenty-sixth (26th) day of December or any other holiday proclaimed by the government.

VACATION PAY AND STATUTORY HOLIDAY PAY. (a) Vacation and statutory holiday credits shall be paid to employees covered by this Collective Agreement at the rate of ten percent (10%) of the gross wages earned. It is understood and agreed that five percent (5%) is to be considered in lieu of statutory holiday pay. , The holidays for which pay is being received pursuant to this paragraph (a) are: New Year's Day, Family ’s Day, Good Friday, Victoria Day, Canada Dominion Day, Labour Day, Thanksgiving Day, Christmas Day and the twenty-sixth (26th) 26th day of December or any other holiday proclaimed by the government.