VACATION PAY AND STATUTORY HOLIDAYS. (a) Vacation Pay and Statutory Holiday Pay for all employees covered by this Agreement shall be paid ten percent (10%) of gross wages earned. That part of the amount allocated to vacation pay shall be the minimum required by the Employment Standards Act, 2000, as amended from time to time, and the balance is lieu of payment for recognized Statutory Holidays. (b) Vacation pay shall be paid to the employees on a weekly basis or twice annually to last pay cheque in the months of May and November, at the option of the Employer.
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Samples: Collective Agreement, Collective Agreement, Collective Agreement
