Vacation Pay Calculation Sample Clauses

Vacation Pay Calculation. (A) Regular full-time employees shall receive regular pay for the vacation entitlement.
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Vacation Pay Calculation. The definition of gross earnings will be regular earnings, shift premiums, general holiday pay, overtime earnings, banked overtime paid, paid leave of absence approved by the Company and up to twenty-six (26) weeks or the actual working days on short term disability, (short term disability is paid at seventy-five (75%) percent of an employee’s regular hourly rate of pay) WCB or MPIC, with the regular hourly rate of pay at the time of the accident/leave times eight (8) hours per day to be used for the calculation of earnings to be included in gross earnings for the purpose of calculating vacation pay in this Article. Vacation pay and bonuses are not included in gross earnings when calculating vacation pay.
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Vacation Pay Calculation. The basis of vacation pay shall be as follows: One day's vacation pay shall be eight (8) hours times the average hourly rate determined over a five week period just prior to May 15th or one-fifth of 2% of the total previous calendar year's earnings whichever is greater.
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Vacation Pay Calculation. The calculation of vacation pay shall remain status quo for the duration of the Collective Agreement. Dated this day of 2007 For the Union For the Company
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Vacation Pay Calculation. All full-time employees shall receive vacation pay calculated on their current weekly wage. Regular part-time employees shall receive a percentage of their earnings according to Article A leave of absence of thirty (30) working days or more per year or a Long Term Disability leave shall reduce the vacation pay and earned vacation proportionately except in the case of leave, in which case vacation time shall continue to accumulate but vacation pay shall be pro-rated in accordance with the employee's actual earnings in the vacation entitlement year.
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Vacation Pay Calculation. 1. For a Pilot with one or more full calendar years of service, a week of vacation will be based on the total W-2 Compensation earned by the Pilot in the immediately preceding calendar year divided by the number of weekly payroll periods in that calendar year, or current weekly guarantee, whichever is greater. 2. For a Pilot with less than one full calendar year of service, a week of vacation pay will be based on the total W-2 Compensation earned by the Pilot in the immediately preceding calendar year, divided by the number of weekly payroll periods in that preceding calendar year during which the Pilot was employed, or current weekly guarantee, whichever is greater. 3. When applicable, the value of a vacation day is based on the Pilot’s weekly vacation pay calculation, divided by five (5).
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Vacation Pay Calculation. Vacation pay will be calculated on the basis of each employee's regular rate at the time of taking their vacation, for thirty-seven and one-half (37 ½)) hours for each week of vacation entitlement, save and except that where an employee has worked less than sixty-six (66) percent of the regular hours in the previous year, ten (10), fifteen (15), twenty (20), twenty- five (25) or thirty (30) days vacation pay will be calculated on the basis of four (4) percent, six (6) percent, eight (8) percent, ten (10) percent, twelve (12) percent (whichever is applicable for ten (10), fifteen (15), twenty (20), twenty-five (25) or thirty (30) days) of their earnings received from the Employer in such period.
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Vacation Pay Calculation. When an employee has worked a minimum of thirteen hundred and fifty (1350) hours in a calendar year, including vacation time and WCB up to two hundred and fifty (250) hours, running from Company cut-off date to Company cut-off date, he shall be eligible for vacations with pay as above set forth. If less than thirteen hundred and fifty (1350) hours are worked, the employee shall be entitled to vacations as above set forth, however, the applicable percentage rate only shall apply. All employees must take their full vacation entitlement provided 1350 hours have been worked. If less than 1350 hours have been worked, an employee shall only be required to take two (2) weeks' vacation and may, at the employee's request, accept the balance of monies owed in lieu of vacation time.
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Vacation Pay Calculation full-time employees shall receive vacation pay calculated on their current weekly wage. Regular part-time employees shall receive a percentage of their accordingto Article A leave of absence of thirty (30) working days or more per year or a Long Disability leave shall reduce the vacation pay and earned vacation proportionately except in the case of leave, in which case vacation time shall continue to accumulate but vacation pay shall be pro-rated in accordance with the employee's actual earnings in the vacation year. Vacation requests must be submitted by April Vacation schedules shall be posted by May of each year and finalized by May of each year, and shall not be changed thereafter unless mutually agreed upon by the Employer and employee involved. Employees shall make application, in writing, dated and signed. The allocation of vacations shall be in with seniority, the Employer shall how many employees may be on vacation at any one time. Part-time employees shall be granted vacations with pay as Hours Time Off Without After weeks After weeks After weeks Part-time employees shall be granted vacations with pay as follows: Pay Completed Time Off Without Pay Effective April I, After weeks After weeks After weeks weeks Part-time employees shall be granted vacations with pay as follows: Hours Completed Time Off Without Pay In accordance with Employment Standards Act, After weeks After weeks After weeks After weeks Part-time employees shall receive vacation pay, separate from their regular pay, in the first full pay period of March in each year.
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Related to Vacation Pay Calculation

  • Vacation Payout Where an employee requests in writing to have a specific number of vacation days paid out, and the Employer agrees to the request, the Employer will issue pay in lieu of vacation. Pay in lieu of vacation, if agreed, will be granted only after a minimum of 15 days' vacation time has already been taken in the year.

  • Vacation Pay Paid Union leaves. All other payments, premiums, allowances etc. are excluded.

  • Part-time Vacation Pay If the Employer currently has the computer systems’ capability to implement bi- weekly vacation pay, they shall do so by the start of the next vacation year or earlier. Those Employers with no computer capability will endeavour to implement bi- weekly vacation pay if there is no significant administrative burden, by the start of the next vacation year or earlier. If the Employer does not so implement, it will provide reasons in writing to the Union. Where possible without extensive programming changes, the amount of vacation pay will be separately identified on the pay stub.

  • Vacation Pay Upon Termination When an employee in the bargaining unit is terminated for any reason, he/she shall be entitled to all vacation pay earned and accumulated up to and including the effective date of the termination.

  • Payment Calculation District shall pay Contractor at a rate of $ per . District shall pay Contractor as described in attached Exhibit A

  • Vacation Leave Accrual Rate Schedule Full Years of Service Hours Per Year

  • Termination Pay Effective upon the termination of this Agreement, the Employer will be obligated to pay the Executive (or, in the event of his death, his designated beneficiary as defined below) only such compensation as is provided in this Section 6.5, and in lieu of all other amounts and in settlement and complete release of all claims the Executive may have against the Employer. For purposes of this Section 6.5, the Executive's designated beneficiary will be such individual beneficiary or trust, located at such address, as the Executive may designate by notice to the Employer from time to time or, if the Executive fails to give notice to the Employer of such a beneficiary, the Executive's estate. Notwithstanding the preceding sentence, the Employer will have no duty, in any circumstances, to attempt to open an estate on behalf of the Executive, to determine whether any beneficiary designated by the Executive is alive or to ascertain the address of any such beneficiary, to determine the existence of any trust, to determine whether any person or entity purporting to act as the Executive's personal representative (or the trustee of a trust established by the Executive) is duly authorized to act in that capacity, or to locate or attempt to locate any beneficiary, personal representative, or trustee.

  • Vacation Accrual Rates Laid off employees who are re-employed shall have the vacation accrual rate they held immediately prior to layoff restored.

  • Vacation Buy Back Employees shall have the option of requesting pay in lieu of time off up to a maximum of 144 hours of vacation time each year, during each year of the contract in increments of eight (8) hrs. Such requests are subject to the approval of the department head and the availability of funds.

  • Final Compensation Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS prior to January 15, 2011, is based on the highest average monthly pay rate during twelve (12) consecutive months of employment. Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS on or after January 15, 2011, is based on the highest average monthly pay rate during thirty-six (36) consecutive months of employment.

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