Common use of Vacation pay for Regular Employees on Short Time Clause in Contracts

Vacation pay for Regular Employees on Short Time. Vacation pay will be computed at the rate of two per centum (2%) of annual earnings for each week of vacation granted. At no time shall an employee's vacation be less than the equivalent of forty (40) hours' pay per week of vacation provided he has worked fifty per centum (50%) of the time in the previous vacation year. Vacations and General Holidays shall be considered as time worked. This provision shall only apply to employees on short time due to layoff, sickness or Workers' Compensation and shall not apply to employees who sever or have their employment severed. In the event an employee who has not worked fifty per cent (50%) of the time (days) he shall not be compelled to take full vacation. He may take vacation time to match his accrual of the previous year. It shall be at the employee’s discretion. Time served will be rounded off to the next full week.

Vacation pay for Regular Employees on Short Time. Vacation pay will be computed at the rate of two per centum (2%) of annual earnings for each week of vacation granted. At no time shall an employee's vacation be less than the equivalent of forty (40) hours' pay per week of vacation provided he has worked fifty per centum (50%) of the time in the previous vacation year. Vacations and General Holidays shall be considered as time worked. This provision shall only apply to employees on short time due to layoff, sickness or Workers' Compensation and shall not apply to employees who sever or have their employment severed. In the event an employee employee, who has not worked fifty per cent (50%) of the time (days) he shall not be compelled to take full vacation. He may take his vacation time to match his accrual of the previous year. It shall be at the employee’s discretion. Time served will be rounded off to the next full week.