Vacation Pay Payment Clause Samples

The Vacation Pay Payment clause outlines how and when employees are compensated for accrued vacation time. Typically, this clause specifies whether vacation pay is provided during employment, upon taking vacation, or at the end of employment, and may detail calculation methods or eligibility requirements. Its core function is to ensure employees receive appropriate compensation for earned vacation, providing clarity and preventing disputes over payment of unused vacation time.
Vacation Pay Payment. Vacation time may be paid once per quarter following the Associate’s anniversary date of hire. Payment will be made in a single payment within two (2) pay periods following the request made in writing to Human Resources. Said deferral may be in forty (40) hour increments, but not less than forty (40) hours. The actual day(s) utilized for vacation (that have been paid) shall, accordingly, be unpaid. Payment will be made at the Associate’s rate of pay on the day prior to the anniversary hire date.
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Vacation Pay Payment. (a) All Employees shall be paid vacation pay, accrued during the period January 1 to December 31 in a calendar year, on or before January 15th of the following calendar year. An Employee who is to be laid off may request payment of vacation pay, accrued from January 1 to the date of layoff in that calendar year, fourteen (14) calendar days prior to the date of such layoff. (b) Employees shall have the option of retaining vacation pay or being paid the appropriate percentage basis as per Article 15.01
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Vacation Pay Payment. Vacation pay is paid on the first pay period in July.
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Vacation Pay Payment. Employees shall receive their vacation pay on a date not later than one (1) day previous to the date on which their vacations are scheduled to start.
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Related to Vacation Pay Payment

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

  • Compensation & Payment 8.4.1. Should the claim be found proven; settlement is executed only in the form of compensation payment added to the Client trade account. 8.4.2. Compensation shall not compensate the profit not received by the Client in the event that the Client had an intention to perform some action but has not performed it for some reason. 8.4.3. The Company shall not compensate non-pecuniary damage to the Client. 8.4.4. The Company adds a compensation payment to the Client trading account within one working day since the moment of making a positive decision on the dispute situation.

  • 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 Bonus Employees shall receive one day's base pay (or adjusted earnings) for each year of service beyond twenty-five (25) years, to a maximum of ten (10) days’ pay.

  • Vacation Benefits During the Term, the Executive shall be eligible for 20 vacation days annually, which shall be accrued and used in accordance with the applicable policies of the Company. During the Term, the Executive shall be eligible to participate in such medical, dental and life insurance, retirement and other plans as the Company may have or establish from time to time on terms and conditions applicable to other senior executives of the Company generally. The foregoing, however, shall not be construed to require the Company to establish any such plans or to prevent the modification or termination of such plans once established.