Vacation Pay Reduction Sample Clauses

Vacation Pay Reduction. (a) Vacation pay shall be reduced on a pro-rated basis if an employee is absent for more than a total of fifteen (15) working days due to temporary lay-off, GDOs, weekly indemnity, long-term disability, unauthorized absence, or unpaid leave of absence. The first fifteen (15) working days absence for any one or more of the above reasons shall not be counted when determining the pro-rated reduction of vacation pay due to such absences.
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Vacation Pay Reduction. 117.11.01 There shall be no reduction in vacation pay where an employee has been absent the previous year for periods of sixty paid (work) days or less . Effective December 15, 2009, this excludes absence from work of a full-time President of ATU Local, 741 .
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Vacation Pay Reduction. There shall be no reduction in vacation pay where an employee has been absent the previous year for periods of paid (work) days or less. Effective December this excludes absence from work of a Full Time President of Local For periods of absence in excess of paid days, the following formula will apply to determine the vacation pay (hours) reduction. base paid days per year equal to days or payroll hours per year. Base paid days are calculated as follows: days minus Saturday and Sundays and statutory holidays; threshold days, for the purpose of determining vacation pay reduction only, equal to paid days or hours; actual lost time to be expressed in paid days, noting a paid day is based on hours BASE PAID (LOST TIME THRESHOLD TIME) X BASE PAID HOURS EXAMPLE: BASE PAID DAYS DAYS (2,016 HOURS) THRESHOLD DAYS (480 HOURS) ACTUAL LOST TIME DAYS (800 HOURS) CURRENT VACATION TIME WEEKS (1 HOURS) X = ELIGIBLE VACATION TIME EQUAL TO OF CURRENT VACATION TIME LOST VACATION TIME EQUAL TO OF CURRENT VACATION TIME LOST VACATION TIME EQUAL TO TIMES HOURS OR HOURS HOURS TIMES WAGE RATE = LOST VACATION PAY The results of the formula will be rounded to the nearest full hour. Vacation pay reduction will not reduce entitlement below two weeks (SO hours). Effective with vacation observance, vacation pay reduction will not reduce entitlement by more than two weeks (SO hours). An employee will have the option of taking the lost vacation time without pay or working such time. That is, the employee will sign for all vacation entitlements but may elect to work some of the vacation time, to a maximum of the lost vacation pay.
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Related to Vacation Pay Reduction

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

  • 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 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.

  • VACATION AND VACATION PAY 9.01 All employees who are covered under this Agreement shall receive vacation pay as a percent of the employee's total earnings exclusive of the Employer's contribution to the Union's Benefit Plan. Income tax shall be deducted weekly from the employee's earnings increased by the amount of vacation pay.

  • Computation of Vacation Pay Where an employee's vacation pay for the current year is to be computed as a percentage of his "total wages earned" in the previous year, such "total wages earned" shall include the amount of vacation pay the employee received in the previous year.

  • Dependent Care Salary Reduction Plan The Employer agrees to maintain the current dependent care salary reduction plan that allows eligible employees, covered by this Agreement, the option to participate in a dependent care reimbursement program for work-related dependent care expenses on a pretax basis as permitted by federal tax law or regulation.

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