Common use of Vacation Period 2 Clause in Contracts

Vacation Period 2. On October 15th of each year, the Company shall post a list upon which the employees shall indicate their vacation preference. All employees shall give their preference of vacation at the latest by November 1st. Employees failing to sign for their choice of vacation at the selection period will not be allowed to displace junior employees at a later date and will be assigned to the remaining available weeks by seniority. On November 15th, the Company shall post the final vacation schedule for Vacation Period 2. After November 15th, no vacation may be changed without the consent of the employee or employees concerned, and the Branch Manager, unless an emergency arises. If the vacation cap during Vacation Period 2 has been over-booked, the Vacation Period 1 will be reopened on November 15th at which time all remaining vacation entitlement must be booked during the 1st period and may not displace other employees. The schedule for Vacation Period 1 will be reposted on November 15th, taken down December 1st and the final schedule posted on December 15th.