Vacation Proration Sample Clauses

Vacation Proration. An employee's annual vacation shall be prorated for leaves of absence without pay that exceed twenty (20) working days in total in any calendar year and for all time absent due to layoffs.
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Vacation Proration. Earning months shall be premised on job classification and a proration will be calculated for periods not worked for reasons of disability, workers compensation and absence without pay. Proration will be done only for months in which the employee is off work for more that ½ of the scheduled work days of that month. Payment for vacation days (including days from those employees who work less than full time or job share) will be based upon hours worked as more fully described in Article 15, Section D of this contract.
Vacation Proration. Vacation is prorated based on the number of days worked per year and the number of hours worked per day. Unit members who work less than twelve (12) months per year shall receive vacation on a pro rata basis based on the number of days the unit member works each year. In addition, the number of hours allotted to each vacation day shall be pro-rated if the unit member works less than eight (8) hours per day, based on the number of hours worked per day. (Example: a five (5) hour per day "DOSA, plus 10" unit member with 8 years of service receives 12.5 five (5) hour days per year or 62.5 hours/year. (DOSA is defined as Days of Student Attendance. There are 180 student attendance days. A DOSA plus 10 unit member's work year equals 202 days, composed of 190 work days, plus 12 holidays).
Vacation Proration. Vacation for regular part-time employees is computed in proportion to the number of hours employed during each month of the year.
Vacation Proration. Vacation shall be based on the calendar year. Proration of vacations for employees with less than one (1) calendar year of service (completed their probationary period) shall be determined by computing the actual period of employment during the calendar year. A. Any employee hired on or before the fifteenth day of the month shall be given credit for working the full month. B. If the employee is hired after the fifteenth of any month, he receives no credit for that month. C. If the employee leaves, or is terminated, after the fifteenth of any month, he shall be given credit for working that full month. D. If he leaves, or is terminated, on or before the fifteenth of the month, he shall receive no credit for that month.
Vacation Proration. Effective December 11, 2012 to 2016 February 21 inclusive, an employee who is absent as a result of sick leave for sixty (60) or more consecutive calendar days within twelve (12) consecutive months shall have their Annual Vacation and Statutory Holiday entitlement prorated for that year on the basis of the total time absent due to sick (excluding WorkSafe BC). Where the proration of an employee’s Annual Vacation and Statutory Holiday entitlement results in a deficit in the employee’s remaining Annual Vacation and Statutory Holiday entitlement in the year, the employee will either pay back any Annual Vacation days or Statutory Holidays owing, or shall have their following year’s entitlement reduced accordingly.
Vacation Proration. An employee's last full vacation crediting date, based on his/her seniority date is May 21st, 1994, which is the 82nd day of the fiscal year (1 March'94 to 28 February '95). On March 1, 1995, the employee will receive 284/365 of his/her annual vacation entitlement for the transition period of May 21st, 1994 through February 28th, 1995, less any semi-annual vacation credit received in the same time period. ../2 Re: Transition Crediting of Vacation and Personal Floating Holidays
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Vacation Proration. Employees who fail to accumulate the required sixteen hundred (1600) straight time regular payroll hours, those who die and those who are separated from the service, either temporarily or permanently, so that it is apparent at the time of separation that they will not accumulate sixteen hundred (1600) hours of straight time pay, shall be entitled to vacation leave before such separation computed as follows: 8.3 percent of the vacation credit of the previous July 1 multiplied by the number of calendar months in which employees have been paid for not less than one hundred and sixty (160) straight time regular payroll hours, and rounded to the nearest whole number. After sixteen hundred (1600) straight time hours are worked in a fiscal year, employees will be entitled to one hundred percent (100%) of their next July 1 vacation. Employees who have attained status for at least twelve (12) months but have not yet been placed on a fiscal year basis, and who are separated from the service, shall be entitled to prorated vacation leave, computed by multiplying the number of months worked from the one year anniversary date to the date of separation by 8.3 percent of ten (10) days and rounding the product to the nearest whole day. Current rules governing vacation shall otherwise continue to apply. This paragraph does not apply to part-time, seasonal or temporary employees. Employees hired on or after September 28, 2010 who have attained status for at least twelve (12) months but have not yet been placed on a fiscal year basis, and who are separated from the service, shall be entitled to prorated vacation leave, computed by multiplying the number of months worked from the one year anniversary date to the date of separation by 8.3 percent of five (5) days and rounding the product to the nearest whole day. Current rules governing vacation shall otherwise continue to apply. This paragraph does not apply to part-time, seasonal or temporary employees.

Related to Vacation Proration

  • PRORATION PERIOD The Tenant: (check one)

  • 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.

  • 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; Paid Time Off During the Employment Term, the Executive shall be entitled to paid vacation in accordance with the Company’s vacation policies, as in effect from time to time. The Executive shall receive other paid time-off in accordance with applicable law and the Company’s policies for executive officers as such policies may exist from time to time.

  • Proration (a) The allocation of rights to receive the Cash Consideration and the Stock Consideration among Holders will be made as set forth in this Section 2.2(a) (with the Exchange Agent to determine, consistent with Section 2.3(c), whether fractions of Cash Election Shares, Stock Election Shares or Non-Election Shares, as applicable, shall be rounded up or down). (i) If the Stock Election Number exceeds the Stock Conversion Number, then all Cash Election Shares and all Non-Election Shares shall be converted into the right to receive the Cash Consideration and, subject to Section 2.5(f) hereof, each holder of Stock Election Shares will be entitled to receive the Stock Consideration in respect of that number of Stock Election Shares held by such holder equal to the product obtained by multiplying (x) the number of Stock Election Shares held by such holder by (y) a fraction, the numerator of which is the Stock Conversion Number and the denominator of which is the Stock Election Number, with the remaining number of such holder’s Stock Election Shares being converted into the right to receive the Cash Consideration; and (ii) If the Stock Election Number is less than the Stock Conversion Number (the amount by which the Stock Conversion Number exceeds the Stock Election Number being referred to herein as the “Shortfall Number”), then all Stock Election Shares shall be converted into the right to receive the Stock Consideration and the Non-Election Shares and the Cash Election Shares shall be treated in the following manner: (A) If the Shortfall Number is less than or equal to the number of Non-Election Shares, then all Cash Election Shares shall be converted into the right to receive the Cash Consideration and, subject to Section 2.5(f) hereof, each holder of Non-Election Shares shall receive the Stock Consideration in respect of that number of Non-Election Shares held by such holder equal to the product obtained by multiplying (x) the number of Non-Election Shares held by such holder by (y) a fraction, the numerator of which is the Shortfall Number and the denominator of which is the total number of Non-Election Shares, with the remaining number of such holder’s Non-Election Shares being converted into the right to receive the Cash Consideration; or (B) If the Shortfall Number exceeds the number of Non-Election Shares, then all Non-Election Shares shall be converted into the right to receive the Stock Consideration and, subject to Section 2.5(f) hereof, each holder of Cash Election Shares shall receive the Stock Consideration in respect of that number of Cash Election Shares equal to the product obtained by multiplying (x) the number of Cash Election Shares held by such holder by (y) a fraction, the numerator of which is the amount by which (1) the Shortfall Number exceeds (2) the total number of Non-Election Shares, and the denominator of which is the total number of Cash Election Shares, with the remaining number of such holder’s Cash Election Shares being converted into the right to receive the Cash Consideration.

  • Vacation Period ‌ The choice of vacation periods shall be granted to employees on the basis of seniority with the Employer except where the period requested would be detrimental to the operation of the Employer.

  • Vacation Year The vacation year shall be April 1 to March 31, inclusive.

  • Vacation During the Employment Period, the Executive shall be entitled to paid vacation in accordance with the most favorable plans, policies, programs and practices of the Company and its affiliated companies as in effect for the Executive at any time during the 120-day period immediately preceding the Effective Date or, if more favorable to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies.

  • Vacation Allowance Employees in permanent positions are entitled to vacation with pay. Accrual is based upon straight time hours of working time per calendar month of service and begins on the date of appointment to a permanent position. Increased accruals begin on the first of the month following the month in which the employee qualifies. Accrual for portions of a month shall be in minimum amounts of one (1) hour calculated on the same basis as for partial month compensation pursuant to Section 5.6 of this MOU. Vacation credits may be taken in one (1) minute increments but may not be taken during the first six (6) months of employment (not necessarily synonymous with probationary status) except where sick leave has been exhausted; and none shall be allowed in excess of actual accrual at the time vacation is taken.

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

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