VACATION PURCHASE PROGRAM (hereinafter VPP. 14.10.01 The Company will offer all employees the opportunity to purchase one (1) additional week of vacation per year. Should an employee choose not to participate in the VPP, residual weeks will not be made available to other employees unless otherwise offered by the Company. 14.10.02 Temporary employees and inactive employees who do not have a scheduled return to work date by October 1st for the applicable VPP year will be excluded from participating in the VPP program. 14.10.03 For the purpose of the VPP, one (1) week equates to forty (40) hours for full-time employees and twenty (20) hours for part-time employees. 14.10.04 The Company will maintain the ability to determine the times of the year in which the additional vacation will be made available and the ability to plan the number of VPP slots by week which could include different levels of VPP by week throughout the periods identified. 14.10.05 The Company, at its sole discretion, may offer more vacation weeks than outlined in Article 14.10.01. The offering of this additional vacation in one or more locations or status shall not oblige the Company to offer more vacation in any other location or status. 14.10.06 For each week of additional vacation awarded to an employee, the employee will be charged 2 percent (2%) of their basic salary for one entire year. This will be paid via payroll deduction throughout the vacation year.
Appears in 5 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement