Vacation Rate of Pay Sample Clauses

Vacation Rate of Pay. Each employee shall be compensated while on vacation at the rate of pay in effect for them at the time vacation credits are used.
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Vacation Rate of Pay a. Employees will be paid for each week of vacation the greater of: (1) forty (40) multiplied by the Base Rate of Pay of the Employee’s permanent job as of January 1 of the vacation year, or (2) two percent (2%) of their W-2 earnings excluding profit sharing payments during the preceding year (such amount Vacation Rate of Pay). b. The Daily Vacation Rate of Pay of each Employee shall be the Vacation Rate of Pay divided by five (5). c. The Hourly Vacation Rate of Pay of each Employee shall be the Vacation Rate of Pay divided by forty (40). d. Any Employee who did not work in the prior year shall have his/her Vacation Rate of Pay computed on the basis of his/her last calculated Rate.
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Vacation Rate of Pay. Vacation pay will be computed at the appropriate rate earned by the member at the time the vacation is actually taken.
Sample 1Sample 2
Vacation Rate of Pay a. Employees will be paid for each week of vacation the greater of: forty (40) multiplied by the Regular Rate of Pay of the Employee’s incumbent job as of January 1 of the vacation year, or the Employee’s average hours worked per week in the preceding year, not to exceed forty eight (48) hours, multiplied by the Base Rate of Pay of the Employee’s incumbent job as of January 1 of the vacation year (such amount Vacation Rate of Pay). In calculating the Employee’s average hours worked, the Company shall include: (1) hours worked, (2) hours paid for unworked holiday or vacation hours falling in such week, (3) hours paid for bereavement leave, (4) hours paid for jury or witness duty, and (5) hours excused from scheduled work and not paid for because of Union business. b. Effective for the vacation year 2006, Employees will be paid for each week of vacation the greater of: (1) forty (40) multiplied by the Base Rate of Pay of the Employee’s permanent job as of January 1, of the vacation year, or (2) two percent (2%) of their W-2 earnings in the preceding year excluding profit sharing payments (such amount Vacation Rate of Pay). c. The Daily Vacation Rate of Pay of each Employee shall be the Vacation Rate of Pay divided by five (5). d. The Hourly Vacation Rate of Pay of each Employee shall be the Vacation Rate of Pay divided by forty (40). e. Any Employee who did not work in the prior year shall have his/her Vacation Rate of Pay computed on the basis of his/her last calculated Rate.
Sample 1
Vacation Rate of Pay. The rate of pay for vacation pay purposes shall be computed as follows: 1. For an hourly paid employee - the employee's regular job classification straight-time rate in effect at that time. 2. All vacation rates of pay shall include any applicable shift differential for employees regularly assigned to swing or graveyard shift. 3. Qualified employees terminating prior to May 31 of the vacation base year will receive the straight-time rate of their regular job classification in effect on the date of termination.
Sample 1
Vacation Rate of Pay. The rate at which vacation is paid shall be the employee's current rate of pay. An employee whose vacation is earned and begun under a given status shall suffer no loss of earned vacation salary by reason of subsequent changes in conditions of employment.
Sample 1
Vacation Rate of Pay. FULL-TIME NON FULL-TIME
Sample 1
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Vacation Rate of Pay. The hourly rate to be used to determine vacation pay shall be the average straight-time hourly earnings, including incentive earnings (if applicable), but excluding all other premiums, for the last four pay periods worked immediately preceding the week prior to the week in which the employee's vacation commences.
Sample 1

Related to Vacation Rate of Pay

  • Rate of Pay a. An Employee who is employed as a teacher teaching on call shall be paid 1/189 of his/her category classification and experience, to a maximum of the rate at Category 5 Step 7, for each full day worked. b. Effective July 1, 2016, an Employee who is employed as a teacher teaching on call shall be paid 1/189 of his/her category classification and experience, to a maximum of the rate at Category 5 Step 8, for each full day worked.

  • Regular Rate of Pay The regular rate of pay shall be defined to include the employee's hourly wage rate (including the wage premium in lieu of benefits, if applicable), plus shift differential if the evening or night shift is a permanent assignment, certification pay, and lead pay when the employee has a regular (designated) lead assignment.

  • Rate of Payment Community service leave for voluntary community service is granted with pay for the first three days leave in a twelve month period to all employees except casual employees.

  • Rate of Compensation In lieu of direct compensation for all overtime, shift work and standby (as defined in Articles 16, 17 and 18 of this Agreement), regular full-time employees shall receive a special compensation of 7% of their basic salary earned for each calendar year. This special compensation shall not be considered part of the employee's basic salary for the purpose of calculating any benefits or other premium entitlements.

  • Rate of Pay on Promotion 44.3.1 When an employee is appointed by the Council to a higher classification level in the same group, he shall be paid at the nearest rate in the new classification level which gives the employee a salary increase not less than the minimum increment of the higher classification level to which he is being appointed by the Council. If there is no such rate the employee shall be paid the maximum rate in his new scale. 44.3.2 Where an employee who is being paid Acting Pay is promoted to the position for which the employee is receiving Acting Pay, he shall be paid in that position at the rate at which the employee was being paid Acting Pay and the employee's first pay increment in that position shall become due on the date on which it would have become due as if the employee had been promoted to that position on the date on which he was most recently authorized to receive Acting Pay in that position.

  • Date of Payment Should the principal of or interest on the Notes become due and payable on other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and in the case of principal, interest shall be payable thereon at the rate per annum specified in the Notes during such extension.

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

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

  • Definition of Regular Straight Time Rate of Pay The regular straight time rate of pay is that prescribed in wage schedule of the Collective Agreement.

  • Vacation Accrual Rates Laid off employees who are re-employed shall have the vacation accrual rate they held immediately prior to layoff restored.

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