VACATION TIME AND VACATION PAY. Vacation Pay Employee’s vacation periods will operate on a current year basis for pay outs and qualifying time. In order to qualify for vacation pay an employee will have worked 1010 hours between January 1st and December 31st of any year of the contract. Vacation hours and union hours will be counted as hours worked. Vacation pay will be issued upon the employee’s written request, one (1) week notice required. Employees requesting vacation pay without qualifying with 1010 hours, will be advanced their vacation pay by the Company. If it is found that an employee has been paid vacation pay, but does not have the required hours in to qualify for that pay, the Company will make arrangements with the employee for repayment to the Company of that portion of vacation pay to which the employee was not entitled to receive. These amounts may be repaid by direct payment or by payroll deduction, as agreed to by the Company and employee at the time the arrangements are made. Vacation pay not taken in any calendar year, as well as any “greater than” amounts, will be paid out at the close of the calendar year. Each employee will be eligible for vacation pay based upon a percentage of that employee’s gross earnings, from the pay period closest to January 1st, of the current year, to the pay period ending on the date closest to December 31st of the current year as follows:
Appears in 2 contracts
Samples: Letter of Agreement, Letter of Agreement
VACATION TIME AND VACATION PAY. Vacation Pay Employee’s 's vacation periods will operate on a current year basis for pay outs payouts and qualifying time. In order to qualify for vacation pay an employee will have worked 1010 hours between January 1st and December 31st of any year of the contract. Vacation hours and union hours will be counted as hours worked. Vacation pay will be issued upon the employee’s 's written request, one (1) week notice required. Employees requesting vacation pay without qualifying with 1010 hours, will be advanced their vacation pay by the Company. If it is found that an employee has been paid vacation pay, but does not have the required hours in to qualify for that pay, the Company will make arrangements with the employee for repayment to the Company of that portion of vacation pay to which the employee was not entitled to receive. These amounts may be repaid by direct payment or by payroll deduction, as agreed to by the Company and employee at the time the arrangements are made. Vacation pay not taken in any calendar year, as well as any “"greater than” " amounts, will be paid out at the close of the calendar year. Each employee will be eligible for vacation pay based upon a percentage of that employee’s 's gross earnings, from the pay period closest to January 1st, of the current year, to the pay period ending on the date closest to December 31st of the current year as follows:
Appears in 1 contract
Samples: Agreement
VACATION TIME AND VACATION PAY. Vacation Pay Employee’s vacation periods will operate on a current year basis for pay outs and qualifying time. In order to qualify for vacation pay an employee will have worked 1010 hours between January 1st and December 31st of any year of the contract. Vacation hours and union hours will be counted as hours worked. Vacation pay will be issued upon the employee’s written request, one (1) week notice required. Employees requesting vacation pay without qualifying with 1010 hours, will be advanced their vacation pay by the Company. If it is found that an employee has been paid vacation pay, but does not have the required hours in to qualify for that pay, the Company will make arrangements with the employee for repayment to the Company of that portion of vacation pay to which the employee was not entitled to receive. These amounts may be repaid by direct payment or by payroll deduction, as agreed to by the Company and employee at the time the arrangements are made. Vacation pay not taken in any calendar year, as well as any “greater than” amounts, will be paid out at the close of the calendar year. Each employee will be eligible for vacation pay based upon a percentage of that employee’s gross earnings, from the pay period closest to January 1st, of the current year, to the pay period ending on the date closest to December 31st of the current year as follows:: To qualify for the “whichever is greater” clauses that follow, an employee will have worked for a minimum of one thousand and ten (1,010) hours, with vacation and union hours also counted. Less than one (1) year’s seniority, 4% of earnings.
Appears in 1 contract
Samples: Letter of Agreement