Common use of VACATIONS AND VACATION PAY Clause in Contracts

VACATIONS AND VACATION PAY. 10.01 All employees shall be entitled to receive an amount equal to six percent (6%) of their total annual gross earnings in vacation pay and four percent (4%) in lieu of statutory holiday pay. For tax purposes, vacation pay and statutory holiday pay shall be taxed over the period of time during which it was earned. 10.02 Approval of vacation time is at the sole discretion of the Employer. Vacation requests will not be unreasonably denied. a. The vacation pay for all employees will be remitted monthly by the Employer to the Union’s Vacation Pay Trust Fund, together with an itemized list of the employees for whom remittances are made and the amount of vacation pay remitted for each. b. Remittances to the Vacation Pay Trust Fund shall be made promptly by the fifteenth (15th) of each month for the credited amounts in the previous month, in order to satisfy the legal requirements pertaining to the disbursement of vacation pay.

VACATIONS AND VACATION PAY. 10.01 9.01 All employees shall be entitled to receive an amount equal to six four percent (64%) of their total annual gross earnings in vacation pay and four six percent (46%) in lieu of statutory holiday pay. For tax purposes, vacation pay and statutory holiday pay shall be taxed over the period of time during which it was earned. 10.02 9.02 Approval of vacation time is at the sole discretion of the Employer. Vacation requests will not be unreasonably denied. a. The vacation pay for all employees will be remitted monthly by the Employer to the Union’s Vacation Pay Trust Fund, together with an itemized list of the employees for whom remittances are made and the amount of vacation pay remitted for each. b. Remittances to the Vacation Pay Trust Fund shall be made promptly by the fifteenth (15th) of each month for the credited amounts in the previous month, in order to satisfy the legal requirements pertaining to the disbursement of vacation pay.

VACATIONS AND VACATION PAY. 10.01 All employees shall be entitled to receive an amount equal to six percent (6%) the percentages noted in the table below as a percentage of their total annual gross earnings in vacation pay and four percent (4%) in lieu of statutory holiday pay. For tax purposes, vacation pay and statutory holiday pay shall be taxed over the period of time during which it was earned. 10.02 Approval of vacation time is at the sole discretion of the Employer. Vacation requests will not be unreasonably denied. a. The vacation pay for all employees will be remitted monthly by the Employer to the Union’s Vacation Pay Trust Fund, together with an itemized list of the employees for whom remittances are made and the amount of vacation pay remitted for each. b. Remittances to the Vacation Pay Trust Fund shall be made promptly by the fifteenth (15th) of each month for the credited amounts in the previous month, in order to satisfy the legal requirements pertaining to the disbursement of vacation pay.