Winter Bonus Days Sample Clauses

Winter Bonus Days. An employee shall receive one (1) winter bonus day for every five (5) consecutive non- overlapping days of annual leave, which he/she liquidates between October 1st and March 31st of any fiscal year up to a limit of four (4) winter bonus days in any one (1) fiscal year. Winter bonus days must be liquidated immediately following the annual leave days during which they were earned and cannot be carried over into the next fiscal year. Winter bonus days shall be calculated in accordance with Article 17.05.
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Winter Bonus Days. (1) An employee who has requested and is granted annual leave between October 1 and March 31 of any year shall, in addition to her vacation leave entitlement, receive one (1) day of extra leave for each five (5) consecutive days of annual leave that he liquidates within the above days up to a maximum of four (4) days. (2) In cases where a designated paid holiday falls within the period of vacation leave, it shall be considered as a day of liquidated leave for determining the entitlement of winter bonus days.
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Winter Bonus Days. ‌‌ 49.01 An employee shall be entitled to a Winter Bonus day of one (1) day for each five (5) days vacation leave taken between October 1st and March 31st of each year, with the exception of those covered by clause 53.02 below. The maximum number of winter bonus days which can be taken in each year is four (4).
Sample 1
Winter Bonus Days. The existing MOU language has been moved into the body of the Collective Agreement. It provides for how the Winter Bonus Days can be taken and changes the leave to hourly from daily.
Sample 1
Winter Bonus Days. (a) An employee who has requested and is granted vacation leave between October 1 and March 31 of any year shall, in addition to the employee’s vacation leave entitlement receive one (1) day 7.5/8.0 hours of extra leave when the employee liquidates five (5) 37.5/40 consecutive days hours of vacation leave within the above days; and one (1) more day 7.5/8.0 more hours when the employee liquidates at least an additional five (5) 37.5/40 more consecutive days hours of vacation leave; and one (1) more day 7.5/8.0 more hours when the employee liquidates at least an additional five (5) 37.5/40 more consecutive days hours of vacation leave; and one (1) more day 7.5/8.0 more hours when the employee liquidates at least an additional five (5) 37.5/40 more consecutive days hours of vacation leave. No employee may receive more than four (4) extra days 30/32 extra hours in any one fiscal year. Extra leave days hours must be taken at the same time as vacation leave. There will be no carry-over of these extra leave dayshours. (i) Employees can take winter bonus days either immediately before or immediately after liquidating the required combination of five (5) 37.5/40 consecutive vacation leave days hours or vacation plus designated statutory holidays or statutory holiday banked hours. (ii) Mandatory leave days are not counted when calculating the winter bonus entitlement, but do not interrupt consecutive vacation leave hours or vacation plus designated statutory holidays or statutory holiday banked hours required for the entitlement to winter bonus. (iii) Winter bonus days can be taken in the first week of April, if they are preceded by the qualifying vacation leave days or vacation plus designated statutory holidays or statutory holiday banked hours liquidated in March. (iv) Winter bonus days can be taken in the last week of September, if they are followed by the qualifying vacation leave or vacation plus designated statutory holidays or statutory banked holidays liquidated in October.
Sample 1

Related to Winter Bonus Days

  • Bonus Amount For purposes of this Agreement, "Bonus Amount" shall mean the greater of (a) the target annual bonus payable to the Executive under the Incentive Plan in respect of the fiscal year during which the Termination Date occurs or (b) the highest annual bonus paid or payable under the Incentive Plan in respect of any of the three full fiscal years ended prior to the Termination Date or, if greater, the three (3) full fiscal years ended prior to the Change in Control.

  • Annual Bonus In addition to Annual Base Salary, Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the “Annual Bonus”) in cash at least equal to Executive’s highest annual bonus for the last three full fiscal years prior to the Effective Date (annualized in the event that Executive was not employed by the Company for the whole of such fiscal year). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless Executive shall elect to defer the receipt of such Annual Bonus.

  • Cash Bonus Executive shall be entitled to a fraction of any Cash Bonus for the fiscal year of the Company within which Executive’s termination of employment occurs which, based upon the criteria established for such Cash Bonus, would have been payable to Executive had he remained employed through the date of payment, the numerator of which is the number of days of such fiscal year prior to his termination of employment and the denominator of which is three hundred and sixty-five (365); and

  • Vacation Bonus Employees shall receive one day's base pay (or adjusted earnings) for each year of service beyond twenty-five (25) years, to a maximum of ten (10) days’ pay.

  • Bonus Payment Executive will receive a lump-sum payment equal to one hundred fifty percent (150%) of the higher of (A) the greater of (x) Executive’s target bonus for the fiscal year in which the Change of Control occurs (as in effect immediately prior to the Change of Control) or (y) Executive’s target bonus as in effect for the fiscal year in which Executive’s termination of employment occurs, or (B) Executive’s actual bonus for performance during the calendar year prior to the calendar year during which the termination of employment occurs. For avoidance of doubt, the amount paid to Executive pursuant to this Section 3(b)(iii) will not be prorated based on the actual amount of time Executive is employed by the Company during the fiscal year (or the relevant performance period if something different than a fiscal year) during which the termination occurs.

  • Annual Bonus Opportunity Your annual target bonus opportunity following the Effective Date will be 50% of your annual base salary (the “Target Bonus”). The Target Bonus shall be subject to review and may be adjusted based upon the Company’s normal performance review practices. Your actual bonuses shall be based upon achievement of performance objectives to be determined by the Board in its sole and absolute discretion. Bonuses will be paid as soon as practicable after the Board determines that such bonuses have been earned, but in no event will a bonus be paid to you after the later of (i) the fifteenth (15th) day of the third (3rd) month following the close of the Company’s fiscal year in which such bonus is earned or (ii) March 15 following the calendar year in which such bonus is earned.

  • Annual Cash Bonus During the Term, Executive may be eligible to receive an annual cash bonus, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • Target Bonus Executive will be eligible to receive an annual bonus of up to forty percent (40%) of Executive’s Base Salary, less applicable withholdings, upon achievement of performance objectives to be determined by the Board in its sole discretion (the “Target Bonus”). The Target Bonus, or any portion thereof, will be paid as soon as practicable after the Board determines that the Target Bonus has been earned, but in no event shall the Target Bonus be paid after the later of (i) the fifteenth (15th) day of the third (3rd) month following the close of the Company’s fiscal year in which the Target Bonus is earned or (ii) March 15 following the calendar year in which the Target Bonus is earned.

  • Annual Bonus Compensation Executive shall be eligible to receive a bonus each Contract Year (“Annual Bonus”) as the Compensation Committee of the Board of Directors shall determine. Executive’s Annual Bonus shall be determined in accordance with the Company’s executive compensation policies as in effect from time to time during the Term and shall be based, in part, on his achieving his individual performance goals for the year and, in part, on the Company’s achieving its performance goals for the year.

  • Special Bonus In addition to the Annual Base Salary and Annual Bonus payable as hereinabove provided, if the Executive remains employed with the Company or its affiliated companies through the first anniversary of the Effective Date, the Company shall pay to the Executive a special bonus (the "Special Bonus") in recognition of the Executive's services during the crucial one-year transition period following the Change of Control in cash equal to the sum of (A) the Executive's Annual Base Salary and (B) the Highest Annual Bonus. The Special Bonus shall be paid no later than 30 days following the first anniversary of the Effective Date.

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