Years of Service Vacation Period Vacation Pay. Less than 1 year 1 for each full month worked 4% to a maximum of 10 days 1 year but less than 2 years 2 weeks 4% 3 years but less than 7 years 3 weeks 6% 9 years but less than 15 years 4 weeks 8% 15 years but less than 21 years 5 weeks 10% 21 years and over 6 weeks 12% Vacation pay shall be based on gross earnings from the employee's last anniversary date.
Years of Service Vacation Period Vacation Pay. 0-1 year *See Below 4% of earnings 1-7 years Fifteen (15) Days 6% of previous year’s earnings 8-14 years Twenty (20) Days 8% of previous year’s earnings Over 15 years Twenty-five (25) Days 10% of previous year’s earnings After ten (10) years, the employee shall accrue one additional day per year of service with corresponding pay increasing by.4% per year. For example, an employee with eleven (11) years of service would e entitled to twenty-one (21) paid days of vacation (which is equal to 8.4%); at twelve (12) years, the employee would be entitled to twenty-two (22) paid days, (equal to 8.8%). *Employees will begin to accrue vacation entitlement from the first day of employment. The amount of leave, which may be taken, builds up monthly in advance at the rate of one-twelfth (1/12) of the annual entitlement each month. During the first and last year with the Company, the vacation entitlement will be pro-rated accordingly. Where this calculation does not result in an exact number of days, the amount of leave, which may be taken, is rounded up to the next half- day.
Years of Service Vacation Period Vacation Pay. 0-1 year *See Below 4% of earnings 1-7 years Fifteen (15) Days 6% of previous year’s earnings 8-14 years Twenty (20) Days 8% of previous year’s earnings Over 15 years Twenty-five (25) Days 10% of previous year’s earnings *Employees will begin to accrue vacation entitlement from the first day of employment. The amount of leave, which may be taken, builds up monthly in advance at the rate of one-twelfth (1/12) of the annual entitlement each month. During the first and last year with the Company, the vacation entitlement will be pro-rated accordingly. Where this calculation does not result in an exact number of days, the amount of leave, which may be taken, is rounded up to the next half-day.
