Common use of Years Service Clause in Contracts

Years Service. Vacation pay will be the greater of four percent (4%) of the employee’s gross earnings for the previous year or one (1) day’s basic pay earned for each month of employment in the previous calendar year to a maximum of ten (10) days. Completed Anniversary Years of Service Vacation with Pay Nine (9) to Fifteen (15) Years Service Vacation pay will be the greater of six percent (6%) of the employee’s gross earnings for the previous year or one and one-half (1½) days’ basic pay earned for each month of employment in the previous calendar year to a maximum of fifteen (15) days. Sixteen (16) to Twenty-Four (24) Years Service Vacation pay will be the greater of eight percent (8%) of the employee’s gross earnings for the previous year or two (2) days’ basic pay earned for each month of employment in the previous calendar year to a maximum of twenty (20) days.

Appears in 1 contract

Samples: Collective Agreement

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Years Service. Vacation pay will be the greater of four percent (4%) of the employee’s gross earnings for the previous year or one (1) day’s basic pay earned for each month of employment in the previous calendar year to a maximum of ten (10) days. Completed Anniversary Years of Service Vacation with Pay of ten (10) days. Nine (9) to Fifteen (15) Years Service Vacation pay will be the greater of six percent (6%) of the employee’s gross earnings for the previous year or one and one-half (1½) days’ basic pay earned for each month of employment in the previous calendar year to a maximum of fifteen (15) days. Sixteen (16) to Twenty-Twenty- Four (24) Years Service Vacation pay will be the greater of eight percent (8%) of the employee’s gross earnings for the previous year or two (2) days’ basic pay earned for each month of employment in the previous calendar year to a maximum of twenty (20) days.

Appears in 1 contract

Samples: Collective Agreement

Years Service. Vacation pay will be the greater of four percent (4%) of the employee’s gross earnings for the previous year or one (1) day’s basic pay earned for each month of employment in the previous calendar year to a maximum of ten (10) days. Completed Anniversary Years of Service Vacation with Pay Nine (9) to Fifteen (15) Years Service Vacation pay will be the greater of six percent (6%) of the employee’s gross earnings for the previous year or one and one-half (1½) days’ days basic pay earned for each month of employment in the previous calendar year to a maximum of fifteen (15) days. Sixteen Eighteen (1618) to Twenty-Four (24) Years Service Vacation pay will be the greater of eight percent (8%) of the employee’s gross earnings for the previous year or two (2) days’ days basic pay earned for each month of employment in the previous calendar year to a maximum of twenty (20) days. Completed Anniversary Years of Service Vacation with Pay Twenty-Five (25) Years Service or more Vacation pay will be the greater of ten percent (10%) of the employee’s gross earnings for the previous year or two and one-half (2½) days basic pay earned for each month of employment in the previous calendar year to a maximum of twenty-five (25) days. For employees with three or more year’s service, the vacation entitlement (the percentage and the number of day’s basic pay) will be adjusted to reflect any additional vacation days purchased with flex credits.

Appears in 1 contract

Samples: Collective Agreement

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Years Service. Vacation pay will be the greater of four percent (4%) of the employee’s gross earnings for the previous year or one (1) day’s basic pay earned for each month of employment in the previous calendar year to a maximum of ten (10) days. Completed Anniversary Years of Service Vacation with Pay Nine (9) to Fifteen (15) Years Service Vacation pay will be the greater of six percent (6%) of the employee’s gross earnings for the previous year or one and one-half (1½) days’ basic pay earned for each month of employment in the previous calendar year to a maximum of fifteen (15) days. Completed Anniversary Years of Service Vacation with Pay Sixteen (16) to Twenty-Twenty- Four (24) Years Service Vacation pay will be the greater of eight percent (8%) of the employee’s gross earnings for the previous year or two (2) days’ basic pay earned for each month of employment in the previous calendar year to a maximum of twenty (20) days.

Appears in 1 contract

Samples: Collective Agreement

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