First Vacation Year definition

First Vacation Year. The first vacation year is the vacation year in which the employee's first anniversary falls.
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First Vacation Year. The first vacation year is the calendar year in which the employee's first anniversary falls. Paid annual vacations for all persons covered by this agreement shall be allowed as follows: A vacation year shall be the calendar year commencing January 1st and ending December 31st. One to five years 15 working days Six to 10 years 20 working days 11 to 15 years 25 working days 16 to 25 years 30 working days 26th year 31 working days 27th year 32 working days 28th year 33 working days 29th year 34 working days 30th year 35 working days
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First Vacation Year the first vacation year is the calendar year in which the employee's first anniversary falls. A regular full-time employee who has received at least ten (10) days pay at straight-time rates for each calendar month will have an annual vacation entitlement as follows: Vacation Years First to Fifth *Workdays 15 Sixth 16 Seventh 17 Eighth 21 Ninth 22 Tenth 23 Eleventh 24 Twelfth 25 Thirteenth to nineteenth 25 Twentieth and thereafter 30 *based on the minimum daily hours of work as described in Article 14.1 Employees engaged on a part-time basis shall be entitled to annual vacation on a pro rate basis as above.
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Examples of First Vacation Year in a sentence

  • First Vacation Year - The first vacation year is the calendar year in which the employee's first anniversary falls.

  • First Vacation Year - the first vacation year is the calendar year in which the employee's first anniversary falls.

  • Reached age fifty-five (55) or older and accrued enough years of service so that the combination of your age and years of service add up to eighty-five (85) or more (Rule of 85 provision).


More Definitions of First Vacation Year

First Vacation Year. – means the calendar year in which the employee’s first anniversary falls.
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Related to First Vacation Year

  • Vacation Year means the twelve (12) month period commencing on the first (1st) day of April in each calendar year and concluding on the thirty-first (31st) day of March of the following calendar year.

  • Compensation Year means a period of 12 months expiring 31 March in any year;

  • transition year means the financial year of an issuer or business in which the issuer or business changes its financial year-end;

  • Termination Year means the calendar year in which the Employment Period is terminated.

  • Election Year means a year in which ordinary elections for local governments are required to be held;

  • Limitation Year means the Plan Year.

  • Production Year means the 12- month period between September 1 of one year and August 31 of the following year, inclusive.

  • Compensation Period has the meaning specified in Section 2.12(c)(ii).

  • taxation year means the calendar year to which an assessment roll applies for the purposes of taxation;

  • Allocation Year Means (i) the period commencing on the Closing Date and ending on December 31, 2006, (ii) any subsequent period commencing on January 1 and ending on the following December 31, or (iii) any portion of the period described in clause (ii) for which the Company is required to allocate Profits, Losses and other items of Company income, gain, loss or deduction pursuant to Article V.

  • Determination Year means the Plan Year for which testing is being performed, and the “look-back year” means the immediately preceding twelve (12) month period.

  • 414(s) Compensation means any definition of compensation that satisfies the nondiscrimination requirements of Code Section 414(s) and the Regulations thereunder. The period for determining 414(s) Compensation must be either the Plan Year or the calendar year ending with or within the Plan Year. An Employer may further limit the period taken into account to that part of the Plan Year or calendar year in which an Employee was a Participant in the component of the Plan being tested. The period used to determine 414(s) Compensation must be applied uniformly to all Participants for the Plan Year.

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Earnable compensation means the full rate of the

  • Plan Year means the calendar year.

  • Excess Compensation means Compensation in excess of the following Integration Level: (Choose (1) or (2))

  • Employment Year means each twelve-month period, or part thereof, during which Employee is employed hereunder, commencing on the Commencement Date and on the same day of the subsequent calendar year and each consecutive 12 month period thereafter.

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • Leave Year means the period during which the Agency Worker accrues and may take statutory leave commencing on the date that the Agency Worker starts an Assignment or a series of Assignments;

  • Vacation means annual vacation with pay.

  • Annual Compensation means an amount equal to the greater of:

  • Basic Compensation means Salary and Benefits.

  • Benefit year means the period of twelve consecutive months, July 1 through June 30, as established by an employer in which an employee shall accrue and use earned sick leave as provided pursuant to N.J.S.A. 34:11D-2, provided that once the starting date of the benefit year is established by the employer it shall not be changed unless the employer notifies the Commissioner of Labor and Workforce Development of the change in accordance with regulations promulgated pursuant to the Act. The Commissioner shall impose a benefit year on any employer the Commissioner determines is changing the benefit year at times or in ways that prevent the accrual or use of earned sick leave by an employee.

  • Gross compensation means every form of remuneration payable for a given period to an individual for services provided including salaries, commissions, vacation pay, severance pay, bonuses, and any board, rent, housing, lodging, payments in kind, and any similar benefit received from the individual's employer.

  • Current Annual Compensation means the greater of:

  • Bonus Compensation shall have the meaning set forth in Section 3(b).