Vacation Pay definition

Vacation Pay means an amount of money that is payable to an employee pursuant to section 2-27;
Vacation Pay means a lump sum payment for accrued leave in a Vacation
Vacation Pay. Pay for vacation days for all bargaining unit employees shall be the same as that which the employee would have received had they been on a working status.

Examples of Vacation Pay in a sentence

  • All other Artists shall receive an additional week of Vacation Pay at ten (10) years of service and above, with Assistant Stage Managers to receive payment and dancers to receive a paid week off.

  • Each Artist with the Employer at the beginning of the City Center season will receive Vacation Pay in an amount equal to one week’s minimum compensation, such payment to be made during the first full week of work at City Center.

  • Top-Up Calculation The Top-up shall be calculated as follows: For Full-time Staff – Regular Gross Pay (plus Vacation Pay when paid with each cheque) less 20% and Part-time staff less 15% (estimated for C.P.P., E.I., and Income Tax) = Net Pay * 10% of Net Income as defined by W.C.B. which is the portion not paid by W.C.


More Definitions of Vacation Pay

Vacation Pay is the compensation an employee receives while taking their vacation entitlement. Based on a percentage of the employee's straight-time pay in the vacation accrual year.
Vacation Pay means remuneration paid by an employer to an employee for time away from work provided by an employer to an employee to use for any reason the employee chooses but does not include leave for sick pay, compensatory time, holiday, or other special leave.
Vacation Pay means the Daily Wage payable during the Vacation Leave; and
Vacation Pay means a lump sum payment equal to the Employee's unused vacation days and holidays remaining in the calendar year of termination times a fraction, the numerator of which shall be Employee's Compensation and the denominator of which shall be 260, payable within thirty (30) days after termination of employment.
Vacation Pay shall be computed as follows:
Vacation Pay in this Article shall mean 4% of the earnings received from the Company for all work done by the employee in the preceding calendar year if he is entitled to two weeks' vacation with pay, to 6% of such earnings if he is entitled to three weeks' vacation with pay, to 8% of such earnings if he is entitled to four weeks' vacation with pay, to 10% of such earnings if he is entitled to five weeks' vacation with pay, and to 12% of such earnings if he is entitled to six weeks' vacation with pay, and to 14% of such earnings if he is entitled to seven weeks' vacation with pay.
Vacation Pay is the percentage of total wages earned during the year in respect of which the employee becomes entitled to an annual vacation. Regular employees will continue to accrue vacation pay for work missed while in receipt of Workers' Compensation Board time-loss benefits up to a maximum period of twenty- six (26) weeks, provided the employee returns to full-time employment.