Banked Vacation. Once every five years an employee may bank one full year's vacation to be taken in conjunction with the next year's vacation. For the purposes of this clause, all vacation in the second year must be taken concurrently.
Banked Vacation. Effective January 1, 1993, upon eligibility for 25 working days (five weeks) of annual vacation, employees may defer and accumulate any vacation entitlement beyond 15 days per year. A maximum of 30 weeks' vacation may be banked. Banked vacation may be taken at a later date, subject to the supervisor's approval, or may be taken as a cash payment upon retirement.
Banked Vacation. Employees may bank regular vacation credits in excess of the legal requirement for purposes of retirement, up to a maximum of twelve (12) weeks. These twelve (12) weeks of banked regular vacation must be taken immediately prior to retirement and will be paid at the employee’s current rate of vacation pay at the time when taking the banked vacation time off. An employee must advise the Company by February 1st of each year the amount of vacation time they would like to bank.
Banked Vacation a) Employees shall be permitted to bank five (5) days of vacation.
Banked Vacation. 23.9.1 Effective January 1, 2014, there shall be no banking of vacations.
Banked Vacation. Annual vacation entitlement must normally be scheduled and taken throughout the calendar year. If the entitlement is not fully used in the calendar year, the balance may be paid out at the end of the year or may be deferred for up to one year. Employees shall have the following choices regarding payout of already banked vacation: either full payout, or partial payout with retention of the residual banked vacation or no payout with retention of all banked vacation.
Banked Vacation. Subject to a supervisor‟s approval as to timing, effective January 1, 2004, Employees eligible for vacation in accordance with Articles 38.3 or 38.4 will be allowed to defer one week of vacation entitlement into the subsequent year.
Banked Vacation. Effective January upon eligibility for working days (five weeks) of annual vacation, employees may defer and accumulate any vacation entitlement beyond days per year. A maximum of weeks' vacation may be banked. Banked vacation may be taken at a later date, subject to the supervisor's approval, or may be taken as a cash payment upon retirement.
Banked Vacation. 10.12 Employees may bank unused vacation entitlements in accordance with the following subsections:
Banked Vacation. 10.07 Employees may bank any unused vacation entitlements in excess of ten (10) working days annual vacation for a two (2) year period. Payment for said vacation to be paid at the rate at which the vacations were earned. Requests for banked vacations will be considered on an individual basis and will be allowed at a time mutually agreeable to both the City and the employee. No greater than ten percent (10%) of the employees in any one department, to a minimum of one employee will be allowed to bank vacations in any one year. In case of a dispute between employees, seniority shall be the determining factor.
