Common use of Banked Vacation Clause in Contracts

Banked Vacation. (a) 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. (b) An employee wishing to bank their vacation under this clause must submit their written request by December 15th of the year preceding the year in which the "banking" will occur. (c) It is understood that no more than one employee from each program will be allowed to access this clause each year. (d) Scheduling of the vacation will be in accordance with Clause 17.4 Vacation Scheduling.

Banked Vacation. ‌ (a) 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. (b) An employee wishing to bank their vacation under this clause must submit their written request by December 15th of the year preceding the year in which the "banking" will occur. (c) It is understood that no more than one employee from each program will be allowed to access this clause each year. (d) Scheduling of the vacation will be in accordance with Clause 17.4 Vacation Scheduling.

Banked Vacation. ‌ (a) 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. (b) An employee wishing to bank their his/her vacation under this clause must submit their his/her written request by December 15th of the year preceding the year in which the "banking" will occur. (c) It is understood that no more than one employee from each program will be allowed to access this clause each year. (d) Scheduling of the vacation will shall be in accordance with Clause 17.4 Vacation Scheduling.