Common use of Bonus Vacation Allowance Clause in Contracts

Bonus Vacation Allowance. ‌ A bonus vacation allowance shall be accrued at the rate of one (1) additional day of annual vacation allowance for each full twenty-five (25) days of earned sick leave credited to an employee’s Service Date of Employment up to a maximum of five (5) bonus vacation days. Any bonus vacation allowance shall be credited on the employee’s Service Date of Employment and shall be accrued during the subsequent service year on a monthly basis in accordance with the following schedule: Years of Service Monthly Accrual Annual Accrual (full 12 months) 25 earned days 0.083 1 day 50 earned days 0.166 2 days 75 earned days 0.250 3 days 100 earned days 0.333 4 days 125 earned days 0.416 5 days Bonus days shall be credited as heretofore and the monthly factor thereby derived will remain in effect until the employee’s Service Date of Employment when a changed monthly factor, if applicable, will be implemented for the employee’s next service year.

Appears in 4 contracts

Samples: Agreement, Agreement, Agreement

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Bonus Vacation Allowance. A bonus vacation allowance shall be accrued at the rate of one (1) additional day of annual vacation allowance for each full twenty-five (25) days of earned sick leave credited to an employee’s Service Date of Employment up to a maximum of five (5) bonus vacation days. Any bonus vacation allowance shall be credited on the employee’s Service Date of Employment and shall be accrued during the subsequent service year on a monthly basis in accordance with the following schedule: Years of Service Monthly Accrual Annual Accrual (full 12 months) 25 earned days 0.083 1 day 50 earned days 0.166 2 days 75 earned days 0.250 3 days 100 earned days 0.333 4 days 125 earned days 0.416 5 days Bonus days shall be credited as heretofore and the monthly factor thereby derived will remain in effect until the employee’s Service Date of Employment when a changed monthly factor, if applicable, will be implemented for the employee’s next service year.

Appears in 4 contracts

Samples: Agreement, Agreement, Agreement

Bonus Vacation Allowance. A bonus vacation allowance shall be accrued at the rate of one (1) additional day of annual vacation allowance for each full twenty-five (25) days of earned sick leave credited to an employee’s Service Date of Employment up to a maximum of five (5) bonus vacation days. Any bonus vacation allowance shall be credited on the employee’s Service Date of Employment and shall be accrued during the subsequent service year on a monthly basis in accordance with the following schedule: Annual Accrual Years of Service Monthly Accrual Annual Accrual (full 12 months) 25 earned days 0.083 1 day 50 earned days 0.166 2 days 75 earned days 0.250 3 days 100 earned days 0.333 4 days 125 earned days 0.416 5 days Bonus days shall be credited as heretofore and the monthly factor thereby derived will remain in effect until the employee’s Service Date of Employment when a changed monthly factor, if applicable, will be implemented for the employee’s next service year.

Appears in 3 contracts

Samples: Agreement, Agreement, Agreement

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Bonus Vacation Allowance. A bonus vacation allowance shall be accrued at the rate of one (1) additional day of annual vacation allowance for each full twenty-five (25) days of earned sick leave credited to an employee’s employee‟s Service Date of Employment up to a maximum of five (5) bonus vacation days. Any bonus vacation allowance shall be credited on the employee’s employee‟s Service Date of Employment and shall be accrued during the subsequent service year on a monthly basis in accordance with the following schedule: Years of Service Monthly Accrual Annual Accrual (full 12 months) 25 earned days 0.083 1 day 50 earned days 0.166 2 days 75 earned days 0.250 3 days 100 earned days 0.333 4 days 125 earned days 0.416 5 days Bonus days shall be credited as heretofore and the monthly factor thereby derived will remain in effect until the employee’s employee‟s Service Date of Employment when a changed monthly factor, if applicable, will be implemented for the employee’s employee‟s next service year.

Appears in 1 contract

Samples: Agreement

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