Common use of Bonus Vacation Clause in Contracts

Bonus Vacation. Each Full-Time Employee shall be entitled to a 1-shot 3 week bonus vacation following completion of each 5 years of continuous service. Full-time Employees may bank unused bonus vacation for a maximum of 5 years, or until their next bonus vacation credit is received. Unused bonus vacation will be paid out on the last pay period prior to the Employee receiving their next bonus vacation credit. At December 31st, 2012, Employees with bonus vacation hours accrued in excess of three weeks will be grandfathered at those levels.

Appears in 4 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

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