Calculation of Vacation Time Sample Clauses

Calculation of Vacation Time. The following guidelines for the accrual and calculation of vacation will be observed.
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Calculation of Vacation Time. For the purpose of calculating vacation time, computations will be based on the employee's most recent beginning date of employment or vacation credit date as established. Vacation Credit – Ten (10) Months Moving to Twelve (12) Months Ten-month employees will be given credit toward vacation time as outlined in the Agreement when moving to a twelve-month position. It will be computed on total number of hours worked in a ten- month position as related to a twelve-month, 2080-hour work year. A vacation credit date will be established in accordance with this provision. Vacation Credit – Nine (9) Months When Moving to Twelve (12) Months Position Nine (9) month employees will be given credit toward vacation time as outlined in the Agreement moving to a twelve-month position, computed at five (5) months of credit for every nine (9) months of employment. A vacation credit date will be established in accordance with this provision. A twelve (12) month employee who has worked for more than one-half the calendar month shall be considered to have worked a full month for vacation credit. It shall be understood that there will be no fraction of the third, fourth or fifth week granted; it will be necessary for the employee to complete the full five (5) years service for fifteen (15) days vacation; and the full eleven (11) years service for twenty (20) days; and the full twenty (20) years service for twenty-five (25) days vacation with pay, except that if the employee attains the five (5), eleven
Sample 1
Calculation of Vacation Time. The rate of vacation pay shall be computed by multiplying the employee's straight time hourly rate of pay in effect for the employee's regular job at the time the vacation is being taken, times eight (8) hours per day, times the number of days vacation to which the employee is entitled. Salaried employees shall receive their regular salary in effect at the time the scheduled vacation is taken.
Sample 1

Related to Calculation of Vacation Time

  • Calculation of Vacation Pay Vacation pay shall be at the rate effective immediately prior to the vacation period. However, should any salary increase become effective during the employee's vacation period, he/she shall receive the benefit of such increase from the effective date.

  • Accumulation of Vacation Vacation leave may be accumulated to any amount provided that once during each fiscal year, each supervisor's accumulation must be reduced to two hundred and seventy-five (275) hours or less. If this is not accomplished on or before the last day of the fiscal year, the amount of vacation shall automatically be reduced to two hundred seventy-five (275) hours at the end of the fiscal year. Supervisors on a Military Leave under Appendix I shall earn vacation leave as though actually employed, without regard to the maximum accumulation set forth above. Vacation earned in excess of the maximum accumulation shall be taken within two (2) years of the date the supervisor returns from the Military Leave.

  • Accumulation of Vacation Leave An employee who has earned at least ten (10) days' pay for each calendar month of a vacation year shall earn vacation leave of:

  • Accumulation of Vacation Leave Credits 31.1.1 An employee shall earn in respect of each fiscal year, annual vacation leave with pay at the following rates for each calendar month in which the employee receives at least seventy-five (75) hours’ pay:

  • Computation of Vacation Pay Where an employee's vacation pay for the current year is to be computed as a percentage of his "total wages earned" in the previous year, such "total wages earned" shall include the amount of vacation pay the employee received in the previous year.

  • Compensation for Holidays Falling Within Vacation Schedule If a paid holiday falls on or is observed during an employee's vacation period, he/she shall be allowed an additional vacation day with pay at a time mutually agreed upon by the Employer and employee.

  • Compensation for Holidays Falling on Scheduled Days Off 1. When a holiday falls on a full-time employee's regularly scheduled day off, the employee shall receive eight (8) hours of compensatory time.

  • Choice of Vacation Period A. It is agreed to establish a nationwide program for vacation planning for employees in the regular work force with emphasis upon the choice vacation period(s) or variations thereof.

  • Compensation for Holidays Worked a. With the exception of the provisions in Section C.2.b., below, an employee required to work on a holiday listed above shall be paid at the employee's regular straight-time rate of pay for the hours actually worked. In addition, an eligible employee shall receive either compensatory time off or holiday pay at the option of the University at the regular straight-time rate, including any shift differential.

  • Reinstatement of Vacation Days - Sick Leave In the event an employee is sick or injured prior to the commencement of his/her vacation, such employee shall be granted sick leave and the vacation period so displaced shall be added to the vacation period if requested by the employee and by mutual agreement, or shall be reinstated for use at a later date.

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