Coeficients. The employee’s annual holiday pay and holiday compensation shall be reckoned by multiplying the employee’s average hourly earnings for the leave-earning year by a coefficient based on the number of days of holiday. The following coefficients are used: Number of days of holiday Coefficient 4 31.0 5 37.8 6 44.5 7 51.1 8 57.6 9 64.8 10 72.0 11 79.2 12 86.4 14 94.0 14 101.6 15 108.8 16 116.0 17 123.6 18 131.2 19 138.8 20 146.4 21 154.4 22 162.4 23 170.0 24 177.6 25 185.2 26 192.8 27 200.0 28 207.2 29 214.8 30 222.4 If there are more than 30 days of holiday, then the factor shall be increased by 7.2 per day of holiday.
Appears in 3 contracts
Samples: Collective Agreement Employees, Collective Agreement Employees, Collective Agreement
Coeficients. The employee’s annual holiday pay and holiday compensation shall be reckoned by multiplying the employee’s average hourly earnings for the leave-earning year by a coefficient based on the number of days of holiday. The following coefficients are used: Number of days of holiday Coefficient 4 31.0 5 37.8 6 44.5 7 51.1 8 57.6 9 64.8 10 72.0 11 79.2 12 86.4 14 94.0 14 101.6 15 108.8 16 116.0 17 123.6 18 131.2 19 138.8 20 146.4 21 154.4 22 162.4 23 170.0 24 177.6 25 185.2 26 192.8 27 200.0 28 207.2 29 214.8 30 222.4 If there are more than 30 days of holiday, then the factor shall be increased by 7.2 per day of holiday.holiday.
Appears in 1 contract
Samples: Collective Agreement
