Common use of COMPANY HOLIDAYS Clause in Contracts

COMPANY HOLIDAYS. 15.01 There shall be twelve (12) Company Holidays each calendar year. The Company will recognize any new holiday declared by the Federal government. Except as provided for in Article 15.02, Company Holidays will be observed as follows: New Year’s Day Canada Day Thanksgiving Day Good Friday Civic Holiday (August) Christmas Day Victoria Day Labour Day Boxing Day When any of the above holidays fall on either Saturday or Sunday, they will be observed on the first working day(s) following that holiday. The remaining three (3) days will be considered as individually floating holidays to be taken by each employee within the year subject to operational requirements. Unused Company Holidays cannot be carried over to the next fiscal year. Payment for Company Holidays taken but not earned will be recoverable on termination of employment except where termination is due to death, disability or layoff. Termination of a term employee is not considered to be a layoff. Pro-rating of the three (3) floating Company Holidays for employees hired during the calendar year will be as follows: - hired before May 1; 3 floating Company Holidays - hired May 1 to August 31; 2 floating Company Holidays - hired September 1 to December 31; 1 floating Company Holiday. Pro-rating of the three (3) floating Company Holidays for employees terminating during the calendar year will be as follows: - terminating prior to May 1; 1 floating Company Holiday - terminating May 1 to August 31; 2 floating Company Holidays - terminating September 1 to December 31; 3 floating Company Holidays.

Appears in 1 contract

Samples: Letter of Agreement

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COMPANY HOLIDAYS. 15.01 16.01 (a) There shall be twelve (12) Company Holidays each calendar year. The Company will recognize any new holiday declared by the Federal government. Except as provided for in Article 15.0216.06, nine Company Holidays will be observed as follows: New Year’s 's Day Labour Day Good Friday Thanksgiving Day Victoria Day Christmas Day Canada Day Thanksgiving Boxing Day Good Friday Civic Holiday (August) Christmas Day Victoria Day Labour Day Boxing Day When any of the above holidays fall on either Saturday or Sunday, Sunday they will be observed on the first working day(s) following that holiday. The remaining three (3) days will be considered condidered as individually floating holidays to be taken by each employee within the year subject to operational requirements. Unused Company Holidays Any unused floating holidays cannot be carried over to the next fiscal year. Payment for Company Holidays taken but not earned will be recoverable on termination of employment except where termination is due to death, disability or layoff. Termination of a short term employee is not considered to be a layoff. Pro-rating of the three (3) floating Company Holidays for employees hired during the calendar year will be as follows: - hired before May 1; 3 floating Company Holidays - hired May 1 to August 31; 2 floating Company Holidays - hired September 1 to December 31; 1 floating Company Holiday. Holiday Pro-rating of the three (3) floating Company Holidays for employees terminating during the calendar year will be as follows: - terminating prior to May 1; 1 floating Company Holiday - terminating May 1 to August 31; 2 floating Company Holidays - terminating September 1 to December 31; 3 floating Company Holidays.

Appears in 1 contract

Samples: – 2005 Agreement

COMPANY HOLIDAYS. 15.01 (a) There shall be twelve (12) Company Holidays each calendar year. The Company will recognize any new holiday declared by the Federal government. Except as provided for in Article 15.02, Company Holidays Nine (9) of these days will be observed as followsfixed: New Year’s 's Day Labour Day Good Friday Thanksgiving Day Victoria Day Christmas Day Canada Day Thanksgiving Boxing Day Good Friday Civic Holiday (AugustAug) Christmas Day Victoria Day Labour Day Boxing Day When any of the above holidays fall on either Saturday or Sunday, they will be observed on the first working day(s) following that holiday. The remaining three (3) days will be considered as individually floating holidays to be taken individually by each employee within the year year, subject to operational requirements. Unused Company Holidays Any unused floating holidays cannot be carried over to the next fiscal year. Payment for Company Holidays taken but not earned will be recoverable on termination of employment except where termination is due to death, disability or layoff. Termination of a term employee is not considered to be a layoff. Pro-rating of the three (3) floating Company Holidays for employees hired during the calendar year will be as follows: - hired before May 101; 3 03 floating Company Holidays - hired May 1 01 to August 31; 2 02 floating Company Holidays - hired September 1 01 to December 31; 1 01 floating Company Holiday. Holidays Pro-rating of the three (3) floating Company Holidays for employees terminating hired during the calendar year will be as follows: - terminating prior to terminated before May 101; 1 03 floating Company Holiday Holidays - terminating terminated May 1 01 to August 31; 2 02 floating Company Holidays - terminating terminated/hired September 1 01 to December 31; 3 01 floating Company Holidays.

Appears in 1 contract

Samples: Agreement

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COMPANY HOLIDAYS. 15.01 16.01 (a) There shall be twelve (12) Company Holidays each calendar year. The Company will recognize any new holiday declared by the Federal government. Except as provided for in Article 15.0216.02, nine Company Holidays will be observed as follows: New Year’s 's Day Canada Day Thanksgiving Day Good Friday Civic Holiday (August) Christmas Day Victoria Day Labour Day Boxing Day When any of the above holidays fall falls on either Saturday or Sunday, Sunday they will be observed on the first working day(s) following that holiday. The remaining three (3) days will be considered as individually floating holidays to be taken by each employee within the year subject to operational requirements. Unused Company Holidays cannot be carried over to the next fiscal year. Payment for Company Holidays taken but not earned will be recoverable on termination of employment except where termination is due to death, disability or layoff. Termination of a term employee is not considered to be a layoff. Pro-rating of the three (3) floating Company Holidays for employees hired during the calendar year will be as follows: - hired before May 1; 3 floating Company Holidays - hired May 1 to August 31; 2 floating Company Holidays - hired September 1 to December 31; 1 floating Company Holiday. Pro-rating of the three (3) floating Company Holidays for employees terminating during the calendar year will be as follows: - terminating prior to May 1; 1 floating Company Holiday - terminating May 1 to August 31; 2 floating Company Holidays - terminating September 1 to December 31; 3 floating Company Holidays.

Appears in 1 contract

Samples: Letter of Agreement

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