COMPENSATION IN LIEU OF ANNUAL LEAVE Sample Clauses

COMPENSATION IN LIEU OF ANNUAL LEAVE. Compensation for each paid day of annual leave that has not been taken is 4.6 per cent of the current monthly salary and holiday supplements in accordance with 10.4.1 and 10.4.2. For carried over days of annual leave, compensation in lieu of annual leave is calculated as if the carried over day had been taken in the annual leave year in which the employment ceased. Compensation in lieu of annual leave shall be adapted to the salaried employee’s percentage of full regular working time during the qualifying year that preceded the annual leave year in which the day was carried over.
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COMPENSATION IN LIEU OF ANNUAL LEAVE. 10.5.1 Employees who are terminated or who resign shall be paid accrued vacation upon termination at the employee's base rate of pay in effect during the payroll period preceding the termination.
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COMPENSATION IN LIEU OF ANNUAL LEAVE for holidays not taken‌ Holiday compensation constitutes 5.4% (i.e. 4.6 + 0.8) of current monthly salary for each paid day of holiday not taken. However, holiday compensation is only 0.8% in cases where compensation for recess pay is paid. Holiday compensation for each saved holiday day is calculated as if the saved day had been taken in the holiday year in which employment ceased. Holiday compensation for those employed for certain work or for a certain time shall constitute 13% of the salary on which holiday pay is based. Absence credited for the purposes of holiday pay shall also be included in the calculation basis. Holiday compensation will be paid in conjunction with final salary.
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Related to COMPENSATION IN LIEU OF ANNUAL LEAVE

  • Payment for annual leave (a) Before going on annual leave, an employee will be paid the amount of wages they would have received for ordinary time worked had they not been on leave during that period.

  • Taking of Annual Leave (a) An employee is entitled to take an amount of annual leave during a particular period if:

  • ’ Compensation Leave If such determination cannot readily be made and all healthcare leave or annual leave subject to 100% payoff has been applied to the absence, the employee shall be placed on Official Leave until a final determination is made.

  • Accrual of Annual Leave (1). Full-time employees appointed for more than nine (9) months, except employees on academic year appointments, shall accrue annual leave at the rate of 6.769 hours biweekly or 14.667 hours per month (or a number of hours that is directly proportionate to the number of days worked during less than a full-pay period for full-time employees), and the hours accrued shall be credited at the conclusion of each pay period or, upon termination, at the effective date of termination. Employees may accrue annual leave in excess of the year end maximum during a calendar year. Employees with accrued annual leave in excess of the year end maximum as of December 31, shall have any excess converted to sick leave on an hour-for-hour basis on January 1 of each year.

  • Holiday Compensation 1. Those employees working a five-day per week schedule with Saturdays and Sundays as normal days off shall receive cash payment for eight (8) hours per holiday subject to the conditions of this article.

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