Common use of Computation of Vacation Pay Clause in Contracts

Computation of Vacation Pay. In computing vacation benefits, one (1) week's vacation with pay shall be equivalent to five (5) working days, and eight (8) hours' pay shall be equivalent to one (1) working day. If the employee is paid at a flat hourly rate, the vacation pay shall be at the highest rate earned for at least thirty (30) consecutive days during the year prior to June 1st, including shift premiums, if any.

Appears in 3 contracts

Samples: Agreement (Wells Gardner Electronics Corp), Agreement (Wells Gardner Electronics Corp), Agreement (Wells Gardner Electronics Corp)

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Computation of Vacation Pay. In computing vacation benefits, one (1) week's vacation with pay shall be equivalent to five (5) working days, and eight (8) hours' pay shall be equivalent to one (1) working day. If the employee is paid at a flat hourly rate, the vacation pay shall be at the highest rate earned for at least thirty (30) consecutive days during the year prior to June 1st, including shift premiums, if any.

Appears in 1 contract

Samples: Agreement (Wells Gardner Electronics Corp)

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Computation of Vacation Pay. In computing vacation benefits, one (1) week's ’s vacation with pay shall be equivalent to five (5) working days, and eight (8) hours' ’ pay shall be equivalent to one (1) working day. If the employee is paid at a flat hourly rate, the vacation pay shall be at the highest rate earned for at least thirty (30) consecutive days during the year prior to June 1st, including shift premiums, if any.

Appears in 1 contract

Samples: Wells Gardner Electronics Corp

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