Computing Vacation with Pay Sample Clauses
Computing Vacation with Pay. (a) The vacation earning year shall be from June 1 of each year to May 31 of the subsequent year. An employee's eligibility date shall be May 31 of each year. No later than January 1, 2009 vacation shall be earned and may be taken on a monthly basis. However, an employee will be required to retain sufficient vacation credits to cover up to a two (2) week plant shutdown period in accordance with section 8.4.
Computing Vacation with Pay. (a) The vacation earning year shall be from June 1 of each year to May 31 of the subsequent year. An employee's eligibility date shall be May 31 of each year . Vacation shall be earned and may be taken on a monthly basis. However, an employee will be required to retain sufficient vacation credits to cover up to a two (2) week plant shutdown period in accordance with section 8.4.
(b) Credit toward vacation with pay and/or pro rata vacation pay will be allowed for a month in which active service (hire, rehire or recall from layoff status) begins on or before the 16th day and for a month in which the active service is interrupted by termination, retirement or layoff on or after the 15th day.