Common use of Effective January Clause in Contracts

Effective January. 1st of each calendar year all regular full-time employees will be eligible to participate in the Company’s vacation program at their regular straight-time hourly rate as follows: a) Full-time employees hired during the previous calendar year will receive one day (eight (8) hours) of paid vacation for each full month of service up to a maximum of two weeks vacation with pay for eighty (80) hours at their base rate of pay. b) Employees having less than five (5) years of credited service will receive two weeks vacation with pay for eighty (80) hours at their base rate of pay. c) Commencing in the calendar year in which employees complete five (5) years of credited service they will receive three (3) weeks vacation with pay for one hundred twenty (120) hours at their base rate of pay. d) Commencing in the calendar year in which employees complete fifteen (15) years of credited service they will receive four (4) weeks vacation with pay for one hundred sixty (160) hours at their base rate of pay. e) Commencing in the calendar year in which employees complete twenty-five (25) years of credited service they will receive five (5) weeks vacation with pay for two hundred (200) hours at their base rate of pay. Effective January 1, 2018 – Vacations shall be granted to regular full-time employees at their basic rate of pay in accordance with the following schedule: Length of Service Eligible Hours 0 but < 1 year 0* 1 year < 5 years 80 hours 5 years < 10 years 120 hours 10 years < 15 years 140 hours 15 years < 20 years 160 hours 20 years < 25 years 180 hours 25 years and over 200 hours * During the first calendar year of employment employees are not eligible for vacation pay. The vacation year which shall be used in computing the amount of paid time off shall be from January 1st through December 31st of each year in which this Agreement continues in effect, except that in the anniversary year of 1, 5, 10, 15, 20 and 25 years the employee earns vacation at the higher rate for the entire year.