Fiscal Year Defined. Vacation entitlement is accrued in each fiscal year. A fiscal year is the twelve (12) month period commencing April 1st and ending March 31st. Annual vacation is taken within the year in which it is accrued and shall be deducted from the total entitlement for that year. With the Employer's approval, up to twenty percent (20%) of a year's vacation entitlement may be carried over to the following year.
Fiscal Year Defined. Whenever the term "fiscal year" is used herein, it shall, unless otherwise specified, be deemed to refer to the fiscal year of the Employer.
Fiscal Year Defined. The Fiscal Year is the one-year period for which the company does its financial reporting, for both internal purposes as well as for tax reporting purposes. Most companies use the Calendar Year for their Fiscal Year. However, some companies will use another date as the beginning of their Fiscal Year. Typical alternatives are October 1st or July 1st. There is no restriction on the date selection, as long as it is the same date every year.
