Common use of FLOATERS Clause in Contracts

FLOATERS. a) All full time employees shall receive three (3) floater holidays, that must be taken between January 1 and December 31 of the calendar year or floater days not used by December 31st shall be paid out at eight (8) hours per floater in the pay period in which December 31st falls. b) Employees shall make written application to take a floater day. Floaters shall be approved, in writing, on a first come, first served basis by the employee’s Supervisor. c) Floaters booked may not be cancelled with less than one (1) weeks’ notice. d) No request shall be unreasonably denied. e) Floaters, when taken, shall be paid shift value for that floater. f) When an employee commences employment in the current year, their floater days shall be earned on a percentage of total days worked in the current year, January 1 to December 31. 52 g) If any employee leaves the employment of the Corporation, their floater days shall be paid on a percentage of total days worked in the current year, January 1 to December 31.