Common use of Holiday allocation Clause in Contracts

Holiday allocation. The 20 statutory days of holiday (4x the weekly working hours) are allocated in time and employees must take these days as much as possible in the year in which they are accrued, but no later than six months after the year in which they are accrued. An exception to this is possible for the situation in which employees work in a 4-shift system and have already taken sufficient system leave. If it is not possible to include these statutory days in the working schedule, the expiry period will be extended to 5 years after the date that these entitlements arise, in accordance with Article 7:640a of the Dutch Civil Code. In addition, there is the option to pay out days. The value is calculated as follows: the reference wage as defined in article 1.13 divided by the number of days the employee is paid per calendar year. Payment of unused vacation days or termination of employment is based on the reference salary over a period of 12 months, which is considered representative, immediately prior to the date of payment of vacation days or the end date of employment.