Holiday Benefit Pay Sample Clauses

Holiday Benefit Pay. Holiday benefit pay remains the same. The City of San Francisco recognizes eleven holidays per year and provides either 8 hours of pay or 8 hours of time off (lieu day) per holiday. Each employee receives 88 hours of benefit per year. All eleven holidays are designated days in the employee handbook and are moved to alternative days on the new schedule. On the 8-hour work shift schedule an employee (on average) was scheduled to work approximately 71 percent of the 11 holidays each year. Therefore, on average, an employee is scheduled to work 8 holidays and is scheduled off 3 holidays each year. This provides 64 pay hours and 24 in lieu hours (or 88 total hours) of holiday benefit per year. Under the 12-hour work shift schedule, an employee is scheduled to work only 51 percent of the 11 holidays each year. Therefore, on average, an employee is scheduled to work 6 holidays and is scheduled off 5 holidays each year. This provides 48 pay hours and 40 in lieu hours (or 88 total hours) of holiday benefit per year. A "t" shift (which is scheduled work day) that falls on a holiday is a day off with 8 hours pay.
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Holiday Benefit Pay. Full-time and part-time employees who are not required to work on one of the holidays designated in Section 9.1 shall receive up to eight (8) hours of holiday benefit pay at the regular rate of pay, provided that they work their regularly scheduled day before and regularly scheduled day after the holiday unless their absence is excused or authorized by the Employer. Part-time employees shall receive holiday benefit pay pro rata based on FTE status. Employees on a 7/70 schedule shall be paid seven (7) hours of holiday benefit pay
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Holiday Benefit Pay. A. Public Safety Telecommunications Supervisors shall receive eight (8) hours holiday benefit pay or deferred time, at the employee’s discretion, for each holiday listed in Article 10.1. Employees must be in paid status the day before, the day of, or the day after the holiday to receive holiday benefit pay.
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Related to Holiday Benefit Pay

  • Benefit Payments Benefit Payments, as referred to in this Agreement, means the sum of (i) Claims, as described in Xxxxxxxxx 0 xxxxx, (xx) Cash Surrender Values, as described in Paragraph 3 below, and (iii) Annuity Payments, as described in Paragraph 7 below.

  • Vacation Pay on Retirement Termination is as follows:

  • Retirement Pay Any teacher with ten (10) years consecutive teaching experience in the Park Hill School District immediately prior to retirement from PSRS without an age reduction for early retirement, shall receive upon retirement from the Park Hill School District a terminal amount based upon the following formula: (Notation, the teacher must make application to PSRS for retirement and begin drawing from PSRS on the first available month following retirement). Years of service to the Park Hill School District to be divided by ten (10) and multiplied by one-ninth (1/9) of the last completed contract. Retirement notification after December 15 for the current academic year will result in a reduction of $1,000.00 from the total under Article 36. In the event of a sudden severe illness of the teacher, teacher’s legally recognized spouse, and/or child, the transfer of a legally recognized spouse, or being called into active military duty may be cause for the District not to impose the late notification reduction of $1,000.00. A teacher who otherwise qualifies for payment under Article 36 and dies while currently classified as an active employee will receive such payment.

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • Retirement Benefits Due to either investment or employment during the marriage, either the Husband or Wife: (check one) ☐ - DO NOT have retirement plans. ☐ - HAVE retirement plans. The Couple has the following retirement plans: (“Retirement Plans”). Upon signing this Agreement, the Retirement Plans shall be owned by: (check one) ☐ - Husband ☐ - Wife ☐ - Both Spouses ☐ - Other. .

  • Vacation Benefits During the Term, the Executive shall be eligible for 20 vacation days annually, which shall be accrued and used in accordance with the applicable policies of the Company. During the Term, the Executive shall be eligible to participate in such medical, dental and life insurance, retirement and other plans as the Company may have or establish from time to time on terms and conditions applicable to other senior executives of the Company generally. The foregoing, however, shall not be construed to require the Company to establish any such plans or to prevent the modification or termination of such plans once established.

  • Early Retirement Benefits If elected in the Adoption Agreement, an Early Retirement benefit may be available to individuals who meet the age and Service requirements that are specified in the Adoption Agreement. A Participant who attains his or her Early Retirement Date will become fully vested, regardless of any vesting schedule which otherwise might apply. If a Participant separates from Service with a nonforfeitable benefit before satisfying the age requirements, but after having satisfied the Service requirement, the Participant will be entitled to elect an Early Retirement benefit upon satisfaction of the age requirement.

  • Holiday Pay for Employees Laid Off An employee who is laid off at the close of business the day before a holiday who has worked not less than five (5) previous consecutive work days shall be paid for the holiday.

  • Retirement Benefit Should the Director still be in the Directorship ------------------ of the Association upon attainment of his 70th birthday, the Association will commence to pay him $590 per month for a continuous period of 120 months. In the event that the Director should die after becoming entitled to receive said monthly installments but before any or all of said installments have been paid, the Association will pay or will continue to pay said installments to such beneficiary or beneficiaries as the Director has directed by filing with the Association a notice in writing. In the event of the death of the last named beneficiary before all the unpaid payments have been made, the balance of any amount which remains unpaid at said death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the estate of the last named beneficiary to die. In the absence of any such beneficiary designation, any amount remaining unpaid at the Director's death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the Director's estate.

  • Defined Benefit Pension Plan 1. The Employer and the Union hereby agree to the continuation of the existing Northern California Glaziers, Architectural Metal and Glass Workers Pension Trust Agreement ("Defined Benefit Pension Trust").

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