Common use of Holiday Entitlement Clause in Contracts

Holiday Entitlement. Minimum annual holiday entitlement shall be 24 working days. Annual holiday allowance shall be 10.17% of all wage payments, whether at daytime, after-hours or overtime rates. When calculating annual holiday, a divisor of 21.67 shall be used (Saturdays are not included). The first 5 Saturdays are not counted as part of an annual holiday. (Concerning holiday entitlement, any person who has a notice period of at least one month for termination of employment shall be regarded as a permanent employee.)

Appears in 4 contracts

Samples: www.vr.is, www.landssamband.is, www.fvsa.is

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Holiday Entitlement. 4.1.1. Statutory holiday time Minimum annual holiday entitlement shall be 24 working days. Annual holiday allowance shall be 10.17% of all wage payments, whether at daytime, after-hours daytime or overtime rates. When calculating annual holiday, a divisor of 21.67 shall be used (used; Saturdays are not included). The first 5 Saturdays are not counted as part of an annual holiday. (Concerning holiday entitlement, any person who has a notice period of at least one month for termination of employment shall be regarded as a permanent employee.)

Appears in 3 contracts

Samples: Collective Wage Agreement, Collective Wage Agreement, Collective Wage Agreement

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