Holiday pay and -compensation and salary payment periodisation Due to the holiday compensation paid to the players, the Parties agree on the following salary payment periodisation policy below, which is also included in the player contract model (Annex 1) and which all employers undertake to follow. In principle, a player is paid holiday pay when the player is on holiday in accordance with paragraph 3.5. of the Collective Agreement. The salary recorded in the compensation appendix of the player’s player contract is always the total salary, which also includes all holiday compensations. Ten percent (10 %) of the seasonal salary of the last or only season of all players’ player contracts is reserved to be paid in connection with the last salary payment of the player contract, i.e., at the turn of April/May of the last or only season, or if the players’ player contract ends prematurely for one reason or another in connection with the final salary payment. 90 % of the salary of the last season is thus, in principle, distributed for the months during which the player contract is in force and the ten percent (10 %) reserved from the seasonal salary is paid as a holiday compensation in connection with the salary of the last month or with the so-called final salary. The Elite League undertakes to ensure that employers instruct their payroll administration to monitor/supervise the players’ holiday accumulation and held holidays, to record the players’ holiday pay during the June / July months to their salaries and to pay the players the ten percent (10 %) reserved from their seasonal salary for the latest season of their player contract as a holiday compensation at the end of the player’s employment. In fulfilling their obligation to pay holiday compensation, the employers may alternatively pay the holiday compensation to the players in advance, so that 10 % of the total monthly salary paid to players is allocated each month as holiday compensation (or holiday pay). The holiday compensation part shall always be separately recorded in the payroll and by doing so, no part of the players’ salaries shall be reserved to be paid as holiday compensation at the end of the players’ employments. Players and League Teams may agree among themselves in the compensation appendix of the player contract to periodize the salary payment for a period shorter than 12 months, if the player contract concluded by them lasts for one (1) season and starts before 1 June.
