Holidays Section Sample Clauses

Holidays Section. 26.01 When the Employer requires the services of employees on an established holiday, the Employer will provide as much advance notice to the affected employees as possible.
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Holidays Section. When work is performedon the following twelve (12) holidays, double time and one half shall be paid, provided that the employee works the regular working day before and the regular working day after the holiday. One hour grace shall be allowed on each qualifying day. These holidays are: NEW YEAR’S DAY LABOUR DAY GOOD FRIDAY XXXXXXXX XXX REMEMBRANCE DAY CANADA DAY CHRISTMAS DAY CIVIC HOLIDAY BOXING DAY EMPLOYEES BIRTHDAY FLOATING HOLIDAY A regular employee will be paid for all the twelve (12) holidays listed in without having to render service providing the employee works the regular working day before and the regular working day after the holiday. One hour grace shall be allowed on each qualifyingday. Notwithstandingthe above, any employee who has worked any time during the calendar year will be paid for any holiday which falls within a period in which he is absent from work due to sickness or injury or if he is absent either or both of the qualifyingdays for the same reasons. Such absence must be attested to by a qualified physician. No payment will be made for holidays during a period when an employee is on a leave of absence. Inthe event that the employee’s birthday falls on one of the remaining eleven holidays listed above, his first working day following such a holiday will be considered his birthday for the purpose of this rule. In no event will more than double time and one-half be paid to any employee. VACATIONS SECTION The Company will attempt to schedule vacations at the times requested by the employees, with due regardto work requirements. Preferenceshall be given to applicationsfor the allotment of vacation time, by department or section in accordance with the plant-wide seniority of the applicant. The ultimate determinationof vacation time, however, will be vested by the Company to ensure the efficient operation of the Plant. Employees will be entitled to vacations as follows: year of service and over, but must include one year continuous service to December weeks years of service and over, but must include one year of continuous service to December weeks years of service and over, but must include one year of continuous service to December weeks years of service and over, but must include one year of continuous service to December weeks Vacation pay will be an amount equal to the average weekly earnings of the employee for the four full weeks prior to his vacation’ or of his previous year’s total earnings (including Sickness and Accident Pay)...
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Holidays Section. 1 It is agreed that as a matter of general policy work will not be performed on any of the following holidays; New Year's Day, Presidents Day (third Monday in February), Memorial Day, Forth of July, Labor Day, Thanksgiving Day and the day after, Christmas. All employees qualifying for holiday pay in accordance with the eligibility requirements of Section 3 shall be paid a full straight time pay of eight (8) hours for each of the above mentioned holidays, as well as two (2) additional holidays referred to in this section. Two (2) floating holidays are allowed during the contract year. The first of these floating holidays is to be mutually agreed upon by the Company and the Union. The second floating holiday shall be schedule at the sole discretion of the Company.
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Holidays Section. 1 The following days shall be paid holidays for full-time employees: New Year’s Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, Christmas Day, and Xxxxxx Xxxxxx Xxxx’x Birthday (Xxxxxx Xxxxxx Xxxx’x Birthday, only, may be used as an optional floater). In addition, all full-time employees will receive three (3) personal days, which are to be used within the calendar year, or may be cashed in at the end of the year if the employee is still actively employed. Personal days will be available at the beginning of the calendar year. Personal days will be prorated for new employees based upon their date of hire. Personal days will be prorated according to the following schedule: Date of hire: January through February 3 days March through June 2 days July through September 1 day In order for Operators to receive pay for Xxxxxx Xxxxxx Xxxx’x Birthday instead of a floater, the Operator must fill out a “Holiday Pay Only” form. Otherwise the Operator will accumulate MLK’s Birthday as a floater to be used during that current year or to be cashed in before the end of the year.
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Holidays Section 
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Related to Holidays Section

  • Taxes; Section 409A All forms of compensation paid to you by the Company, including any payments made pursuant to this Agreement, are subject to reduction (or payment by you, to the extent that additional amounts are required) to reflect applicable deductions, withholdings, and payroll taxes. You agree that the Company does not have a duty to design its compensation policies in a manner that minimizes your tax liabilities, and you will not make any claim against the Company related to tax liabilities arising from your compensation. The payments and benefits under this Agreement are intended, and will be construed, to be exempt from or comply with Section 409A of the Internal Revenue Code of 1986, as amended (Section 409A); provided, however, that nothing in this Agreement shall be construed or interpreted to transfer any liability for any tax (including a tax or penalty due as a result of a failure to comply with Section 409A) from you to the Company or to any other entity or person. Any payment to you under this Agreement that is subject to Section 409A and that is contingent on a termination of employment is contingent on a “separation from service” within the meaning of Section 409A. If, upon separation from service, you are a “specified employee” within the meaning of Section 409A, any payment under this Agreement that is subject to Section 409A and triggered by a separation from service that would otherwise be paid within six months after your separation from service will instead be paid in the seventh month following your separation from service or, if earlier, upon your death (to the extent required by Section 409A(a)(2)(B)(i)). Payments pursuant to this Agreement (or referenced in this Agreement), and each installment thereof, are intended to constitute separate payments for purposes of Section 1.409A-2(b)(2) of the regulations under Section 409A. To the extent any nonqualified deferred compensation subject to Section 409A payable to you could be paid in more than one taxable year depending upon you completing certain employment-related actions, then any such payments will commence or occur in the latest such taxable year to the extent required to avoid the adverse consequences of Section 409A. Any taxable reimbursement due under the terms of this Agreement shall be paid no later than December 31 of the year after the year in which the expense is incurred, and all taxable reimbursements and in-kind benefits shall be provided in accordance with Section 1.409A-3(i)(1)(iv) of the regulations under Section 409A. The parties agree that if necessary to avoid non-compliance with Section 409A, they will cooperate in good faith to modify the terms of this Agreement or any applicable equity award; provided, that such modification shall endeavor to maintain the economic intent of this Agreement or any such equity award.

  • IRC Section 409A This Agreement is intended to comply with Section 409A (as defined in Section 23 of this Agreement) and any ambiguous provisions will be construed in a manner that is compliant with the application of Section 409A. If (a) the Indemnitee is a “specified employee” (as such term is defined by the Company in accordance with Section 409A) and (b) any payment payable upon “separation from service” (as such term is defined by the Company in accordance with Section 409A) under this Agreement is subject to Section 409A and is required to be delayed under Section 409A because the Indemnitee is a specified employee, that payment shall be payable on the earlier of (i) the first business day that is six months after the Indemnitee’s “separation from service”; (ii) the date of the Indemnitee’s death; or (iii) the date that otherwise complies with the requirements of Section 409A. This Section 25 shall be applied by accumulating all payments that otherwise would have been paid within six months of the Indemnitee’s separation from service and paying such accumulated amounts on the earliest business day which complies with the requirements of Section 409A. For purposes of Section 409A, each payment or amount due under this Agreement shall be considered a separate payment, and the Indemnitee’s entitlement to a series of payments under this Agreement is to be treated as an entitlement to a series of separate payments.

  • Captions; Section References Section titles or captions contained in this Agreement are inserted only as a matter of convenience and reference, and in no way define, limit, extend or describe the scope of this Agreement, or the intent of any provision hereof. All references herein to Sections shall refer to Sections of this Agreement unless the context clearly requires otherwise.

  • Headings; Section References The headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning hereof. Unless otherwise stated, references to Sections, Schedules and Exhibits are to the Sections, Schedules and Exhibits of this Agreement.

  • Company Minimum Gain Chargeback Notwithstanding any other provision of this Section 5.1, if there is a net decrease in Company Minimum Gain during any Company taxable period, each Member shall be allocated items of Company income and gain for such period (and, if necessary, subsequent periods) in the manner and amounts provided in Treasury Regulations Sections 1.704-2(f)(6), 1.704-2(g)(2) and 1.704-2(j)(2)(i), or any successor provision. For purposes of this Section 5.1(b), each Member’s Adjusted Capital Account balance shall be determined, and the allocation of income and gain required hereunder shall be effected, prior to the application of any other allocations pursuant to this Section 5.1(b) with respect to such taxable period (other than an allocation pursuant to Section 5.1(b)(iii) and Section 5.1(b)(vi)). This Section 5.1(b)(i) is intended to comply with the Company Minimum Gain chargeback requirement in Treasury Regulations Section 1.704-2(f) and shall be interpreted consistently therewith.

  • SECTION Unless otherwise stated herein, the term "Section" when used in this Agreement shall refer to the Sections of this Agreement.

  • Titles of Articles, Sections and Subsections All titles or headings to articles, sections, subsections or other divisions of this Agreement and the other Loan Documents or the exhibits hereto and thereto are only for the convenience of the parties and shall not be construed to have any effect or meaning with respect to the other content of such articles, sections, subsections or other divisions, such other content being controlling as to the agreement between the parties hereto.

  • Treasury Regulations The term "Treasury Regulations" means the Income Tax Regulations, including temporary regulations, promulgated under the Code, as such regulations may be amended from time to time.

  • Minimum Gain Chargeback Except as otherwise provided in Regulations Section 1.704-2(f), notwithstanding the provisions of Section 6.2 hereof, or any other provision of this Article 6, if there is a net decrease in Partnership Minimum Gain during any Partnership Year, each Holder shall be specially allocated items of Partnership income and gain for such year (and, if necessary, subsequent years) in an amount equal to such Holder’s share of the net decrease in Partnership Minimum Gain, as determined under Regulations Section 1.704-2(g). Allocations pursuant to the previous sentence shall be made in proportion to the respective amounts required to be allocated to each Holder pursuant thereto. The items to be allocated shall be determined in accordance with Regulations Sections 1.704-2(f)(6) and 1.704-2(j)(2). This Section 6.4.A(i) is intended to qualify as a “minimum gain chargeback” within the meaning of Regulations Section 1.704-2(f) and shall be interpreted consistently therewith.

  • Partner Minimum Gain Chargeback Except as otherwise provided in Section 1.704-2(i)(4) of the Regulations, if there is a net decrease in Partner Nonrecourse Debt Minimum Gain during any fiscal year, each Partner who has a share of the Partner Nonrecourse Debt Minimum Gain, determined in accordance with Section 1.704-2(i)(5) of the Regulations, shall be specially allocated items of Partnership income and gain for such year (and, if necessary, subsequent years) in an amount equal to that Partner’s share of the net decrease in the Partner Nonrecourse Debt Minimum Gain to the extent and in the manner required by Section 1.704-2(i) of the Regulations. The items to be so allocated shall be determined in accordance with Sections 1.704-2(i)(4) and (j)(2) of the Regulations. This subparagraph 2(b) is intended to comply with the minimum gain chargeback requirement with respect to Partner Nonrecourse Debt contained in said section of the Regulations and shall be interpreted consistently therewith. Allocations pursuant to this subparagraph 2(b) shall be made in proportion to the respective amounts required to be allocated to each Partner pursuant hereto.

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