Prorated Vacation Pay Sample Clauses
Prorated Vacation Pay. An employee with at least six (6) months of continuous service on the same premises whose employment terminates before they qualify for their next vacation shall be entitled to prorated vacation pay equal to one-twelfth (1/12th) of their vacation pay for each full one (1) month of service for which they have not received prior vacation allowance credit whether or not such service precedes June 1st of any year.
Prorated Vacation Pay. Example: If an employee is eligible for ten (10) vacation days per year (10/12 months =
Prorated Vacation Pay. Example: If an employee is eligible for ten (10) vacation days per year (10/12 months = 8.33 days) and worked two (2) hours per day for 183 days, the following is the computation for prorated vacation pay: Days worked: 183 x 2 hours per day = 366 hours worked per year divided by the maximum hours a cafeteria employee could work. 1,464 maximum hours = 25% 8.333 x 25% = 2.083 days earned days earned (2.083) x 8 hours x hourly rate of pay = $