Common use of Recognized Regular and Floating Holidays Clause in Contracts

Recognized Regular and Floating Holidays. Full-time employees earn Regular (R) and Floating (F) holiday leave by being in paid status on the calendar date of occurrence as set forth in this section. Part-time employees who are in paid status on the calendar date of occurrence and who are employed on at least a 50% time basis earn a prorated amount of holidays based on the percentage of employment. Regular holidays are those on which, operations permitting, the school/department closes. Regular holidays are observed on the calendar date of occurrence as set forth in this section. Employees can observe a Floating or Regular holiday on the date of occurrence or on a later workday. Employees who are required to work on a Regular holiday shall be granted a substitute day off within ninety (90) days of the Regular holiday worked. Such day shall be scheduled with the approval of a supervisor. If the substitute holiday cannot be scheduled based on operational needs, the University shall pay the employee at the rate of one and one half (1 ½) times the employee’s regular hourly rate in lieu of the substitute holiday. Floating holidays shall be scheduled on a later workday in the same calendar year subject to scheduling approval by the employee’s supervisor. When an employee is not allowed to use one (1) or more Floating holidays during the calendar year based on operational needs, the employee shall receive compensation at the rate of one and one half (1 ½) the employee’s regular hourly rate for all holidays not used. If the payment of Regular or Floating holidays results in overtime compensation, compensation shall be based on the provisions of Article 3 of the MOU. Payment of unused Floating holidays shall occur no later than February 15th of the subsequent calendar year. Nothing in this section shall prohibit a school/department from setting the dates of observance for Floating holidays. There shall be no carry over of unused holidays from calendar year to calendar year. Paid holiday leave shall be eight (8) hours for each day earned and observed. Schedule of Holidays Holiday Calendar Date of Occurrence New Years Day (R) January 1 Xx. Xxxxxx Xxxxxx Xxxx’x Birthday (R) 3rd Monday in January Lincoln’s Birthday (F) February 12th President’s Day (F) 3rd Monday in February Maryland Day (F) March 25th

Appears in 2 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding

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Recognized Regular and Floating Holidays. Full-time employees earn Regular (R) and Floating (F) holiday leave by being in paid status on the calendar date of occurrence as set forth in this section. Part-time employees who are in paid status on the calendar date of occurrence and who are employed on at least a 50% time basis earn a prorated amount of holidays based on the percentage of employment. Regular holidays are those on which, operations permitting, the school/school/ department closes. Regular holidays are observed on the calendar date of occurrence as set forth in this section. Employees can observe a Floating or Regular holiday on the date of occurrence or on a later workday. Employees who are required to work on a Regular holiday shall be granted a substitute day off within ninety (90) days of the Regular holiday worked. Such day shall be scheduled with the approval of a supervisor. If the substitute holiday cannot be scheduled based on operational needs, the University shall pay the employee at the rate of one and one half (1 ½) times the employee’s regular hourly rate in lieu of the substitute holiday. Floating holidays shall be scheduled on a later workday in the same calendar year subject to scheduling approval by the employee’s supervisor. When an employee is not allowed to use one (1) or more Floating holidays during the calendar year based on operational needs, the employee shall receive compensation at the rate of one and one half (1 ½) the employee’s regular hourly rate for all holidays not used. If the payment of Regular or Floating holidays results in overtime compensation, compensation shall be based on the provisions of Article 3 of the MOU. Payment of unused Floating holidays shall occur no later than February 15th of the subsequent calendar year. Nothing in this section shall prohibit a school/department from setting the dates of observance for Floating holidays. There shall be no carry over of unused holidays from calendar year to calendar year. Paid holiday leave shall be eight (8) hours for each day earned and observed. Schedule of Holidays Holiday Calendar Date of Occurrence New Years Day (R) January 1 Xx. Dr� Xxxxxx Xxxxxx Xxxx’x Birthday (R) 3rd Monday in January LincolnXxxxxxx’s Birthday (F) February 12th President’s Day (F) 3rd Monday in February Maryland Day (F) March 25th

Appears in 1 contract

Samples: Memorandum of Understanding

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Recognized Regular and Floating Holidays. Full-time employees earn Regular (R) and Floating (F) holiday leave by being in paid status on the calendar date of occurrence as set forth in this section. Part-time employees who are in paid status on the calendar date of occurrence and who are employed on at least a 50% time basis earn a prorated amount of holidays based on the percentage of employment. Regular holidays are those on which, operations permitting, the school/school/ department closes. Regular holidays are observed on the calendar date of occurrence as set forth in this section. Employees can observe a Floating or Regular holiday on the date of occurrence or on a later workday. Employees who are required to work on a Regular holiday shall be granted a substitute day off within ninety (90) days of the Regular holiday worked. Such day shall be scheduled with the approval of a supervisor. If the substitute holiday cannot be scheduled based on operational needs, the University shall pay the employee at the rate of one and one half (1 ½) times the employee’s regular hourly rate in lieu of the substitute holiday. Floating holidays shall be scheduled on a later workday in the same calendar year subject to scheduling approval by the employee’s supervisor. When an employee is not allowed to use one (1) or more Floating holidays during the calendar year based on operational needs, the employee shall receive compensation at the rate of one and one half (1 ½) the employee’s regular hourly rate for all holidays not used. If the payment of Regular or Floating holidays results in overtime compensation, compensation shall be based on the provisions of Article 3 of the MOU. Payment of unused Floating holidays shall occur no later than February 15th of the subsequent calendar year. Nothing in this section shall prohibit a school/department from setting the dates of observance for Floating holidays. There shall be no carry over of unused holidays from calendar year to calendar year. Paid holiday leave shall be eight (8) hours for each day earned and observed. Schedule of Holidays Holiday Calendar Date of Occurrence New Years Day (R) January 1 Xx. Xxxxxx Xxxxxx Xxxx’x Birthday (R) 3rd Monday in January LincolnXxxxxxx’s Birthday (F) February 12th President’s Day (F) 3rd Monday in February Maryland Day (F) March 25th

Appears in 1 contract

Samples: Memorandum of Understanding

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