Regular Twelve-Month Employees. a. The rate of vacation pay will be determined by years of continuous service. For the purposes of this Article, years of continuous service shall be calculated using December 31 as the cut-off date for each year. All increment changes will take effect January 1. Vacation pay and entitlements shall be calculated as the greater of the following rates:
Appears in 4 contracts
Samples: Collective Agreement, Collective Agreement, Public Employees
Regular Twelve-Month Employees. a. (a) The rate of vacation pay will be determined by years of continuous service. For the purposes of this Article, years of continuous service shall be calculated using December 31 as the cut-off date for each year. All increment changes will take effect January 1. Vacation pay and entitlements shall be calculated as the greater of the following rates:: 0-5 years continuous employment : 6 ¼ % 6-13 years continuous employment : 9 ½ % 14-20 years continuous employment : 11 ½ % 21-25 years continuous employment : 13 ½ % 26 + years continuous employment : 15 ½ %
Appears in 1 contract
Samples: Collective Agreement
