Required Vacations Sample Clauses

Required Vacations. All employees must take an annual vacation. Employees may not carry accumulated vacations over from one year to the next, except during the probationary period, where an employee is not able to take earned vacation, or as described in Article 8.4 above.
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Required Vacations. Terrace & District Credit Union encourages employees to take vacation days during the year of entitlement and not carry them over until the following year. Employees need a break from the daily routine to ensure the maximum productivity and high employee morale. Employees are encouraged to take at least two consecutive weeks of vacation during the year. This is for security reasons so that the replacement employee can verify certain procedural and security functions of the position. The Credit Union will not pay employees in lieu of earned days not taken. 1st year of employment 10 days, or 1 day per month up to10 2ndyear - up to and including6thyear 15 days 7thyear - up to and including9thyear 20 days 10thyear - up to and including 14thyear 25 days 15thyear 25 days, plus 5 days one time only bonus 16thyear 26 days 17thyear 27 days 18thyear 28 days 19thyear 29 days 20thyear 30 days, plus 5 days one time only bonus 21styear 31 days 22ndyear 32 days 23rdyear 33 days 24thyear 34 days 25thyear 35 days, plus 5 days one time only bonus Notes to above Table This vacation bonus applies to service years at the Credit Union only. The employee has the option of not taking this time off and instead taking a payout. Upon promotion from support staff to management, the additional week of vacation entitlement will be pro-rated from the effective date of promotion to December 31st.
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Related to Required Vacations

  • PAID VACATIONS 16.01 An employee in the active employ of the Company shall be entitled to an annual paid vacation pay on the following basis:

  • Banked Vacation Once every five years an employee may bank one full year's vacation to be taken in conjunction with the next year's vacation. For the purposes of this clause, all vacation in the second year must be taken concurrently.

  • ANNUAL VACATIONS Vacation entitlement earned during previous employment shall be credited to the employee, and vacations granted shall be in accordance with such previous entitlement (Articles 28.01 and 28.02).

  • HOLIDAYS AND VACATIONS If work is performed on Buyer's premises, Buyer shall not be obligated to make any payments to Seller for days designated by Buyer as holidays or shutdown periods, except for work specifically authorized in writing by Xxxxx's Authorized Procurement Representative and performed by Seller on such days.

  • Paid Vacation Except as otherwise provided in this Article, paid vacation shall be granted no longer than the fiscal year immediately following the fiscal year in which it is earned.

  • Split Vacations Where an employee wishes to split her vacation, her second choice of vacation time shall be made only after all other employees concerned have made their initial selection.

  • ARTICLE VACATIONS For the purpose of calculating eligibility, the vacation year shall be the period from July 1st of any year to June 30th of the following year. The periods at which employees shall take vacation shall be based on the selection by the employee according to seniority in each department, but shall be finally determined by the Administrator having due concern for the proper operation of the Nursing Home. Vacation time will be allotted between the months of May and September inclusive, if possible, unless some other time is mutually arranged between the individual employee and the Employer. Vacations are not cumulative from year to year and all vacations must be taken by May following the cut off date. Employees shall not waive vacation and draw double pay. Employees who have not completed their probationary period as of June 30th will receive four percent (4%) of their gross earnings during the vacation year. Employees who have completed their probationary period as at the vacation cut off date will be granted one day's vacation leave for each month of service to a maximum of ten days. Vacation pay for such employees will be four percent (4%) of gross earnings during the vacation year. Employees with one (1) year of service on or before June 30th of the current year shall receive two (2) weeks vacation. Vacation pay for such employees will be four percent (4%) of gross earnings for the vacation year. Employees with three (3) years of service on or before June 30th of the current year shall receive three (3) weeks vacation. Vacation pay for such employees will be six percent (6%) of gross earnings for the vacation year. Employees with eight (8) years of service on or before June 30th of the current year shall receive four (4) weeks vacation. Vacation pay for such employees will be eight percent (8%) of gross earnings for the vacation year. Employees with fifteen (15) years of service on or before June 30th of the current year shall receive five (5) weeks vacation. Vacation pay for such employees shall be ten percent (10%) of gross earnings for the vacation year. Employees with twenty-five (25) years of service on or before June 30th of the current year shall receive six (6) weeks vacation. Vacation pay for such employees will be twelve percent (12%) of gross earnings for the vacation year. For employees who are regularly scheduled to work seventy-five (75) hours vacation pay is to be paid as a percentage of total earnings or regular pay whichever is greater. Employees who have lost their seniority and have terminated their employment as set out in Article herein, between vacation periods, shall on termination of employment be paid a vacation with pay allowance based on the amount of vacation pay to which such employee shall be entitled from the last cut off date prior to the date of termination. Such allowance shall be paid no later than the next regular payroll date. The Employer may pay vacation pay as part of the regular pay. such circumstances, the Employer undertakes that the rate of income tax on the vacation pay will not change unless the vacation pay changes the employee’s annual tax bracket.

  • VACATIONS AND VACATION PAY 9.01 All employees who are covered under this Agreement shall receive vacation pay as a percent of the employee's total earnings exclusive of the Employer's contribution to the Union's Pension, Health Benefit Plan, Education and Assistance Fund and Industry Fund. Income tax shall be deducted weekly from the employee's earnings increased by the amount of vacation pay.

  • HOLIDAYS AND VACATION Executive shall be eligible for paid holiday and vacation time in accordance with Company policy as in effect from time to time and made available to Company’s senior management employees.

  • Earned Vacation Full-time employees, as defined in this article, shall accrue vacation as follows:

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