Saved holiday Sample Clauses

Saved holiday. Employees, who during a holiday year are entitled to over 20 days’ paid holiday, may save up to five such days for a later holiday year in accordance with Section 18 of the Annual Leave Act. Employees who work only on certain banking days (intermittently), are en- titled to save up to three days’ paid holiday for a later holiday year on the condition that their employment has lasted the whole calendar year and on the conditions stipulated in Section 18 of the Annual Leave Act. Holiday, which has not been used by the end of the year and which may not be saved, shall be paid out as holiday compensation.