Service Vacation Payment Sample Clauses

Service Vacation Payment. 6 months and less than 1 year 1 week 4% of gross pay 1 year and less than 5 years 2 weeks 4% of gross pay 5 years and less than 10 years 3 weeks 6% of gross pay 10 years and less than 15 years 4 weeks 8% of gross pay 15 years and less than 25 years 5 weeks 10% of gross pay More than 25 years 6 weeks 12% of gross pay Members who have completed the minimum service requirements, but less than the maximum service requirements, shall receive the scheduled number of weeks vacation at the scheduled rate of payment of wages paid during the previous vacation year from the date of hiring to June 30th, or the scheduled number of vacation weeks pay, at the rate of pay in effect on June 30th, whichever is greater.
Sample 1
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Service Vacation Payment. Less than three (3) months Four (4) percent More than three (3) months one (1) week Four (4) percent More than one (1) year two (2) weeks Four (4) percent More than five (5) years three (3) weeks Six (6) percent More than ten (10) years four (4) weeks Eight (8) percent More than fifteen (15) years five (5) weeks Ten (10) percent It is agreed between the parties that the current schedule shall remain with the understanding that for the term of this agreement (eighteen
Sample 1
Service Vacation Payment. Less than three (3) months four (4) percent More than three one (1) week one (1) weeks’ pay
Sample 1

Related to Service Vacation Payment

  • Vacation Payout Where an employee requests in writing to have a specific number of vacation days paid out, and the Employer agrees to the request, the Employer will issue pay in lieu of vacation. Pay in lieu of vacation, if agreed, will be granted only after a minimum of 15 days' vacation time has already been taken in the year.

  • Annual Vacation Pay Vacation pay shall be paid at the regular hourly rate of the Nurse in effect immediately prior to the Nurse taking vacation.

  • Vacation Pay (d) Paid Union leaves. All other payments, premiums, allowances etc. are excluded.

  • Part-time Vacation Pay If the Employer currently has the computer systems’ capability to implement bi- weekly vacation pay, they shall do so by the start of the next vacation year or earlier. Those Employers with no computer capability will endeavour to implement bi- weekly vacation pay if there is no significant administrative burden, by the start of the next vacation year or earlier. If the Employer does not so implement, it will provide reasons in writing to the Union. Where possible without extensive programming changes, the amount of vacation pay will be separately identified on the pay stub.

  • Calculation of Vacation Pay Vacation pay shall be at the rate effective immediately prior to the vacation period. However, should any salary increase become effective during the employee's vacation period, he/she shall receive the benefit of such increase from the effective date.

  • 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.

  • VACATION 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 Benefit Plan. Income tax shall be deducted weekly from the employee's earnings increased by the amount of vacation pay.

  • Vacation Benefits During the Term, the Executive shall be eligible for 20 vacation days annually, which shall be accrued and used in accordance with the applicable policies of the Company. During the Term, the Executive shall be eligible to participate in such medical, dental and life insurance, retirement and other plans as the Company may have or establish from time to time on terms and conditions applicable to other senior executives of the Company generally. The foregoing, however, shall not be construed to require the Company to establish any such plans or to prevent the modification or termination of such plans once established.

  • Sick Leave Payment Any employee, at his/her option may choose to receive payment for sick leave earned during the year which is unused at the end of the year. Any such payment must be for the total number of unused sick leave hours earned during the year, must be based on the hourly rate of pay of the employee multiplied by 50 percent, and all hours for which payment is received must be deducted from the employee’s accumulated leave balance. Sick leave used during a current year will be charged against the most recently earned sick leave. Hourly rate of pay is the hourly rate at the end of the contract year.

  • Vacation Bonus Employees shall receive one day's base pay (or adjusted earnings) for each year of service beyond twenty-five (25) years, to a maximum of ten (10) days’ pay.

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