VACATION PAY (Note Clause Samples

VACATION PAY (Note applies to 18.01 and 18.02) (a) All Associates with two (2) or fewer weeks of vacation entitlement shall receive vacation pay based on 4% of their base pay for hours worked in the current year including sick pay, statutory holiday pay and vacation pay and 4% of their overtime pay, premium payments and any retroactive adjustments earned in the current year. (b) All Associates with three (3) weeks of vacation entitlement shall receive vacation pay based on 5.769% of their base pay for hours worked in the current year including sick pay, statutory holiday pay and vacation pay and 4% of their overtime pay, premium payments and any retroactive adjustments earned in the current year. (c) All Associates with four (4) weeks vacation entitlement shall receive vacation pay based on 7.692% of their base pay for hours worked in the current year including sick pay, statutory holiday pay and vacation pay and 4% of their overtime pay, premium payments and any retroactive adjustments earned in the current year. (d) Associates with five (5) weeks vacation entitlement shall receive vacation pay based on 9.615% of their base pay for hours worked in the current year including sick pay, statutory holiday pay and vacation pay and 4% of their overtime pay, premium payments and any retroactive adjustments earned in the current year. (e) Associates with six (6) weeks vacation entitlement shall receive vacation pay based on 11.538% of their base pay for hours worked in the current year including sick pay, statutory holiday pay and vacation pay and 4% of their overtime pay, premium payments and any retroactive adjustments earned in the current year.