Vacation Pay Payment Clause Samples
The Vacation Pay Payment clause outlines how and when employees are compensated for accrued vacation time. Typically, this clause specifies whether vacation pay is provided during employment, upon taking vacation, or at the end of employment, and may detail calculation methods or eligibility requirements. Its core function is to ensure employees receive appropriate compensation for earned vacation, providing clarity and preventing disputes over payment of unused vacation time.
Vacation Pay Payment. Vacation time may be paid once per quarter following the Associate’s anniversary date of hire. Payment will be made in a single payment within two (2) pay periods following the request made in writing to Human Resources. Said deferral may be in forty (40) hour increments, but not less than forty (40) hours. The actual day(s) utilized for vacation (that have been paid) shall, accordingly, be unpaid. Payment will be made at the Associate’s rate of pay on the day prior to the anniversary hire date.
Vacation Pay Payment. (a) All Employees shall be paid vacation pay, accrued during the period January 1 to December 31 in a calendar year, on or before January 15th of the following calendar year. An Employee who is to be laid off may request payment of vacation pay, accrued from January 1 to the date of layoff in that calendar year, fourteen (14) calendar days prior to the date of such layoff.
(b) Employees shall have the option of retaining vacation pay or being paid the appropriate percentage basis as per Article 15.01
Vacation Pay Payment. Vacation pay is paid on the first pay period in July.
Vacation Pay Payment. Employees shall receive their vacation pay on a date not later than one (1) day previous to the date on which their vacations are scheduled to start.