Vacation Reference Year Clause Samples

The Vacation Reference Year clause defines the specific 12-month period used to calculate and allocate an employee’s annual vacation entitlement. Typically, this period may align with the calendar year or the employer’s fiscal year, and it determines when vacation time is earned and when it can be taken. By establishing a clear reference year, the clause ensures consistency in tracking vacation accruals and usage, preventing confusion or disputes about when vacation benefits are available.
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Vacation Reference Year. Effective April 1, 2013, the Company shall change the reference year for administering vacations to the calendar year. As a result, all vacation credits administered herein shall be administered on a pro-rated basis between April 1, 2013 and December 31, 2013. Thereafter, said credits shall be administered on a calendar year basis.
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Related to Vacation Reference Year

  • Vacation Period ‌ The choice of vacation periods shall be granted to employees on the basis of seniority with the Employer except where the period requested would be detrimental to the operation of the Employer.

  • Vacation Year The vacation year shall be April 1 to March 31, inclusive.

  • Prime Time Vacation Period Subject to the provisions of this article, it is the intent of the parties that no employee will be restricted in the time of year they choose to take their vacation. The Employer will make every effort to allow employees to take their vacation during the period of April 15th to October 15th inclusive, which will be defined as the prime time vacation period.

  • Vacation; Paid Time Off During the Employment Term, the Executive shall be entitled to fifteen (15) paid vacation days per calendar year (prorated for partial years) in accordance with the Company’s vacation policies, as in effect from time to time that is at least as favorable as that provided to other similarly situated executives of the Company. The Executive shall receive other paid time-off in accordance with the Company’s policies for executive officers as such policies may exist from time to time.

  • Vacation Earnings for Partial Years ‌ (a) During the first partial year of service a new employee will earn vacation at the rate of one and one-quarter days for each month for which they earn 10 days' pay. (b) During the first and subsequent vacation years an employee will earn one-twelfth of the annual entitlement for each month in which the employee has received at least 10 days' pay at straight-time rates. Where an employee has taken more vacation than earned, the unearned portion taken shall be charged against future earned credits or recovered upon termination whichever occurs first.