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.
