Xxxxx of Paid Time Off on Holidays Sample Clauses

Xxxxx of Paid Time Off on Holidays. If a holiday falls on a regularly scheduled day to work and the employee does not work – the number of hours of the employee's regular shift shall be deducted from the PTO bank. If a holiday falls on a regularly scheduled day to work and the employee works--no time will be deducted from the PTO bank. Employee is paid time and one-half (1 1/2) for all hours worked. At employee's option, with concurrent written notice to the payroll section, an employee may deduct the number of hours in his/her regular shift from PTO and thus be paid at straight time for deducted hours in addition to holiday worked pay. If a holiday falls on a scheduled day off and the employee does not work--there will be no deduction from the PTO bank. If a holiday falls on a scheduled day off and the employee works—there will be no deduction from the PTO bank and the employee shall be paid time and one-half (1 1/2) for all hours worked.
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Related to Xxxxx of Paid Time Off on Holidays

  • Paid Time Off (PTO) Executive shall earn and accrue paid-time-off covering vacation and sick time benefits at the rate of twenty (20) days per year for employment periods of up to five years of service. The PTO accrual rate shall automatically increase by five (5) additional days for each additional 5 years of service up to maximum of thirty (30) days per year after 10 years of service. For example, after five years of service, the annual PTO accrual rate shall increase to twenty-five (25) days. Unused PTO shall carry over to the next year, but Executive shall cease accruing further PTO at any time Executive has accrued two times his annual accrual rate. Unused PTO days which are not in excess of two-times the annual accrual rate shall be paid in a cash lump sum payment promptly after Executive’s termination of employment.

  • Premium Holidays If the employer receives a premium holiday(s), the employees shall not be required to pay their portion of the premium(s) for the holiday month(s).

  • Paid Time Off The Executive shall be entitled to take paid time off in accordance with the Company’s applicable paid time off policy for executives, as may be in effect from time to time.

  • PAID HOLIDAYS 12.01 (a) A full-time employee who otherwise qualifies hereunder shall receive the following paid holidays: New Year's Day (Jan. 1st) Labour Day 3rd Monday in February Thanksgiving Day Easter Monday Remembrance Day (Nov.11th) Good Friday Christmas Day (Dec. 25th) Victoria Day Boxing Day (Dec. 26th) Canada Day (July 1st) Civic Holiday

  • Paid Holidays – Long Weekends (a) When an employee is scheduled to work a weekend where a paid holiday falls on the Monday or the Friday, the Employer shall endeavour to also schedule the employee to work the paid holiday.

  • Unpaid Time Off All accruals must be exhausted prior to taking unpaid time off (unless eligible for EIT access).

  • Work on Holidays An employee who is required to work, or works with prior approval, any part of a holiday shall receive holiday compensatory time for up to eight (8) hours, on an hour for hour basis, for the actual non-overtime hours worked in addition to their regular rate of pay. An employee who works overtime on a holiday shall be compensated in accordance with all applicable pay and overtime provisions. An employee must use holiday compensatory time within one (1) year after having accrued that time.

  • STATUTORY HOLIDAYS 12.01 The following holidays shall be recognized as legal holidays: New Year’s Day Labour Day Good Friday Thanksgiving Day Victoria Day Christmas Day Dominion Day Boxing Day Civic Holiday

  • Work on a Paid Holiday A) Regular Employee

  • Vacation/Holidays The Executive shall be entitled to all public holidays observed by the Company and vacation days in accordance with the applicable vacation policies for senior executives of the Company, which shall be taken at a reasonable time or times.

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