Floating Holidays definition

Floating Holidays not used by December 31st of the year in which it was received shall not carry over into the following year and may not be redeemed for monetary compensation at any time. In the event an employee follows the appropriate notice requirements and is denied the use of his/her “floating holiday(s)” and as a result is unable to use the “floating holiday(s)” by the end of the calendar year, that employee may carry over his/her “floating holiday(s)” to the next calendar year. Any “floating holiday(s)” carried over must be used by December 31st of the following year.
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Floating Holidays. The Court shall annually review the possibility of exchanging a judicial holiday for a floating holiday. The Court is not obligated to permit such an exchange; only to review the concept and allow it i f it is feasible. The Court shall review other Courts' holiday structure and consider whether any changes should be proposed.
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Floating Holidays three floating holidays after weeks' continuous service. Sick Leave. credits for one-half day at pay for each month of
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Examples of Floating Holidays in a sentence

  • Floating Holidays may be taken in hourly increments up to and including the number of hours contained in the employee’s regular shift.

  • Section 1: Floating Holidays There shall be granted annually five (5) Special (Personal) Floating Holidays with pay to regular full-time employees, such special holidays to be arranged at a time suitable to the employee and the Company, during the contract year, so that there will be no loss of production.

  • Legal and Floating Holidays Legal and floating holidays each provide eight (8) hours of paid time off regardless of an employee’s work schedule.

  • Unlike other Authorized Holidays, Management cannot require an employee to work on his/her Designated Holiday or Floating Holidays.

  • At retirement or termination from the Company, an employee shall be entitled to pay for Supplementary Special (Personal) Floating Holidays earned by completion of one or more five (5) year periods of service, but not taken, and to that portion of Supplementary Special (Personal) Floating Holiday pay proportionate to the number of years of service completed subsequent to his last five (5) year entitlement period.

  • Section 1: Five-Year Service After completing five (5) years of continuous service with the Company, an employee shall, in addition to the Special (Personal) Floating Holidays to which they are entitled under Article XIII of the Agreement, be entitled to one (1) Special (Personal) Floating Holiday with pay each contract year, such special holiday to be arranged at a time suitable to the employee and the Company, during the contract year, so that there will be no loss of production.

  • An employee may elect to take his Supplementary Special (Personal) Floating Holidays as a vacation after completing five (5) years of continuous service with the Company.

  • An eligible employee will designate three (3) days in the same calendar year, or prior to April 1 of the fol- lowing year, other than a Sunday or another Authorized Holiday, for the days to be observed as the employee’s Designated Holiday and Floating Holidays.

  • Ten (10) Authorized Holidays shall be observed as follows: New Year’s Day Christmas Day Memorial Day Designated Holiday Independence Day (See Note below) Labor Day Two (2) Floating Holidays Thanksgiving Day (See Note below) Day After Thanksgiving Note: Each employee who could complete six (6) months of service within the calendar year shall be eligible for one (1) Designated Holiday and two (2) Floating Holi- days.

  • If an employee elects to take his Supplementary Special (Personal) Floating Holidays as a vacation, it may be taken in conjunction with the regular vacation to which the employee is entitled provided such regular vacation is not scheduled to be taken during the months of July or August, in which event the Supplementary Vacation shall be taken at a time to be agreed upon by the Company and the employee.


More Definitions of Floating Holidays

Floating Holidays. In addition to the holidays stipulated in Section 1 above, upon completion of one (1) year’s service, an employee will be entitled to three (3) paid holidays in each year of service thereafter. These will be known as “floating” holidays to be taken at a time mutually agreeable to the Employer and the employee on a first request basis, without regard to seniority. Floating holidays cannot be carried over into the next calendar year.
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Floating Holidays. The floating holidays shall be taken by eligible employees as follows: Employees must request scheduling preference of floating holidays two (2) weeks in advance. The actual day selected shall be by mutual agreement. Any floating holidays not scheduled by September 1 of each year shall be assigned or paid by the Employer before December 31 of each year. The Employer will approve a minimum of one (1) floating holiday per day per department in any week by seniority. Floating holidays shall not be taken in a week which contains another holiday, unless mutually agreed. Employees must be on the payroll on January 1 of each year to be eligible for the floating holidays for that calendar year. Part-Time Employees: Part-time employees shall receive holiday pay based on the average number of hours worked during the week prior to the holiday week and the week in which the holiday occurs according to the following schedule: Average hours Holiday pay 20 to 24 hours 4 hours 25 to 31 hours 6 hours 32 and over 8 hours Requirements: No employee shall receive pay for any holidays not worked unless such employee has reported for work on his or her regular working day next preceding, the day of, and next following said holiday. Employees shall be deemed to have reported for work if absence on said day before and the said day after said holiday is due to express permission from or action of the Employer and/or Employer's representative, and also in case of certified illness, provided the employee has worked during the holiday week. Employees on leave of absence are not eligible for holiday pay. Full-time employees normally working four (4), ten (10) hour shifts, shall work/be scheduled a minimum of four (4), eight (8) hour shifts in a holiday workweek exclusive of work performed on the holiday.
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Floating Holidays. The First Selectman will make every effort to designate the Floating Holiday on or before July 1st of the fiscal year.
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Floating Holidays. Two floating holidays shall be credited to bargaining unit employees on July 1 of each year of the Agreement. New employees hired between January 1 to June 30 shall be credited with one floating holiday. Supervisors must pre- approve the scheduling of floating holidays. Floating holidays must be used in the fiscal year and cannot be carried over. Floating holidays have no cash value other than as payment for a day taken off that an employee would otherwise work. Such holidays may not be sold back to the County. Floating holidays are not required to be used as whole day absences. In addition to the above-approved holidays, employees will be granted any day declared or approved by the County Court.
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Floating Holidays shall be arranged at a time agreeable to the employees and management, taking into full consideration work force requirements and work conditions. If two employees designated the same days as their floating holiday, it shall be awarded to the employee with the most seniority. This time may be used in one hour increments.
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Related to Floating Holidays

  • Public Holidays means those days declared as public holidays in accordance with the Holidays Act 1983.

  • NERC Holidays means a holiday as defined by the North American Electric Reliability Corporation or any successor thereto.

  • Legal Holidays has the meaning specified in Section 1.14.

  • Holidays shall be deemed to mean and include New Year’s Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day and Christmas Day.

  • Statutory Holiday means New Year’s Day, Family Day, Good Friday, Victoria Day, Canada Day, Civic Holiday, Labour Day, Thanksgiving Day, Christmas Day, and Boxing Day; and

  • public holiday means any day that is a public holiday in terms of the Public Holiday Act, 1994 (Act No. 36 of 1994);

  • General Holiday means every Sunday and any other day which is a

  • Holiday means the twenty-four (24) hour period commencing at 0001 hours of a day designated as a paid holiday in this Agreement.

  • Floating Rate Period has the meaning set forth in section 2.5(b)(ii) hereof.

  • Bank Holiday means any day other than a Saturday or Sunday on which banks in the City of London are not open for business;

  • Weekend means a Saturday and the following Sunday, assuring a minimum of fifty-six (56) hours off duty;

  • Weekday means Monday – Friday.

  • Floating Rate Interest Period means, during the Floating Rate Period, the period beginning on (and including) a Floating Rate Period Interest Payment Date and ending on (but excluding) the next succeeding Floating Rate Period Interest Payment Date; provided that the first Floating Rate Interest Period will begin on (and include) April 18, 2025 and will end on (but exclude) the first Floating Rate Period Interest Payment Date.

  • Afternoon shift means any shift finishing after 6.00 p.m. and at or before midnight.

  • Floating Rate Convention means that each relevant date shall be the date which numerically corresponds to the preceding such date in the calendar month which is the number of months specified in the applicable Final Terms as the Specified Period after the calendar month in which the preceding such date occurred; provided, however, that:

  • Unscheduled Holiday means a day that is not a Settlement Business Day and the market was not aware of such fact (by means of a public announcement or by reference to other publicly available information) until a time later than 9:00 a.m. local time in the principal financial centre of the Specified Currency two Settlement Business Days prior to the relevant Rate Fixing Date. As soon as the Calculation Agent is aware of such an Unscheduled Holiday, they shall inform the Issuer promptly.

  • LIBOR Banking Day has the meaning set forth in Section 2.10(b)(1).

  • Sunday means all the time between midnight Saturday and midnight Sunday.

  • Floating Rate Calculation Date means, for any Quarterly Floating Rate Period, the 30th day prior to the first day of such Quarterly Floating Rate Period.

  • Quotation Date means, in relation to any Interest Period (or any other period for which an interest rate is to be determined under any provision of a Finance Document), the day on which quotations would ordinarily be given by leading banks in the London Interbank Market for deposits in the currency in relation to which such rate is to be determined for delivery on the first day of that Interest Period or other period;

  • TARGET2 Business Day means, a day in which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) System or any successor is open.

  • Working Day means any day other than a Saturday or Sunday or public holiday in England and Wales.

  • CB Floating Rate means the Prime Rate; provided that the CB Floating Rate shall never be less than the Adjusted One Month LIBOR Rate on such day (or if such day is not a Business Day, the immediately preceding Business Day). Any change in the CB Floating Rate due to a change in the Prime Rate or the Adjusted One Month LIBOR Rate shall be effective from and including the effective date of such change in the Prime Rate or the Adjusted One Month LIBOR Rate, respectively.

  • Quarterly Floating Rate Period means, for the initial Quarterly Floating Rate Period, the period commencing on March 20, 2020 and ending on and including June 19, 2020, and thereafter the period from and including the day immediately following the end of the immediately preceding Quarterly Floating Rate Period to but excluding the next succeeding Quarterly Commencement Date.

  • New York City Banking Day means any day on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency deposits) in New York City;

  • Floating Rate Advance means an Advance which bears interest at the Floating Rate.