Vacation Bonus definition
Examples of Vacation Bonus in a sentence
Employees who have three (3) or more years of continuous service will be paid a Vacation Bonus of 20% of their actual (pro-rated) vacation pay entitlement.
The Parties confirm and agree that probationary employees are not entitled to the benefits covered by the language of Articles 8.3 (Floating Holidays); 9.5 (2% Vacation Bonus); 10.2 (Bereavement Leave); 10.6 (Jury Duty Pay); 11 (Sick Leave); 11.2 and Appendix “C” (Health & Welfare Plan);11.4 (Pension Plan); 11.5 (E.I. Premium Reduction); 11.6 (Savings Plan) and 23.1 (Eye Examinations), of the collective agreement during their probationary period.
To encourage Employees to take their vacations during the months of December, January, February, and March, a Vacation Bonus of per full week of vacation taken, will be paid to employees who take their vacation entitlement dur- ing the aforesaid months.
The actual retail value of the Vacation Bonus will vary depending on the destination chosen by Developer.
The Vacation Bonus will consist of $20,000 USD (up to a maximum of $5,000 USD per person) towards a vacation for Developer (if Developer is an individual) and three companions, or if the Developer is a legal entity, up to four (4) members of the Developer’s team.
Vacation Bonus Employees shall receive one day’sbase pay (or adjusted earnings) for each year of service beyond twenty-five (25) years, to a maximum of ten (10) days’ pay.
Length of Service Vacation Bonus Longevity Bonus 10 years but less than 15 $250 $275 15 years but less than 20 $500 $575 20 or more years $600 $750 Registered Nurses who have completed twenty (20) years of service, but who are not eligible for either the reduced weekend commitment or scheduled days off pursuant to Article $1000.
G Vacations, Vacation Bonus H Zones for Stewards I Insurance Programs .
In such case, ▇▇▇▇▇▇’s liability will be limited to awarding the remainder of the already confirmed Vacation Bonus components, if applicable.
For the purpose of this agreement, the probationary period includes only those articles concerning Article VI, Wages; Article X, Sick Leave; Article XII, Holidays; Article XIV, Vacation Bonus; Article XV, Medical Fringe Benefits; Article XVI, Vacation; Article XVII, Funeral Leave and Article XXIII, Pay Check Policy.