Vacation Pay definition

Vacation Pay means a lump sum payment for accrued leave in a Vacation
Vacation Pay means an amount of money that is payable to an employee pursuant to section 2-27;
Vacation Pay means remuneration paid by an employer to an employee for time away from work provided by an employer to an employee to use for any reason the employee chooses but does not include leave for sick pay, compensatory time, holiday, or other special leave.

Examples of Vacation Pay in a sentence

  • It is understood and agreed that four percent (4%) of the gross wages is to be considered Vacation Pay and six percent (6%) of the gross wages is to be in lieu of Statutory Holiday Pay.

  • Vacation Pay: 8% for persons with 5 or more years of service, 6% for persons with less than 5 years of service.

  • Employees with five (5) or more years' service as at March 1st of the current year shall receive Vacation Pay Allowance of six (6%) percent of their earnings during the previous calendar year.

  • The same basic information is required for the J.T.A.C., Industry Fund, Benefits Trust Fund, Pension Trust Fund, Vacation Pay and Statutory Holiday Pay Trust Fund, Union Dues Check-Off, Union Field Dues and RRSP deductions.

  • Such remittances shall go into a Fund known as the Vacation Pay Trust Fund.


More Definitions of Vacation Pay

Vacation Pay in this Article shall mean 4% of the earnings received from the Company for all work done by the employee in the preceding calendar year if he is entitled to two weeks' vacation with pay, to 6% of such earnings if he is entitled to three weeks' vacation with pay, to 8% of such earnings if he is entitled to four weeks' vacation with pay, to 10% of such earnings if he is entitled to five weeks' vacation with pay, and to 12% of such earnings if he is entitled to six weeks' vacation with pay, and to 14% of such earnings if he is entitled to seven weeks' vacation with pay.
Vacation Pay means a lump sum payment equal to the Employee's unused vacation days and holidays remaining in the calendar year of termination times a fraction, the numerator of which shall be Employee's Compensation and the denominator of which shall be 260, payable within thirty (30) days after termination of employment.
Vacation Pay is the compensation an employee receives while taking their vacation entitlement. Based on a percentage of the employee's straight-time pay in the vacation accrual year.
Vacation Pay. Pay for vacation days for all bargaining unit employees shall be the same as that which the employee would have received had they been on a working status.
Vacation Pay. Employees who have one (1) year of service or more by June 1st may take their vacation and receive their vacation pay at any time from January 1st to December 31st. Employees who have at least six (6) months service, but less than one (1) year, by June 1st, may take their vacation at any time from January 1st to December 31st, but will not receive their vacation pay prior to June 1st.
Vacation Pay means the Daily Wage payable during the Vacation Leave; and
Vacation Pay is the percentage of total wages earned during the year in respect of which the employee becomes entitled to an annual vacation. Regular employees will continue to accrue vacation pay for work missed while in receipt of Workers' Compensation Board time-loss benefits up to a maximum period of twenty- six (26) weeks, provided the employee returns to full-time employment.