Sell Back. In lieu of taking a banked Statutory Holiday, an employee shall be entitled to a payment equal to the amount defined in the preamble of this letter. Such payment shall be paid on the next appropriate pay day. On the day following the end of pay period #6 of each year, any remaining banked Statutory Holidays accumulated during the previous payroll year will be deemed to have been sold back. This paragraph does not apply to the employees in Kemano. Crew employees will be permitted to have their banked statutory holidays carried forward to enable them to schedule complete shift rotations off as per Kemano Letter of Understanding dated 21 July 2000. Where Statutory Holidays are deemed to have been sold back, the employee shall be entitled, on their next regular pay day, to a payment calculated in accordance with the preamble of this letter.
Appears in 5 contracts
Samples: Collective Labour Agreement, Collective Labour Agreement, Collective Labour Agreement
