Vacation Pay Reduction Clause Examples

Vacation Pay Reduction. (a) Vacation pay shall be reduced on a pro-rated basis if an employee is absent for more than a total of fifteen (15) working days due to temporary lay-off, GDOs, weekly indemnity, long-term disability, unauthorized absence, or unpaid leave of absence. The first fifteen (15) working days absence for any one or more of the above reasons shall not be counted when determining the pro-rated reduction of vacation pay due to such absences. (b) Vacation pay shall be reduced on a pro-rated basis if an employee is absent for more than a total of thirty (30) working days due to Workers’ Compensation claims.
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Vacation Pay Reduction. (a) Vacation pay shall be reduced on a pro-rated basis if an employee is absent for more than a total of fifteen (15) days due to temporary lay-off, G.D.O.'s, weekly indemnity, long-term disability, unauthorized absence, or unpaid leave of absence. The first fifteen
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Vacation Pay Reduction. There shall be no reduction in vacation pay where an employee has been absent the previous year for periods of sixty paid (work) days or less . Effective December 15, 2009, this excludes absence from work of a full-time President of ATU Local, 741 .
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Vacation Pay Reduction. There shall be no reduction in vacation pay where an employee has been absent the previous year for periods of paid (work) days or less. Effective December this excludes absence from work of a Full Time President of Local For periods of absence in excess of paid days, the following formula will apply to determine the vacation pay (hours) reduction. base paid days per year equal to days or payroll hours per year. Base paid days are calculated as follows: days minus threshold days, for the purpose of determining vacation pay reduction only, equal to paid days or hours; actual lost time to be expressed in paid days, noting a paid day is based on hours EXAMPLE: BASE PAID DAYS DAYS (2,016 HOURS) THRESHOLD DAYS (480 HOURS) ACTUAL LOST TIME DAYS (800 HOURS) CURRENT VACATION TIME WEEKS (1 HOURS) X = ELIGIBLE VACATION TIME EQUAL TO OF CURRENT VACATION TIME LOST VACATION TIME EQUAL TO OF CURRENT VACATION TIME LOST VACATION TIME EQUAL TO TIMES HOURS OR HOURS HOURS TIMES WAGE RATE = LOST VACATION PAY The results of the formula will be rounded to the nearest full hour. Vacation pay reduction will not reduce entitlement below two weeks (SO hours). Effective with vacation observance, vacation pay reduction will not reduce entitlement by more than two weeks (SO hours). An employee will have the option of taking the lost vacation time without pay or working such time. That is, the employee will sign for all vacation entitlements but may elect to work some of the vacation time, to a maximum of the lost vacation pay.
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Related to Vacation Pay Reduction

  • Vacation Pay Paid Union leaves. All other payments, premiums, allowances etc. are excluded.

  • Vacation Payout Where an employee requests in writing to have a specific number of vacation days paid out, and the Employer agrees to the request, the Employer will issue pay in lieu of vacation. Pay in lieu of vacation, if agreed, will be granted only after a minimum of 15 days' vacation time has already been taken in the year.

  • Vacation Benefits During the Term, the Executive shall be eligible for 20 vacation days annually, which shall be accrued and used in accordance with the applicable policies of the Company. During the Term, the Executive shall be eligible to participate in such medical, dental and life insurance, retirement and other plans as the Company may have or establish from time to time on terms and conditions applicable to other senior executives of the Company generally. The foregoing, however, shall not be construed to require the Company to establish any such plans or to prevent the modification or termination of such plans once established.

  • VACATION AND VACATION PAY a. Vacation and vacation pay shall be based upon the employee’s years of service, as of July 1st of the current year in accordance with the following schedule: 0 – 5 years 2 weeks 10% 5 years to 10 years 3 weeks 10% 10 years to 15 years 4 weeks 11% 15 years to 20 years 4 weeks 12% 20 years or more 5 weeks 13% b. Vacation pay is the indicated percentage of an employee’s total earnings. An employee’s total earnings is, for the purpose of calculating vacation pay, exclusive of Employer’s contributions to the Union’s Benefit Plan. Income tax shall be deducted bi-weekly from the employee’s earnings increased by the amount of vacation pay. a. A blank schedule will be posted each January 1st and all employees will have until February 28th each year to provide the Employer in writing with up to two (2) weeks of their vacation time. The Employer shall post an approved vacation schedule no later than March 10th. Any conflict with regard to too many requests for the same time off shall be decided on the basis of seniority. b. After March 10th, any employee with more than two (2) weeks’ vacation entitlement shall have until March 20th to provide a written request to the Employer for the remainder of their vacation entitlement. Any conflict will be decided by seniority. c. Requests received after either March 10th or March 20th, as the case may be, will be treated on a “first come, first served” basis. d. If an employee fails to provide, or decides to change their vacation dates after March 20th, a minimum of three (3) weeks’ written notice must be given to the Employer. e. If a statutory holiday as listed under Article 10.01 falls during an employee’s vacation time, the employee will have the option to take the holiday at the end of the vacation period. This must be scheduled when the employee schedules their vacation time. f. The Union and the Employer understand and agree that any one (1) employee may be limited to taking two (2) consecutive weeks of vacation time off. 9.03 The Employer agrees to remit the Vacation Pay of each employee, as agreed upon in 9.01 of this Agreement and in accordance with the regulation set by the Employment Standards Branch, Ministry of Labour, monthly before but not later than the fifteenth of the following month to the Union using a separate cheque marked "Vacation Pay" accompanied by a list on which all deductions and contributions as mentioned in 6.01, 12.02, and Schedule “A” are recorded. 9.04 In accordance with the agreement with the Employment Standards Branch, Ministry of Labour, the Board of Trustees is obligated to take any steps which may be available to them either in law or in equity or in bankruptcy as may be necessary or desirable to effect collection from delinquent Employers. All costs incurred in collection of said payment will be charged to such defaulting Employer. 9.05 The Employer agrees to give the auditor of the Union's Trust Fund the privilege to examine the Employer's records concerning hours and monies forwarded to the Union, if and when the auditor so desires. Any date for such an examination will be pre-arranged in writing between the auditor, the Employer and the Union.

  • Vacation Bonus Employees shall receive one day's base pay (or adjusted earnings) for each year of service beyond twenty-five (25) years, to a maximum of ten (10) days’ pay.