Vacation Pay Reduction Sample Clauses

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 9.01 All employees who are covered under this agreement shall receive as vacation pay in accordance with the schedule under Article 9.04, the appropriate percentage of the employee's total earnings exclusive of the Employer's contribution to the Union's Benefit Plan. 9.02 When vacations are requested by more employees than can be reasonably scheduled to be away at any one time and still carry on efficient company operations, then the choice of those employees permitted to take their vacation will be insofar as possible based on customer requirements, efficient operation of the Shop, ability of employees to perform available work and length of service of the employees. 9.03 The Employer shall post annually during January a sheet on which employees may choose their vacation period. This list shall be completed by the employees no later than May 1. Any employee failing to select vacation time by May 1 will be deemed to have forfeited their privilege based on service credit, at that time, for vacation selection purposes. The Employer shall post the final vacation schedule no later than May 31. Any request for further changes to the final schedule must be made to the Employer giving the Employer at least four (4) weeks’ notice. 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 that holiday at the end of the vacation period. This will be scheduled at the time the employee schedules his vacation. 9.04 Employees shall receive vacation time if requested in accordance with the provisions outlined below. Generally, two weeks may be taken in June, July and August, but with advance notice (per Article 9.03) and as mutually agreed, more may be taken. LENGTH OF SERVICE BASED ON DATE OF HIRING (as of July 1st of the current year) Vacation Pay Vacation Time 0 – 3 Months 4% 2 weeks After 3 Months 10% 3 weeks 9.05 The above amounts of vacation pay are remitted to the Union office with the regular monthly remittance.

  • 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.