Banked Vacation Hours Clause Samples

Banked Vacation Hours. Any vacation hours earned by employees prior to July 1, 1996 as well as 16 hours in 2003 and 21 hours in 2012 per agreements between the Association and the District will remain vested to the employee and banked unless used by the employee and are exempt from the provisions in Sections 11 and12. The amounts in the 2003 and 2012 agreements will be pro-rated for unit members who work less than 40 hours per week.
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Banked Vacation Hours. 11.5.1 On July 1, 2002, a one-time vacation bank was created by employees with vacation in excess of that which could be earned in twelve (12) months. Vacation placed in this separate holding account under this section shall be referred to as “banked vacation.” No hours may be added to this one-time vacation. All remaining vacation outside of banked vacation shall be referred to as a unit member’s “vacation balance.” 11.5.2 Beginning July 1, 2002, any unit member with a vacation balance in excess of that allowed under 11. 6.1 shall not be eligible to accrue additional vacation days until the unit member reduces his/her vacation balance to an amount below the maximum allowed under 11. 6.1. As soon as the unit member reduces his/her vacation balance to an amount below that allowed under 11.6.1, said unit member shall begin accruing addition vacation at the rate specified in 11.6.1, up to the maximum allowed under 11.6.1 11.5.3 All vacation sought to be used by a unit member shall first be drawn from a unit member’s vacation balance. When a unit member’s vacation balance has been used in its entirety, any additional vacation sought to be used shall be drawn from a unit member’s banked vacation. 11.5.4 Subsequent to ratification of this Agreement, all classified employees who maintain banked and vacation balances shall meet in good faith with their supervisors to discuss a voluntary plan to take vacation on an accelerated basis in order to reduce their banked and vacation balance. Any classified employee who has banked vacation shall be provided notice of the number of days in the bank on or about July 1 of each year.
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Related to Banked Vacation Hours

  • Paid Vacation Except as otherwise provided in this Article, paid vacation shall be granted no later than the fiscal year immediately following the fiscal year in which it is earned. Following the completion of six (6) months of service, the employee shall be entitled to use earned paid vacation.

  • Vacation; Holidays During the Term, the Executive shall be entitled to take vacation and other holiday time in accordance with the policies applicable to senior executives of the Company generally.

  • Vacation, Holidays and Sick Leave During the Term, the Executive shall be entitled to paid vacation, paid holidays and sick leave in accordance with the Company's standard policies for its senior executive officers.

  • Accrued Vacation It is further agreed by the parties hereto that, upon sale or transfer of ownership of any store or upon dissolution of business, vacation pay for all months worked for which no vacation pay has been given shall be immediately paid to all employees coming under this Agreement, regardless of length of time said employee has been with the Employer.

  • Vacation; Sick Leave During the Employment Term, the Executive shall be entitled to not less than four (4) weeks of vacation during each calendar year and sick leave in accordance with the Company’s policies and practices with respect to its executives.