Common use of Calculation of Entitlement Clause in Contracts

Calculation of Entitlement. Each Employee will accumulate payment for Student Vacation Periods (their “SVP Balance”) in hours, progressively throughout the term time worked by the Employee in each School Year subject to the following provisions: (a) The rate of accumulation is determined by the SVP Ratio. The SVP Ratio for a School Year is determined by dividing the total number of weekdays falling within student vacation periods by the total number of weekdays falling during term time. For the purposes of this calculation, public holidays falling on a weekday are counted as weekdays; (b) For the 2015 school year the SVP Ratio is 0.292 (being 59 weekdays falling within student vacation periods divided by 202 weekdays falling during term time); (c) For the 2016 school year the SVP Ratio is 0.279 (being 57 weekdays falling within student vacation periods divided by 204 weekdays falling during term time); (d) For every hour worked by an Employee during term time, that Employee’s SVP Balance will be increased by the amount of the SVP Ratio for that school year. For example, an Employee who works 10 hours will accumulate 2.92 hours to their SVP Balance in 2015; (e) For each hour an Employee is paid during a student vacation period, an hour will be deducted from the Employee’s SVP Balance.

Calculation of Entitlement. Each Employee will accumulate payment for Student Vacation Periods (their “SVP Balance”) in hours, progressively throughout the term time worked by the Employee in each School Year subject to the following provisions: (a) The rate of accumulation is determined by the SVP Ratio. The SVP Ratio for a School Year is determined by dividing the total number of weekdays falling within student vacation periods by the total number of weekdays falling during term time. For the purposes of this calculation, public holidays falling on a weekday are counted as weekdays; (b) For the 2015 2023 school year the SVP Ratio is 0.292 0.297 (being 59 60 weekdays falling within student vacation periods divided by 202 weekdays falling during term time); (c) For the 2016 2024 school year the SVP Ratio is 0.279 0.289 (being 57 59 weekdays falling within student vacation periods divided by 204 weekdays falling during term time); (d) For every hour worked by an Employee during term time, that Employee’s SVP Balance will be increased by the amount of the SVP Ratio for that school year. For example, an Employee who works 10 hours will accumulate 2.92 2.97 hours to their SVP Balance in 2015;2023. (e) For each hour an Employee is paid during a student vacation period, an hour will be deducted from the Employee’s SVP Balance.