Computing Vacation with Pay Sample Clauses

Computing Vacation with Pay. (a) The vacation earning year shall be from June 1 of each year to May 31 of the subsequent year. An employee's eligibility date shall be May 31 of each year. No later than January 1, 2009 vacation shall be earned and may be taken on a monthly basis. However, an employee will be required to retain sufficient vacation credits to cover up to a two (2) week plant shutdown period in accordance with section 8.4.
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Computing Vacation with Pay. (a) The vacation earning year shall be from June 1 of each year to May 31 of the subsequent year. An employee's eligibility date shall be May 31 of each year . Vacation shall be earned and may be taken on a monthly basis. However, an employee will be required to retain sufficient vacation credits to cover up to a two (2) week plant shutdown period in accordance with section 8.4. (b) Credit toward vacation with pay and/or pro rata vacation pay will be allowed for a month in which active service (hire, rehire or recall from layoff status) begins on or before the 16th day and for a month in which the active service is interrupted by termination, retirement or layoff on or after the 15th day.
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Related to Computing Vacation with Pay

  • VACATION WITH PAY 21.01 Each employee shall receive a vacation allowance on their gross wages in accordance with the schedule as set out in the appropriate Provincial Appendix, which shall be included in their weekly pay. 21.02 This pay allowance shall be applied to gross wages for all hours worked including: overtime and shift premium; and also to waiting and reporting time per Article 18.00; daily travel time per Article 19.01 (where applicable) and travel time per Article 19.02 (where applicable).

  • Vacation Year The vacation year shall be April 1 to March 31, inclusive.

  • Annual Adjustments Base Rent shall be increased on each annual anniversary of the first day of the first full month during the Term of this Lease (each an “Adjustment Date”) by multiplying the Base Rent payable immediately before such Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable immediately before such Adjustment Date. Base Rent, as so adjusted, shall thereafter be due as provided herein. Base Rent adjustments for any fractional calendar month shall be prorated.

  • Part-time Vacation Pay If the Employer currently has the computer systems’ capability to implement bi- weekly vacation pay, they shall do so by the start of the next vacation year or earlier. Those Employers with no computer capability will endeavour to implement bi- weekly vacation pay if there is no significant administrative burden, by the start of the next vacation year or earlier. If the Employer does not so implement, it will provide reasons in writing to the Union. Where possible without extensive programming changes, the amount of vacation pay will be separately identified on the pay stub.

  • Annual Adjustment From January 1 of the next year, the loan interest rate shall be adjusted, on the basis of the LPR recently published, in accordance with the increased or decreased percentage points agreed herein;