Common use of Floating Days Clause in Contracts

Floating Days. (a) All full-time employees, and permanent part-time employees who have completed five (5) months service, excluding seasonal employees, shall be granted four (4) unrestricted floating days per calendar year. (b) Floating days shall be earned at a rate of two (2) day for each six (6) months worked for the periods January 1 to June 30 and July 1 to December 31. (c) Employees who become eligible between the beginning and the end of a six (6) month term will be given credit for the full term. Employees who complete only a part of a six (6) month term due to termination of employment, leave, or some other reason, shall be required to reimburse the Employer for payment received. Recovery of payment may be deducted from the Employee’s final paycheque. (d) Unrestricted floating days will be arranged by mutual agreement between the Employer and the employee. (e) Unrestricted floating days not taken during the calendar year shall be paid out at the fiscal year end and will be paid at the employee’s regular rate of pay.

Floating Days. (a) All Effective January 1, 2005, all full-time employees, and permanent part-time employees who have completed five (5) months service, excluding seasonal employees, shall be granted four two (42) unrestricted floating days per calendar year. (b) Floating days shall be earned at a rate of two one (21) day for each six (6) months worked for the periods January 1 1st to June 30 30th and July 1 1st to December 3131st. (c) Employees who become eligible between the beginning and the end of a six (6) month term will be given credit for the full term. Employees who complete only a part of a six (6) month term due to termination of employment, leave, or some other reason, shall be required to reimburse the Employer for payment received. Recovery of payment may be deducted from the Employee’s final paychequepay cheque. (d) Unrestricted floating days will be arranged by taken with mutual agreement between the Employer and the employeeby both Parties. (e) Unrestricted floating days not taken during the calendar year shall be paid out in pay at the fiscal year end and will be paid at the employee’s regular rate of pay.