Common use of Floating Holidays Clause in Contracts

Floating Holidays. A. Employees will receive four (4) five (5) floating holidays each year. The proration of hours for holiday pay for Core Holidays will apply to floating holidays. B. PTO eligible employees will receive two (2) three (3) floating holidays on January 1 for use by June 30, and two (2) floating holidays on July 1 for use by December 31.(starting in 2022) C. Employees, who are on an unpaid leave of absence on the grant date, will receive a holiday grant depending upon when the employee returns. If the employee returns during the months of January – March or July – September, he will receive a full bi-annual grant. If an employee returns during the months of April – June or October – December, the employee will receive half of the bi-annual grant. D. Floating holidays must be used within the period granted and will expire after June 30 and December 31, respectively; unused days do not carry over to the next grant period. The Red Cross will endeavor through the time off request process as managed by AP&S and Management, to apply available floating holiday time prior applying accrued and unused PTO time, upon employee request. E. Floating holidays are paid at the employee’s regular rate of pay, may be used in one-hour increments and are required to be scheduled and approved in advance. For Collections Employees, floating holidays may be used to supplement regularly scheduled weekly hours not to exceed forty-hours in one week. F. Employees cannot receive both floating holiday pay and regular pay for the same day. G. Floating holidays are not paid out at termination of employment, unless required by state law.

Floating Holidays. A. Employees will receive four (4) five (5) floating holidays each year. The proration of hours for holiday pay for Core Holidays will apply to floating holidays. B. PTO eligible employees will receive two (2) three (3) floating holidays on January 1 for use by June 30, and two (2) floating holidays on July 1 for use by December 31.(starting 31 (starting in 2022). C. Employees, who are on an unpaid leave of absence on the grant date, will receive a holiday grant depending upon when the employee returns. If the employee returns during the months of January – March or July – September, he will receive a full bi-annual grant. If an employee returns during the months of April – June or October – December, the employee will receive half of the bi-bi- annual grant. D. Floating holidays must be used within the period granted and will expire after June 30 and December 31, respectively; unused days do not carry over to the next grant period. The Red Cross will endeavor through the time off request process as managed by AP&S and Management, to apply available floating holiday time prior to applying accrued and unused PTO time, upon employee request. E. Floating holidays are paid at the employee’s regular rate of pay, may be used in one-hour increments increments, and are required to be scheduled and approved in advance. For Collections Employees, floating holidays may be used to supplement regularly scheduled weekly hours not to exceed forty-hours in one week. F. Employees cannot receive both floating holiday pay and regular pay for the same day. G. Floating holidays are not paid out at termination of employment, unless required by state law.