Qualification and Computation for Vacation Pay Clause Samples

Qualification and Computation for Vacation Pay. (a) The hourly rate of the Employee's regular job, as provided for in Sections 1, 2, 3, 4, 5 and 6 above, shall mean the hourly rate of the Employee's regular job at the time the Employee takes the first two weeks or more of vacation after the cut-off date. (b) For the purposes of administration, the Company cut-off date shall be deemed to be the Employee's anniversary date for the vacation year. (i) In order to qualify for the greater of percentage of earnings or number of hours at the hourly rate of the Employee's regular job, as provided for in Sections 1, 2, 3, 4, 5 and 6 above, the Employee must have worked a minimum of fifteen hundred (1500) hours in his first year of service, and a minimum of one thousand (1000) hours during his succeeding years of entitlement. (ii) For purposes of calculating minimum hours as in (i) above, the calculation period shall be from the cut-off date in one year to the cut-off date in the succeeding year. (d) For purposes of computing the requisite hours, the following will be included: (i) All hours worked; (ii) Statutory Holiday hours; (iii) Jury and Crown witness duty; (iv) Bereavement leave; (v) Vacation hours; (vi) Time not exceeding one (1) year, lost as the result of an accident recognized as compensable by the Workers' Compensation Board, suffered during the course of employment, shall be considered as time worked for the purpose of qualifying for vacation provided that the Employee returns to his employment. (vii) Time not exceeding one (1) year, lost as the result of non-occupational accident or illness, shall be considered as time worked for the purpose of qualifying for vacation provided that at the time of the accident or illness the Employee has been on the payroll for not less than one (1) year and that he returns to his employment. It is understood that the Employer may require that the Employee provide a certificate from a qualified medical practitioner.
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Qualification and Computation for Vacation Pay. (a) The hourly rate of the Employee's regular job, as provided for in Sections 1, 2, 3, 4, 5 and 6 above, shall mean the hourly rate of the Employee's regular job at the time the Employee takes the first two weeks or more of vacation after the cut-off date. (b) For the purposes of administration, the Company cut-off date shall be deemed to be the Employee's anniversary date for the vacation year.
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Qualification and Computation for Vacation Pay a) The hourly rate of the Employee’s regular job, as provided for in Sections, 2, 3, 4, 5, 6 and 7 above, shall mean the hourly rate of the Employee’s regular job at the time the Employee takes the first two weeks or more of vacation after the cut-off date. b) For the purposes of administration, the Company cut-off date shall be deemed to be the Employee’s anniversary date for the vacation year. c) In order to qualify for the greater of percentage of earning or number of hours at the hourly rate of the Employee’s regular job, as provided for in Sections 2, 3, 4, 5, 6 and 7 above, the Employee must have worked a minimum of fifteen hundred (1500) hours in their first year of service and a minimum of one thousand (1000) hours during their succeeding years of entitlement. i. For the purposes of calculating minimum hours as in (c) above, the calculation period shall be from the cut-off date in one year to the cut-off date in the succeeding year. a) For the purposes of computing the requisite hours, the following will be included: i. All hours worked; ii. Statutory Holiday hours; iii. Jury and Crown witness duty; iv. Bereavement leave; v. Vacation hours; of employment, shall be considered as time worked for the purpose of qualifying for vacation provided that the Employee returns to their employment; and
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Qualification and Computation for Vacation Pay. (a) The hourly rate of the Employee’s regular job, as provided for in Sections 1, 2, 3, 4, 5 and 6 above, shall mean the hourly rate of the Employee’s regular job at the time the Employee takes the first two weeks or more of vacation after the cut-off date. (b) For the purposes of administration, the Company cut-off date shall be deemed to be the Employee’s anniversary date for the vacation year. (c) In order to qualify for the greater of percentage of earning or number of hours at the hourly rate of the Employee’s regular job, as provided for in Sections 1, 2, 3, 4, 5 and 6 above, the Employee must have worked a minimum of fifteen hundred (1500) hours in his first year of service, and a minimum of one thousand (1000) hours during his succeeding years of entitlement. (i) For purposes of calculating minimum hours as in (c) above, the calculation period shall be from the cut-off date in one year to the cut-off date in the succeeding year.
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Related to Qualification and Computation for Vacation Pay

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  • Underwriting Compensation Determination and Cap The maximum amounts set forth in clauses (a) and (c) above are considered underwriting compensation pursuant to FINRA Rule 5110. A portion of the amounts payable by Masterworks pursuant to clause (b) above along with any amounts paid or payable by Masterworks or Client or any of their respective affiliates to ((or benefits paid in respect of) any related person of the Co-Managers is generally deemed to be underwriting compensation. Any such amounts shall be allocated to the Offering and other related offerings in a manner deemed to be reasonable and appropriate by each of the Co-Managers, consistent with FINRA rules and regulations to determine underwriting compensation relating to the Offering. To the extent such allocation would be determined to result in maximum underwriting compensation being equal to or in excess of 10% of the aggregate gross offering proceeds, the Parties will adjust the provisions of this Agreement or the Client will adjust the terms of employment of persons affiliated with either of the Co-Managers in such manner as is reasonable and necessary to ensure that aggregate underwriting compensation does not equal or exceed 10% of the aggregate gross offering proceeds. The total amount of all items of compensation from any source payable to underwriters, broker-dealers, or affiliates thereof will not exceed ten percent (10%) of the gross proceeds of the offering.

  • Form of Compensation Compensation for overtime shall be paid except where, upon request of the Employee, and with the approval of the Employer, or its representative, overtime may be granted in the form of time off in lieu of overtime hours worked.

  • VACATION AND VACATION PAY 9.01 All employees who are covered under this agreement shall receive as vacation pay in accordance with the schedule under Article 9.04, the appropriate percentage of the employee's total earnings exclusive of the Employer's contribution to the Union's Benefit Plan. 9.02 When vacations are requested by more employees than can be reasonably scheduled to be away at any one time and still carry on efficient company operations, then the choice of those employees permitted to take their vacation will be insofar as possible based on customer requirements, efficient operation of the Shop, ability of employees to perform available work and length of service of the employees. 9.03 The Employer shall post annually during January a sheet on which employees may choose their vacation period. This list shall be completed by the employees no later than May 1. Any employee failing to select vacation time by May 1 will be deemed to have forfeited their privilege based on service credit, at that time, for vacation selection purposes. The Employer shall post the final vacation schedule no later than May 31. Any request for further changes to the final schedule must be made to the Employer giving the Employer at least four (4) weeks’ notice. If a Statutory holiday (as listed under Article 10.01) falls during an employee's vacation time, the employee will have the option to take that holiday at the end of the vacation period. This will be scheduled at the time the employee schedules his vacation. 9.04 Employees shall receive vacation time if requested in accordance with the provisions outlined below. Generally, two weeks may be taken in June, July and August, but with advance notice (per Article 9.03) and as mutually agreed, more may be taken. LENGTH OF SERVICE BASED ON DATE OF HIRING (as of July 1st of the current year) Vacation Pay Vacation Time 0 – 3 Months 4% 2 weeks After 3 Months 10% 3 weeks 9.05 The above amounts of vacation pay are remitted to the Union office with the regular monthly remittance.

  • Transition to Retirement 24.1 An Employee may advise their Employer in writing of their intention to retire within the next five years and participate in a retirement transition arrangement. 24.2 Transition to retirement arrangements may be proposed and, where agreed, implemented as: (a) a flexible working arrangement (see clause 16 (Flexible Working Arrangements)); (b) in writing between the parties; or (c) any combination of the above. 24.3 A transition to retirement arrangement may include but is not limited to: (a) a reduction in their EFT; (b) a job share arrangement; or (c) working in a position at a lower classification or rate of pay. 24.4 The Employer will consider, and not unreasonably refuse, a request by an Employee who wishes to transition to retirement: (a) to use accrued Long Service Leave (LSL) or Annual Leave for the purpose of reducing the number of days worked per week while retaining their previous employment status; or (b) to be appointed to a role which that has a lower hourly rate of pay or hours (post transition role), in which case: (i) the Employer will preserve the accrual of LSL at the time of reduction in salary or hours; and (ii) where LSL is taken or paid out in lieu on termination, the Employee will be paid LSL hours at the applicable classification and grade, and at the preserved hours, prior to the post transition role until the preserved LSL hours are exhausted.