Common use of Qualification and Computation for Vacation Pay Clause in Contracts

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.