2015 GNYADA Employee Handbook

During the Initial Period, employees are entitled to take accrued vacation time only after six months of employment (measured from their starting date). Employees must take all vacation time that has accrued during the Initial Period by the end of the Initial Period (no later than December 31 st of the year in which they have reached the first anniversary of employment).

During the Initial Period vacation time shall be taken, to the extent practicable, in blocks of five days; a block of less than five days may be taken only once during the “Initial Period.”

The following is for the purposes of example only ; each employee’s actual vacation benefit will vary depending on his or her start date:

Example: Employee starts June 1, 2005 – he or she will accrue vacation time during the “Initial Period” until December 31, 2006, (19) months, as follows.

Vacation days accrued from June 1, 2005 until May 31, 2006 – five days total. Vacation days accrued from June 1, 2006 until December 31, 2006 – six days, determined as follows: June 1, 2006 thru December 31, 2006 is 7 months, during which time vacation accrues at the rate of ten days per year for the seven months, or 10/12 x 7 months = 70/12 or 5 and 10/12 days, rounded to 6 days.

Thus, an employee who starts on June 1, 2006 will accrue a total of 11 days of vacation during the “Initial Period” of 19 months. That vacation may be taken in blocks of 5 days and 6 days.

For accrual purposes, if employment commences after the 15 th day of the month, that month is not counted for accrual purposes.

After the Initial Period, the benefit period runs from January 1 st to December 31 st . Employees will accrue vacation benefits in accordance with the above schedule at the start of each new calendar year. Thus, an Employee will accrue 2 weeks of vacation on January 1 following his or her “Initial Period.” An Employee will accrue 3 weeks of vacation on January 1 following his or her fifth anniversary, and on each January 1 thereafter.

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