If employees reach a brand new vacation accrual price in the course of the calendar yr, the quantity of go away that may be banked is prorated. If staff work lower than full time during the calendar 12 months, reach a new eligibility degree mid-year, or are on unpaid LOA, the amount of go away that can be banked is prorated. Employees may use annual vacation allocation before it’s earned.
The option to financial institution vacation hours is obtainable in July following the fiscal 12 months during which the employee qualifies. Employees should make a decision to financial institution vacation by the prescribed deadline (typically in early August) into an ALRA. If an worker fails to meet this deadline, the holiday shall be treated as if the option weren’t out there (see part IV(b)). Employees might not elect to bank go away after the deadline to make the election.
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