- 22 -
year, it may continue into the next calendar year without
forfeiture.) As with the General Plan, the Star Markets Plan
calculates vacation pay benefits using an employee's rate of pay
in effect at the time the vacation is actually taken; vacation
pay is not premised on an employee's salary at the beginning of
the calendar year.
3. The Acme Markets Plans
Acme Markets offers vacation pay benefits to certain union
employees. The Acme Markets Plans' vacation season extends from
May 1 through September 30 of each year for the first and second
weeks of vacation, and May 1 through April 30 of the next
calendar year for the third, fourth, and fifth weeks of vacation.
In contrast with the Star Markets Plan, employees covered by the
Acme Markets Plans vest ratably in a specified amount of leave
for each month or each week they work for Acme Markets between
May 1 of one calendar year and April 30 of the next year. The
amount of leave in which an employee vests depends on the
employee's length of continuous service with Acme Markets. As of
May 1 of each year, an employee will be fully vested in the
vacation pay he is expected to take during the vacation season
beginning on that date.
All vacations under the Acme Markets Plans must be used
during the relevant vacation season; no vacation benefits accrue
Page: Previous 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 NextLast modified: May 25, 2011