Effective Date: 1/1/2007
* Regular full-time employees
* Regular part-time employees
The amount of paid vacation time employees receive each year increases with the length of their employment as shown in the following schedule:
* After 3 years of eligible service the employee is entitled to 5 vacation day each year.
The length of eligible service is calculated on the basis of a "benefit year." This is the 12-month period that begins when the employee starts to earn vacation time. An employee's benefit year may be extended for any significant leave of absence except military leave of absence. Military leave has no effect on this calculation. (See individual leave of absence policies for more information.)
Once employees enter an eligible employment classification, they begin to earn paid vacation time according to the schedule. Earned vacation time is available for use in the year following its accrual.
Paid vacation time can be used in minimum increments of one day. To take vacation, employees should request advance approval from their supervisors. Requests will be reviewed based on a number of factors, including business needs and staffing requirements.
Vacation time off is paid at the employee's base pay rate at the time of vacation.
As stated above, employees are encouraged to use available paid vacation time for rest, relaxation, and personal pursuits. In the event that available vacation is not used by the end of the benefit year, employees will forfeit the unused time.
Upon termination of employment, employees will be paid for unused vacation time that has been earned through the last day of work. However, if Grubstake, in its sole discretion, terminates employment for cause, forfeiture of unused vacation time may result.