Employee Vacation Policy This is a sample form of Employee Vacation Policy. It sets forth how employees accrue vacation benefits, how they can be used, and various administrative rules. It can be used as a stand-alone policy or part of an Employee Handbook.
Employee Vacation Policy
The Company has established a vacation policy to provide full-time employees with a period of rest and relaxation without loss of pay or benefits. All regular full-time employees begin accruing vacation benefits beginning on the date of hire. Regular part-time employees working a minimum of 20 hours per week accrue vacation on a pro rata basis. Temporary employees and employees who work less than 20 hours per week do not accrue vacation benefits. Accrual Calendar Year of Service Date of hire through 2nd year
Rate of Accrual 10/12 of one day for each full month worked through 2nd year worked (up to a maximum of 10 days) 15/12 of one day for each full month worked (up to a maximum of 15 days) 20/12 of one day for each full month worked (up to a maximum of 20 days)
3rd year through 9th year 11th year and thereafter
Employees may not accrue more than twenty (20) days of vacation, unless otherwise provided by law. Once this maximum is reached, no more vacation time will accrue. Vacation accruals will recommence after and employee’s vacation has been taken and the accrued vacation has dropped below the twenty (20) day maximum. Administration Employees must use all vacation days no later than the end of the calendar year immediately following the year in which they accrue the vacation days. Employees may not take vacation before it is earned, except with the prior written approv