List of Terms – V

 
 
 
Use of the glossary is subgected to these terms
 
 

Vacation allowance

Vacation allowance refers to the allotted amount of time/vacation days an employee is entitled to be absent from work, for which the employee is still entitled to full payment of wages. Depending on the employment / collective agreement, a variety of variable can affect this, including seniority and vacation carryover. 

 

 

 

Vacation day

Employee’s absence from work due to annual or forced vacation, for which the employee is entitled to full payment of wages and which fully preserves his rights as an employee.