As a salaried employee, your Holiday Pay is calculated as replacement pay based on your normal pay period salary. Holiday pay for hourly employees is calculated as follows:
* If the employee works on a holiday, the employee will receive his/her regular rate of pay for hours actually worked on the holiday, plus Holiday Pay.
* If a holiday falls on the employee's normally scheduled day off, he/she will receive Holiday Pay for that day.
* The employee's Holiday Pay is calculated based on his/her average hours worked per week (average weekly hours divided by five, and then multiplied by the employee's hourly wage rate).
If you are required to work on a holiday, or if your regularly scheduled day off coincides with a holiday, you are given the choice of the equivalent of one additional day's pay or one additional day off during the same pay period, subject to business needs and subject to the following special rules:
* This does not apply to store managers.
* This additional day of pay is generally calculated as 1/10th of your bi-weekly salary (or one day's worth of your monthly salary).
* For overnight pharmacists, Holiday Pay is calculated as replacement pay (1/7th of bi-weekly salary) for holidays not worked.
* For non-overnight pharmacists, if you take one or more vacation days within the same holiday pay period, in lieu of Holiday Pay, one vacation day is reinstated.