Holiday Pay
/ˈhɑːlɪdeɪ peɪ/
Definitions
- (n.) Compensation paid to an employee for authorized time off during recognized public or contractual holidays.
The employee received holiday pay despite not working on the national holiday.
- (n.) Payment made to employees for accrued holiday entitlement upon termination of employment.
She was entitled to holiday pay for her unused vacation days after leaving the company.
Related terms
See also
Commentary
Holiday pay provisions vary by jurisdiction and may be governed by statute, collective agreements, or employment contracts; clarity in defining holiday pay scope is essential in drafting employment terms.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.