 Holidays

HOLIDAYS

Including half-days for early closing, we expect that the number of holidays each year will float between 13-15 holidays. We issue a holiday schedule for the upcoming year that is based on the following:

 From December 25 through December 31 the foundation is closed  On the day before a designated federal holiday: o If the holiday occurs on Monday, there is no early closing or additional holiday o If the holiday occurs on Tuesday, the foundation is closed for a full day on Monday o If the holiday occurs on Wednesday, Thursday or Friday the foundation closes at 1:00 p.m.

Outlook invitations are sent for holidays to add to your calendar and are designated as paid holidays and those we ask you to take into consideration when scheduling internal and external meetings:

 Paid Holidays: (P)  Scheduling Holidays: (S)

Paid holidays are also entered into the PTO system. Paid holidays typically are: New Year’s Day, Martin Luther King, Jr. Day, Memorial Day, Juneteenth, Independence Day, Labor Day, Thanksgiving and the day after, and the year-end closing.

Holiday pay If a non-exempt employee is required to work on a designated holiday, the employee will be paid at time-and-one-half for hours worked.

If a designated holiday occurs during scheduled Paid Time Off, that day is paid and recorded as a holiday, not as a PTO day.

Holiday pay during a leave of absence is determined by the type of leave (see Leaves of Absence policy).

This policy statement is not a contract of employment. The Wallace Foundation reserves the right to change or revoke this policy statement at any time without notice.

Holidays January 2021