holiday

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Vacation

A period of time during which one ordinarily would work but does not, normally to engage in some pleasure. One may spend a vacation traveling, relaxing or simply organizing one's personal life. Many companies offer paid vacation time to employees after a certain period of employment. Some jurisdictions require paid vacations.

holiday

A day set apart for commemorating an important event.The term is used often in contracts and leases when computing time,as when a certain number of days are allowed for an action, but if the due date falls on a weekend or holiday,it will be the next business day.Leases,in particular,limit delivery of certain services,such as heating and air conditioning,on weekends and holidays. The better practice is for the contract or lease to define the holidays meant by it.In the absence of such a definition, holidays will usually include federal holidays, when federal offices are closed, and may include state holidays when state offices are closed,if different.

References in periodicals archive ?
It is important, before maternity leave begins, for employers and employees to discuss and agree the arrangements for accrued statutory holidays to be taken.
I'VE been working for an agency for six months, but the boss won't give me statutory holiday pay.
He said workers would accept the three per cent offer if they were given shorter weeks from 45 to 43 hours, double time for working statutory holidays and a day in lieu for working their rest days.
Are there to be any increases in statutory holidays for employees?
It says the new Working Time (Amendment) Regulations will increase statutory holidays to a minimum of 5.
Should the Labour Government secure a third term 3 million workers who currently have 20 days holiday including statutory bank holidays will have to be given 20 days plus statutory holidays.
Statutory holidays in Ireland are twice as good as those available in the States and Japan where they make do with 10 days a year.
John McInnes, chairman of the union's bargaining group, said the group unanimously agreed to recommend the settlement because "it addresses our concerns in key areas such as job security and the operation of the mills on statutory holidays.
m Eastern Time (x) except on Canadian statutory holidays.
on weeknights and all day on weekends and statutory holidays.
These days off will count as part of the statutory holiday entitlement unless the contract specifies that they are in addition to the statutory holidays.
The government's plans to increase statutory holidays by eight days will affect 6m people, three times more than expected and cost business more than pounds 4bn, ministers have admitted.

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