Holiday pay
From Wikipedia, the free encyclopedia
In some jurisdictions, holiday pay is an allowance which an employee earns through work in the calendar year prior to the year of the holiday. It is usually a percentage supplement to the salary that has been paid the year before the holiday pay is to be paid.
Holiday pay is a legal term in Norway (feriepenger),[1] Sweden (semesterlön),[2] Denmark (feriepenge),[3] Belgium[4] and the Netherlands[5] (vakantiegeld, vakantieuitkering, or pécule de vacances), Germany[6] and Austria (Urlaubsgeld).[7]