Vacations are paid absences.

Gross vacation pay includes:

• Regular daily salary
• Payment of the average for variable forms of compensation
• For monthly employees, payment of the vacation bonus (= (Salary/25 - Salary/30) ).

Acording to the local legislation, the number of days vacation that a worker can take per year according to their seniority in the company are:

• 14 consecutive days for less than 5 years with the company;
• 21 consecutive days for between 5 years and 10 years;
• 28 consecutive days for more than 5 years and less than 10 years;
• 35 consecutive days more than 20 years with the company.

The term consecutive days includes working and non-working days, and public holidays.

Workplace agreements may establish other rules in this respect.

For the payment of vacations in Argentina, three different types of vacation are recognized:

The gross pay for one day’s vacation leave is the same for each of these three types. However, the net payment is different. For example, for compensation for leave not taken, no Social Insurance deductions are made.