The company I work for pays us our holiday pay each pay period. The rates are regulated. For the life of me I can't remember what they are. approx.9%? We work 40 hrs Mon. thru Fri. and 4 hrs on Sat. Any hours above these noted hours are put into a bank. The company is required to pay us out after a certain time period or give us time off with pay, drawing hours from the bank. All of us take the time off. I just took a week off. Went to Waterton/Glacier Natioal Park.AWESOME!!!!!! It's actually the first holiday I've had in a very long long time. Except for Christmas time. We shut down for Christmas thru New Years Day. The only problem with holidays is the fires you need to put out when you get back to work.