Usually means: Extra compensation for holiday work.
Definitions Related words Mentions
We found 4 dictionaries that define the word holiday pay:

General (4 matching dictionaries)
  1. holiday pay: Collins English Dictionary
  2. holiday pay: Wiktionary
  3. holiday pay: TheFreeDictionary.com
  4. holiday pay: Longman Dictionary of Contemporary English

Definitions from Wiktionary (holiday pay)

noun:  A yearly bonus of one's salary or social security with a payout that typically occurs shortly before summer.
noun:  (UK) A basic wage paid to an employee while they are on holiday. It can be paid for as many weeks' holiday as an employee is entitled to, although an employee can spread their complete holiday entitlement over the whole year.

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