Accrual/Accumulation Sample Clauses
The Accrual/Accumulation clause defines how certain rights, benefits, or obligations build up over time under a contract. Typically, this clause specifies the conditions and timeframes under which items like interest, vacation days, or financial liabilities accumulate, often on a daily, monthly, or annual basis. By clearly outlining the process of accumulation, the clause ensures both parties understand when and how entitlements or obligations increase, thereby preventing disputes and ensuring transparency in the management of ongoing contractual elements.
Accrual/Accumulation. Employees may accrue up to two hundred (200) hours of compensatory time. All overtime or holiday time worked which would result in a compensatory time accumulation of more than two hundred (200) hours and all overtime generated as a result of football games shall be paid and not accumulated as compensatory time. In accordance with the above, employee requests to accrue compensatory time in lieu of pay for all overtime or holiday time worked will be honored.
Accrual/Accumulation. Employees may accrue up to two hundred forty (240) hours of compensatory time. Any hours worked which would result in the accumulation of over two hundred forty (240) hours of compensatory time will be paid as overtime pay.
Accrual/Accumulation. Full-time employees will receive ten and one-half (10.5) hours of sick leave for each completed calendar month they are considered in an active pay status. Active pay status includes vacation, sick, personal, Union leave, funeral leave, compensatory time, jury duty, and approved training. Unused sick leave will be cumulative without limit. Overtime will not be counted as hours worked for the purpose of calculating an employee’s sick leave accumulation. Except as provided in Section 5 below, sick leave will not be counted as hours worked for the purpose of determining overtime.
Accrual/Accumulation. Full- and part-time employees will accrue sick leave at the rate of .061539 hours (the equivalent of 16 days per fiscal year) for each hour compensated at the regular, straight-time rate. Employees shall first be eligible for sick leave after they have completed their probationary period of employment with the Employer. Employees who elect dependent health care coverage will accrue sick leave at the rate of .0461538 hours (12 days per fiscal year) for the entire fiscal year during which they are enrolled for such coverage. Employees shall accumulate sick leave so long as they are in the service of the Employer, subject to the provisions of this Article, to a maximum of l,920 hours of sick leave. Sick leave accumulated after November 30, 1975, if any, shall be used prior to using sick days accumulated prior to November 30, 1975.