Accrual Amounts Clause Samples
The "Accrual Amounts" clause defines how interest, fees, or other financial obligations accumulate over time under an agreement. Typically, it specifies the method and frequency of accrual—such as daily, monthly, or annually—and may outline how partial periods are handled or how amounts are calculated in the event of early termination. This clause ensures that both parties have a clear understanding of how and when financial amounts become due, thereby preventing disputes over payment calculations and ensuring transparency in financial obligations.
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Accrual Amounts. Not less than two (2) Business Days before the Closing Date, the Shareholder shall deliver (i) a statement that sets forth the amount of the Profit Sharing Bonus Accrual to be paid to each CSI Employee pursuant to Section 6.6(d) (the “Profit Sharing Bonus Accrual Schedule”), (ii) a statement that sets forth the CSI Incentive Compensation Plan Accrual as of the Closing Date and the allocation to each CSI Employee (the “Incentive Compensation Accrual Schedule”) and (iii) a statement that sets forth the 401(k) Plan Accrual as of the Closing Date and the allocation to each CSI Employee (the “401(k) Accrual Schedule” and, together with the Profit Sharing Bonus Accrual Schedule and the Inventive Compensation Accrual Schedule, the “Accrual Schedules”).
Accrual Amounts. The accrual schedule is set out below.
A. For non-licensed, non-professional classifications: Hire through 2nd anniversary .0654 hours (17 days per year/3.4 workweeks) 2nd through 5th anniversary .0769 hours (20 days per year/4 workweeks) 5th through 10th anniversary .0846 hours (22 days per year/4.4 workweeks) 10th anniversary on .1038 hours (27 days per year/5.4 workweeks)
B. For Clinicians, RNs, and Professionals classifications: Hire through 2nd anniversary .0808 hours (21 days per year/4.2 workweeks) 2nd through 5th anniversary .0885 hours (23 days per year/4.6 workweeks) 5th through 10th anniversary .1000 hours (26 days per year/5.2 workweeks) 10th anniversary on .1192 hours (31 days per year/6.2 workweeks)
C. For Lead Clinicians: Hire through 2nd anniversary .0885 hours (23 days per year/4.6 workweeks) 2nd through 5th anniversary .0962 hours (25 days per year/5 workweeks) 5th through 10th anniversary .1077 hours (28 days per year/5.6 workweeks) 10th anniversary on .1269 hours (33 days per year/6.6 workweeks)
Accrual Amounts. The amount of Coop Funds that will accrue in the Coop Fund for each Authorized DMN Subscriber is set forth on Schedule 2.1.
Accrual Amounts. 1. Every twelve month full time employee employed five days a week shall be entitled to 12 days of sick leave for illness or injury each school year. The 12 days of sick leave for illness or injury described above shall be prorated for less than full time and/or less than full year employees.
2. The District shall provide each unit member with a quarterly accounting of the number of days of sick leave she/he has accumulated, plus the number of days to which the unit member is entitled for the current school year. The District will also maintain an up-to-date hard copy of the accumulated sick leave that can be reviewed by a unit member upon reasonable request.
Accrual Amounts. 1. An illness or injury of short duration shall, whenever possible, be reported by 7:30 a.m. daily by the worker to the administrator in charge or regular District Office personnel. When an illness or injury requires an absence of four (4) or more consecutive work days’ duration, and the worker is placed under the care of a physician, the worker shall report the projected duration of the absence to the administrator in charge or his/her designee upon notification from the physician of the projected duration of the illness, injury, or quarantine.
2. The District may require verification by the worker’s physician any absence due to illness or accident for four (4) or more consecutive days.
3. Should the District have documentation showing that a worker has an Absenteeism problem and showing that a worker has been counseled about the problem without satisfactory improvement, the District may require verification by a physician or an illness that is less than four (4) days.
4. The District shall provide each unit member with a quarterly accounting of the number of days of sick leave she/he has accumulated, plus the number of days to which the unit member is entitled for the current school year. The District will also maintain an up-to-date hard copy of the accumulated sick leave that can be reviewed by a unit member upon reasonable request.
Accrual Amounts. The amount of Coop Funds that will accrue in the Coop Fund for each PocketNet Subscriber is [ * ].