Accrual and Rates. Cashable paid annual leave for all regular and temporary employees shall accrue as follows:
Accrual and Rates Sample Clauses
Related to Accrual and Rates
Accrual Rates All eligible employees shall accrue vacation pay according to the following rates:
Accrual Rate Compensatory time for employees will accrue at the rate of one and one-half hours for each one hour of overtime worked.
Vacation Accrual Rates Laid off employees who are re-employed shall have the vacation accrual rate they held immediately prior to layoff restored.
Accrual of interest Each Note (or in the case of the redemption of part only of a Note, that part only of such Note) will cease to bear interest (if any) from the date for its redemption unless payment of principal is improperly withheld or refused. In such event, interest will continue to accrue until whichever is the earlier of:
Interest Accrual Each Class of Notes will accrue interest on its Note Balance for each Interest Period until the Note Balance has been paid in full at a rate per annum equal to its Note Interest Rate for that Interest Period. Interest on the Class A-1 and Class A-2b Notes will be calculated for each Interest Period on the basis of the actual number of days in the Interest Period and a 360-day year. Interest on the Notes (other than the Class A-1 and Class A-2b Notes) for each Interest Period will be calculated on the basis of a 360-day year consisting of twelve 30-day months. Interest on each Note for each Interest Period will be due and payable on the related Payment Date.
SALARY RATES Section 12.1 The following shall apply to full-time employees:
Salary Rate The annual salary for regular faculty will be prorated according to the established workload for the academic year.
Accrual of Seniority Seniority shall accrue during:
CLASSIFICATIONS AND RATES OF PAY Subd. 1.
Protected Salary Rates A. The Employer shall continue the current salary rate protection program for the duration of this Agreement.
