Accrual Formula Sample Clauses

Accrual Formula. In Section 25.01 above, the following accrual formula shall apply:  Example: In hire date: January 1 - June 30 2 weeks vacation July 1 - December 31 a) New employees, following completion of ninety (90) days of service are eligible for earned vacation based on Section 25.01 (a). b) Exceptions to (a) above will be resolved between the Company and the appropriate bargaining unit. Any employee leaving of their own accord will be entitled to their earned vacation provided such employee provides at least two (2) week notice. When reasonable, all employees planning to resign from the Company will give the Company four (4) weeks prior notice to their departure. ARTICLE XXVI DEMOTION/DISMISSAL/SUSPENSION
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Accrual Formula. In Section 25.01 above, the following accrual formula shall apply: a. New employees: Following completion of ninety (90) day probationary period vacation equivalent to the pro rata accrual for the months from date of hire to December 31 will be available to employee. • Example: In hire date: January 1 - June 30 2 weeks vacation July 1 - December 31 12 months month hired x 10 12 month b. Transition or Bridge Service Date: Weeks will be in accordance with appropriate eligible vacation allowance. The employee will not be penalized for any time taken above the pro rata amount of time established. • Example: Transition Date or Bridged Service Date 12 - month receiving service x eligible vacation days c. Exceptions to (a) and (b) above will be resolved between the Company and the appropriate bargaining unit. When reasonable, all employees planning to resign from the Company will give the company four (4) weeks prior notice to their departure.
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Accrual Formula. In Section 25.01 above, the following accrual formula shall apply: New employees: Following completion of ninety (90) day probationary period vacation equivalent to the pro rata accrual for the months from date of hire to December 31 will be available to employee.
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Accrual Formula. The number of Warrant Shares which shall be exercisable from time to time under this Warrant (hereafter, the "Accrued Warrant Shares") shall be determined as follows:
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Related to Accrual Formula

  • Formula The formula referred to in paragraph 3.1 is as follows: 𝑁𝑅𝑃 = ∑((𝑊𝐴𝐶𝑀 + 𝑁𝑅𝐸𝐽𝑇)●𝐵𝐹●𝑁𝑅𝑃𝑅●𝑁𝐹) where:

  • Accrual Rate Compensatory time for employees will accrue at the rate of one and one-half hours for each one hour of overtime worked.

  • Accrual Rates All eligible employees shall accrue vacation pay according to the following rates:

  • Vacation Accrual Rates Laid off employees who are re-employed shall have the vacation accrual rate they held immediately prior to layoff restored.

  • Rate of Accrual All full-time employees shall be credited with five (5) hours of paid sick leave per pay period.

  • Interest Factor With respect to this Floating Rate Note, accrued interest is calculated by multiplying the principal amount of such Note by an accrued interest factor. The accrued interest factor is computed by adding the interest factor calculated for each day in the particular Interest Reset Period. The interest factor for each day will be computed by dividing the interest rate applicable to such day by 360, in the case of a Floating Rate Note as to which the CD Rate, the Commercial Paper Rate, the Federal Funds Open Rate, the Federal Funds Rate, LIBOR or the Prime Rate is an applicable Interest Rate Basis, or by the actual number of days in the year, in the case of a Floating Rate Note as to which the CMT Rate or the Treasury Rate is an applicable Interest Rate Basis. In the case of a series of Notes that bear interest at floating rates as to which the Constant Maturity Swap Rate is the Interest Rate Basis, the interest factor for each day will be computed by dividing the number of days in the interest period by 360 (the number of days to be calculated on the base is of a year of 360 days with twelve 30-day months (unless (i) the last day of the interest period is the 31st day of a month but the first day of the interest period is a day other than the 30th or 31st day of a month, in which case the month that includes that last day shall not be considered to be shortened to a 30-day month, or (ii) the last day of the interest period is the last day of the month of February, in which case the month of February shall not be considered to be lengthened to a 30-day month)). The interest factor for a Floating Rate Note as to which the interest rate is calculated with reference to two or more Interest Rate Bases will be calculated in each period in the same manner as if only the applicable Interest Rate Basis specified above applied.

  • Fixed Annuity 10 1.16 Fund(s) ........................................................... 10 1.17

  • Vacation Leave Accrual Rate Schedule Full Years of Service Hours Per Year

  • Share Class Annual Compensation Rate Class R-1 1.00% Class R-2 0.75% Class R-2E 0.60% Class R-3 0.50% Class R-4 0.25% Class R-5 No compensation paid Class R-5E No compensation paid Class R-6 No compensation paid If you hold Plan accounts in an omnibus account (i.e., multiple Plans in one account on the books of the Funds), Plans that are added to the omnibus account after May 15, 2002 may invest only in R shares, and you must execute an Omnibus Addendum to the Selling Group Agreement, which you can obtain by calling our Home Office Service Team at 800/421-5475, extension 8.

  • Determination of Applicable Interest Rate As soon as practicable on each Interest Rate Determination Date, Bank shall determine (which determination shall, absent manifest error in calculation, be final, conclusive and binding upon all parties) the interest rate that shall apply to the LIBOR Advances for which an interest rate is then being determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to Borrower.

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