Accrual Methods Sample Clauses

Accrual Methods. 1. YP team members accrue PTO on a monthly basis (“Monthly Accrual”). To determine the monthly accrual rate, divide the annual accrual eligibility by 12 (illustrated below): Years of Service Annual Accrual Eligibility Per Month Accrual New Hire - 6 months 5 Days 0.4167 days per month Year 1Year 6 10 Days 0.833 days per month Year 7 – Year 14 15 Days 1.25 days per month Year 15 – Year 24 20 Days 1.667 days per month Year 25 and Above 25 Days 2.083 days per month 2. The PTO balance reported in the ADP system reflects time which you are eligible to accrue for the calendar year. PTO time not yet accrued during the year may be advanced to you and available for use, with team leader approval. Team members will be eligible for the next level of PTO accrual starting at the beginning of the year in which they are expected to reach their next service milestone. The new accrual eligibility will be reflected as of January 1. For example, an employee reaching their 7-year service anniversary on August 15 will begin accruing at the higher monthly rate (1.25 days) starting in January of that same year.
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Accrual Methods. 13.3.1 Employees will begin accruing at the rate indicated on each anniversary date. For example, an employee will begin accruing at the 192 hours per year on the fifth (5th) anniversary of employment. Personal time off will accrue based on paid hours only, up to the maximum of the employee’s regular schedule (employees will not earn additional PTO while on overtime). Accruals will be prorated for regular part-time employees. 13.3.2 Employees may accumulate PTO up to a maximum of two (2) times their annual rate of accrual. PTO may not be accumulated beyond the maximum unless authorized by the Director. If an employee’s vacation is deferred at the request of the Agency, the employee will be allowed to continue accumulation of hours.

Related to Accrual Methods

  • Payment Methodology The Contractor shall be compensated based on the Service Rates in Attachment for units of service authorized by the Institution in a total amount not to exceed the Contract Maximum Liability established in Section C. 1. The Contractor’s compensation shall be contingent upon the satisfactory completion of units of service or project milestones identified in Attachment B. The Contractor shall submit invoices, in form and substance acceptable to the Institution with all of the necessary supporting documentation, prior to any payment. Such invoices shall be submitted for completed units of service or project milestones for the amount stipulated.

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

  • Transfer Methods and Amounts Section 15 of the General Terms (Payment Methods and Amounts) applies to the Service, even in circumstances where the External Account is closed and we are attempting to return funds to such Account.

  • Allocation Method (Choose one of a. or b.): a. [ ] All the same. Using the same allocation method as applies to the Signatory Employer under this Election 28. b. [ ] At least one different. Under the following allocation method(s): .

  • Payment Methods A. Except as otherwise provided by this Contract, the payment method will be one or more of the following:

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

  • Service Providing Methodology 1.3.1 Party A and Party B agree that during the term of this Agreement, where necessary, Party B may enter into further service agreements with Party A or any other party designated by Party A, which shall provide the specific contents, manner, personnel, and fees for the specific services. 1.3.2 To fulfill this Agreement, Party A and Party B agree that during the term of this Agreement, where necessary, Party B may enter into equipment or property leases with Party A or any other party designated by Party A which shall permit Party B to use Party A’s relevant equipment or property based on the needs of the business of Party B. 1.3.3 Party B hereby grants to Party A an irrevocable and exclusive option to purchase from Party B, at Party A’s sole discretion, any or all of the assets and business of Party B, to the extent permitted under PRC law, at the lowest purchase price permitted by PRC law. The Parties shall then enter into a separate assets or business transfer agreement, specifying the terms and conditions of the transfer of the assets.

  • Measurement method An isolation resistance test instrument is connected between the live parts and the electrical chassis. The isolation resistance is subsequently measured by applying a DC voltage at least half of the working voltage of the high voltage bus. If the system has several voltage ranges (e.g. because of boost converter) in conductively connected circuit and some of the components cannot withstand the working voltage of the entire circuit, the isolation resistance between those components and the electrical chassis can be measured separately by applying at least half of their own working voltage with those components disconnected.

  • Accounting Methods Implement or adopt any change in its accounting principles, practices or methods, other than as may be required by generally accepted accounting principles.

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

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