Accrual of Credit Units Sample Clauses

Accrual of Credit Units. (a) Credit Units shall be credited to an Employee after one (1) year seniority at the rate of ¼ of a Credit Unit for the following eighteen (18) months, and subsequently at the rate of ½ of a Credit Unit for each Workweek for which the Employee:
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Accrual of Credit Units. (a) Credit Units shall have no value in terms of either time or money but shall be a means of determining duration of benefits under the varying circumstances prevailing from time to time. Credit Units shall be credited to an employee at the rates specified in subsection (b) of this section, provided that:
Accrual of Credit Units a) For work weeks commencing on or after the effective date of this Agreement, credit units shall be credited at the rate of 1/2 of a credit unit for each work week for which an employee receives any pay from the Company and for work weeks for which he/she does not receive any pay from the Company but for which he/she receives a leveling week benefit.
Accrual of Credit Units. (a) For work weeks commencing on or after January 1, 2007. Credit Units shall be credited at the rate of one-quarter (1/4) for the first eighteen months of employment and one-half (1/2) of a Credit Unit for each workweek for which the employee:
Accrual of Credit Units. (a) Credit Units shall be credited for employees hired prior to September 24, 2012 at the rate of 1/2 of a Credit Unit (1/4 of a Credit Unit in the case of an Employee who shall have at least 12 but less than 30 months of Seniority ) for each Work Week for which an Employee:

Related to Accrual of Credit Units

  • Treatment of Outstanding Loans and Letters of Credit 25 2.6 Making Revolving Credit Loans and Swing Loans; Presumptions by the Administrative Agent; Repayment of Revolving Credit Loans; Repayment of Swing Loans 26

  • Loans and Letters of Credit On the Closing Date:

  • New Swingline Loans/Letters of Credit So long as any Lender is a Defaulting Lender, (i) the Swingline Lender shall not be required to fund any Swingline Loans unless it is satisfied that it will have no Fronting Exposure after giving effect to such Swingline Loan and (ii) no Issuing Lender shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

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