Common use of Accrual Rate Clause in Contracts

Accrual Rate. Sick leave shall be accrued by employees by applying the formula below at the rate of .0462 times (x) total credited hours without regard to the calendar year. Credited hours shall include all hours worked, including military leave, sick leave and vacation and shall exclude overtime, unpaid leave, disability and worker’s compensation. Typical assignments and minimum accruals are listed below. Example of calculations: Assignment Formula Accrual Needed 20 hrs/week 130 days worked X .0462 X 4 hrs/day 24.02 25 hrs/week 130 days worked X .0462 X 5 hrs/day 30.03 30 hrs/week 130 days worked X .0462 X 6 hrs/day 36.03 31 hrs/week 130 days worked X .0462 X 6.2 hrs/day 37.23 38.75 hrs/week 130 days worked X .0462 X 7.75 hrs/day 46.54 40 hrs/week 130 days worked X .0462 X 8 hrs/day 48.05

Accrual Rate. Sick leave shall be accrued by employees by applying the formula below at the rate of .0462 times (x) total credited hours without regard to the calendar year. Credited hours shall include all hours worked, including military leave, sick leave and vacation and shall exclude overtime, unpaid leave, disability and worker’s compensation. Typical assignments and minimum accruals are listed below. Example of calculations: Assignment Formula Accrual Needed 20 hrs/week 130 days worked X .0462 X 4 hrs/day 24.02 25 hrs/week 130 days worked X .0462 X 5 hrs/day 30.03 30 hrs/week 130 days worked X .0462 X 6 hrs/day 36.03 31 hrs/week 130 days worked X .0462 X 6.2 hrs/day 37.23 38.75 hrs/week 130 days worked X .0462 X 7.75 hrs/day 46.54 40 hrs/week 130 days worked X .0462 X 8 hrs/day 48.05

Accrual Rate. Sick leave shall be accrued by employees by applying the formula below at the rate of .0462 times (x) total credited hours without regard to the calendar year. Credited hours shall include all hours worked, including military leave, sick leave and vacation and shall exclude overtime, unpaid leave, disability and worker’s compensation. Typical assignments and minimum accruals are listed below. Example of calculations: Assignment Formula Accrual Needed 20 hrs/week 130 days worked X .0462 X 4 hrs/day 24.02 25 hrs/week 130 days worked X .0462 X 5 hrs/day 30.03 30 hrs/week 130 days worked X .0462 X 6 hrs/day 36.03 31 hrs/week 130 days worked X .0462 X 6.2 hrs/day 37.23 38.75 hrs/week 130 days worked X .0462 X 7.75 hrs/day 46.54 40 hrs/week 130 days worked X .0462 X 8 hrs/day 48.0546.54