Common use of Accrual Rate Clause in Contracts

Accrual Rate. Each regularly scheduled employee with an assigned FTE of .5 or above shall accrue PTO as follows: Year of Service Accrual Rate (full-time equivalent) 1-4 (0-48 months) .10769 per hour (224 hours per year) 5-9 (49-108 months) .12692 per hour (264 hours per year) 10-14 (109-168 months) .14231 per hour (296 hours per year) 15-19 (169-228 months) .15000 per hour (312 hours per year) 20 (229 months) or more .15385 per hour (320 hours per year) PTO will accrue from the date of hire. PTO is accrued on all hours paid, up to eighty (80) hours in a pay period, excluding standby hours and donated PTO hours.

Appears in 3 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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Accrual Rate. Each regularly scheduled employee with an assigned FTE of .5 or above shall accrue PTO as follows: Year of Service Accrual Rate (full-time equivalent) 1-4 (0-48 months) .10769 per hour (224 hours per year) 5-9 (49-108 months) .12692 per hour (264 hours per year) 10-14 (109-168 months) .14231 per hour (296 hours per year) 15-19 (169-228 months) .15000 per hour (312 hours per year) 20 (229 months) or more .15385 per hour (320 hours per year) PTO will accrue from the date of hire. PTO is accrued on all hours paid, up to eighty (80) hours in a pay period, excluding standby hours and donated PTO hours.

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

Accrual Rate. Each regularly scheduled employee with an assigned FTE of .5 or above shall accrue PTO as follows: Year of Service Accrual Rate (full-time equivalent) 1-4 (0-48 months) .10769 per hour (224 hours per year) 5-9 (49-108 months) .12692 per hour (264 hours per year) 10-14 (109-168 months) .14231 per hour (296 hours per year) 15-19 (169-228 months) .15000 per hour (312 hours per year) 20 (229 months) or more .15385 per hour (320 hours per year) PTO will accrue from the date of hire. PTO is accrued on all hours paid, up to eighty (80) hours in a pay period, excluding standby hours and donated PTO hours.

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

Accrual Rate. Each regularly scheduled employee with an assigned FTE of .5 or above shall accrue PTO as follows: Year of Service Accrual Rate (full-time equivalent) 1-4 (0-48 months) .10769 per hour (224 hours per year) 5-9 (49-108 months) .12692 per hour (264 hours per year) 10-14 (109-168 months) .14231 per hour (296 hours per year) 15-19 (169-228 months) .15000 per hour (312 hours per year) 20 (229 months) or more .15385 per hour (320 hours per year) PTO will accrue from the date of hire. PTO is accrued on all hours paid, up to eighty (80) hours in a pay period, excluding standby hours and donated PTO hours.DRAFT

Appears in 1 contract

Samples: Collective Bargaining Agreement

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Accrual Rate. Each regularly scheduled employee with an assigned FTE of .5 or above shall accrue PTO as follows: Year of Service Accrual Rate (full-time equivalent) 1-4 (0-48 months) .10769 per hour (224 hours per year) 5-9 (49-108 months) .12692 .12308 per hour (264 hours per year) 10-14 (109-168 months) .14231 per hour (296 hours per year) 15-19 (169-228 months) .15000 .14615 per hour (312 hours per year) 20 (229 months) or more .15385 per hour (320 hours Nurses with 20 or more years of service as of October 1, 2011 will continue to maintain a PTO accrual rate of .15769 per year) hour. PTO will accrue from the date of hire. PTO accrued is accrued based on all the actual number of hours paid, up to eighty compensated (80) and any low census hours). PTO shall not accrue on any more than 2,080 hours compensated in a pay period, excluding standby hours and donated PTO hoursany employee’s anniversary year.

Appears in 1 contract

Samples: Employment Agreement

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