Common use of Accrual Rates Clause in Contracts

Accrual Rates. Eligible nurses shall accrue PTO as follows: a. First through Fourth Year of employment – .10385 hours of PTO for each accrual base hour (approximately 27 PTO days (216 hours) per year for a full-time nurse). b. Fifth through Ninth Year of employment – .12308 hours of PTO for each accrual base hour (approximately 32 PTO days (256 hours) per year for a full-time nurse). c. Tenth through Fourteenth Year of employment – .13846 hours of PTO for each accrual base hour (approximately 36 PTO days (288 hours) per year for a full- time nurse). d. Fifteenth through Nineteenth Year of employment – .14615 hours of PTO for each accrual base hour (approximately 38 PTO days (304 hours) per year for a full-time nurse). e. Twentieth and Subsequent Year of employment – .15385 hours of PTO for each accrual base hour (approximately 40 PTO days (320 hours) per year for a full- time nurse). However, nurses accruing at the rate of .15769 hours of PTO for each accrual base hour (approximately 41 PTO days (328 hours) per year for a full-time nurse) as of June 30, 2013 shall continue to accrue at that higher rate. f. There shall be a maximum PTO accrued balance for each nurse of 600 hours. Once an accrual balance reaches 600 hours, accrual shall stop until the balance is reduced below 600.

Appears in 3 contracts

Samples: Professional Agreement, Professional Services, Professional Services

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Accrual Rates. Eligible nurses shall accrue PTO as follows: a. First through Fourth Year of employment – .10385 hours of PTO for each accrual base hour (approximately 27 PTO days (216 hours) per year for a full-time nurse). b. Fifth through Ninth Year of employment – .12308 hours of PTO for each accrual base hour (approximately 32 PTO days (256 hours) per year for a full-time nurse). c. Tenth through Fourteenth Year of employment – .13846 hours of PTO for each accrual base hour (approximately 36 PTO days (288 hours) per year for a full- full-time nurse). d. Fifteenth through Nineteenth Year of employment – .14615 hours of PTO for each accrual base hour (approximately 38 PTO days (304 hours) per year for a full-time nurse). e. Twentieth and Subsequent Year of employment – .15385 hours of PTO for each accrual base hour (approximately 40 PTO days (320 hours) per year for a full- full-time nurse). However, nurses accruing at the rate of .15769 hours of PTO for each accrual base hour (approximately 41 PTO days (328 hours) per year for a full-time nurse) as of June 30, 2013 shall continue to accrue at that higher rate. f. There shall be a maximum PTO accrued balance for each nurse of 600 hours. Once an accrual balance reaches 600 hours, accrual shall stop until the balance is reduced below 600.

Appears in 3 contracts

Samples: Professional Services, Professional Agreement, Professional Agreement

Accrual Rates. Eligible nurses shall accrue PTO as followsfollows through December 31, 2011: a. A. First through Third Years of employment - .1000 hours of PTO for each accrual base hour (approximately 26 PTO days (208 hours) per year for a full-time nurse). B. Fourth through Eighth Years of employment - .1192 hours of PTO for each accrual base hour (approximately 31 PTO days (248 hours) per year for a full-time nurse). C. Ninth through Twentieth Years of employment - .1385 hours of PTO for each accrual base hour (approximately 36 PTO days (288 hours) per year for a full-time nurse). D. Twenty-First and Subsequent Years of employment - .1577 hours of PTO for each accrual base hour (approximately 41 PTO days (328 hours) per year for a full-time nurse.) E. There shall be a maximum PTO accrued balance for each nurse of 600 hours. Once an accrual balance reaches 600 hours, accrual shall stop until the balance is reduced below 600. Eligible nurses shall accrue PTO as follows effective January 1, 2012: A. First through Fourth Year of employment – .10385 hours of PTO for each accrual base hour (approximately 27 PTO days (216 hours) per year for a full-time nurse). b. B. Fifth through Ninth Year of employment – .12308 hours of PTO for each accrual base hour (approximately 32 PTO days (256 hours) per year for a full-time nurse). c. C. Tenth through Fourteenth Year of employment – .13846 hours of PTO for each accrual base hour (approximately 36 PTO days (288 hours) per year for a full- full-time nurse). d. D. Fifteenth through Nineteenth Year of employment – .14615 hours of PTO for each accrual base hour (approximately 38 PTO days (304 hours) per year for a full-time nurse). e. E. Twentieth and Subsequent Year of employment – .15385 hours of PTO for each accrual base hour (approximately 40 PTO days (320 hours) per year for a full- time nurse). However, nurses accruing at the rate of .15769 hours of PTO for each accrual base hour (approximately 41 PTO days (328 hours) per year for a full-time nurse) .) F. Nurses shall not suffer a reduction in accrual rate as a result of June 30, 2013 shall continue to accrue at that higher rateimplementation of the new accrual rates in Paragraphs A through C above. f. G. There shall be a maximum PTO accrued balance for each nurse of 600 hours. Once an accrual balance reaches 600 hours, accrual shall stop until the balance is reduced below 600.

Appears in 2 contracts

Samples: Professional Agreement, Professional Services

Accrual Rates. Eligible nurses shall accrue PTO as follows: 27 a. First through Fourth Year fourth year of employment – .10385 0.10385 hours of PTO for 28 each accrual base hour (approximately 27 twenty-seven PTO days ([216 hours) ] per 29 year for a full-time nurse). 1 b. Fifth through ninth year of employment – 0.12308 hours of PTO for 2 each accrual base hour (approximately thirty-two PTO days [two hundred fifty-six 3 hours] per year for a full-time nurse). b. Fifth 5 c. Tenth through Ninth Year fourteenth year of employment – .12308 0.13846 hours of 6 PTO for each accrual base hour (approximately 32 thirty-six PTO days (256 [two hundred 7 eighty-eight hours) ] per year for a full-time nurse). c. Tenth 9 d. Fifteenth through Fourteenth Year nineteenth year of employment – .13846 0.14615 hours 10 of PTO for each accrual base hour (approximately 36 thirty-eight PTO days (288 [three 11 hundred four hours) per year for a full- time nurse). d. Fifteenth through Nineteenth Year of employment – .14615 hours of PTO for each accrual base hour (approximately 38 PTO days (304 hours) ] per year for a full-time nurse). 13 e. Twentieth and Subsequent Year subsequent year of employment – .15385 0.15385 hours of 14 PTO for each accrual base hour (approximately forty PTO days [three hundred 15 twenty hours] per year for a full-time nurse). However, nurses accruing at the 16 rate of 0.15769 hours of PTO for each accrual base hour (approximately 40 forty- 17 one PTO days (320 [three hundred twenty-eight hours) per year for a full- time nurse). However, nurses accruing at the rate of .15769 hours of PTO for each accrual base hour (approximately 41 PTO days (328 hours) ] per year for a full-time nurse) 18 as of June 30, 2013 2013, shall continue to accrue at that higher rate. 20 f. There shall be a maximum PTO accrued balance for each nurse of 600 21 six hundred hours. Once an accrual balance reaches 600 six hundred hours, accrual 22 shall stop until the balance is reduced below 600six hundred.

Appears in 2 contracts

Samples: Professional Agreement, Professional Services

Accrual Rates. Eligible nurses shall accrue PTO as follows: a. First through Fourth Year of employment – .10385 hours of PTO for each accrual base hour (approximately 27 PTO days (216 hours) per year for a full-time nurse). b. Fifth through Ninth Year of employment – .12308 hours of PTO for each accrual base hour (approximately 32 PTO days (256 hours) per year for a full-time nurse). c. Tenth through Fourteenth Year of employment – .13846 hours of PTO for each accrual base hour (approximately 36 PTO days (288 hours) per year for a full- full-time nurse). d. Fifteenth through Nineteenth Year of employment – .14615 hours of PTO for each accrual base hour (approximately 38 PTO days (304 hours) per year for a full-time nurse). e. Twentieth and Subsequent Year of employment – .15385 hours of PTO for each accrual base hour (approximately 40 PTO days (320 hours) per year for a full- full-time nurse). However, nurses accruing at the rate of .15769 hours of PTO for each accrual base hour (approximately 41 PTO days (328 hours) per year for a full-time nurse) as of June 30, 2013 shall continue to accrue at that higher rate. f. There shall be a maximum PTO accrued balance for each nurse of 600 hours. Once an accrual balance reaches 600 hours, accrual shall stop until the balance is reduced below 600.

Appears in 1 contract

Samples: Professional Services

Accrual Rates. Eligible nurses shall accrue PTO as follows:follows:‌ 12 a. First through Fourth Year fourth year of employment – .10385 0.10385 hours of 13 PTO for each accrual base hour (approximately 27 twenty-seven PTO days (14 [216 hours) ] per year for a full-time nurse). 16 b. Fifth through Ninth Year ninth year of employment – .12308 0.12308 hours of 17 PTO for each accrual base hour (approximately 32 thirty-two PTO days ([256 18 hours) ] per year for a full-time nurse). 20 c. Tenth through Fourteenth Year fourteenth year of employment – .13846 0.13846 21 hours of PTO for each accrual base hour (approximately 36 thirty-six PTO 22 days ([288 hours) per year for a full- time nurse). d. Fifteenth through Nineteenth Year of employment – .14615 hours of PTO for each accrual base hour (approximately 38 PTO days (304 hours) ] per year for a full-time nurse). e. Twentieth and Subsequent Year 24 d. Fifteenth through nineteenth year of employment – .15385 0.14615 25 hours of PTO for each accrual base hour (approximately 40 thirty-eight PTO 26 days (320 [304 hours) ] per year for a full- full-time nurse). However, nurses accruing at the rate . 28 e. Twentieth and subsequent year of .15769 employment – 0.15385 29 hours of PTO for each accrual base hour (approximately 41 forty PTO days (328 30 [320 hours) ] per year for a full-time nurse). However, nurses accruing at 31 the rate of 0.15769 hours of PTO for each accrual base hour 32 (approximately forty-one PTO days [328 hours] per year for a full-time 33 nurse) as of June 30, 2013 shall continue to accrue at that higher rate. 1 f. There shall be a maximum PTO accrued balance for each 2 nurse of 600 hours. Once an accrual balance reaches 600 hours, accrual 3 shall stop until the balance is reduced below 600.

Appears in 1 contract

Samples: Professional Agreement

Accrual Rates. Eligible nurses shall accrue PTO as follows: 31 a. First through Fourth Year of employment – .10385 hours of PTO for 32 each accrual base hour (approximately 27 PTO days (216 hours) per year for a 33 full-time nurse). 1 b. Fifth through Ninth Year of employment – .12308 hours of PTO for 2 each accrual base hour (approximately 32 PTO days (256 hours) per year for a 3 full-time nurse). 5 c. Tenth through Fourteenth Year of employment – .13846 hours of 6 PTO for each accrual base hour (approximately 36 PTO days (288 hours) per 7 year for a full- full-time nurse). 9 d. Fifteenth through Nineteenth Year of employment – .14615 hours of 10 PTO for each accrual base hour (approximately 38 PTO days (304 hours) per 11 year for a full-time nurse). 13 e. Twentieth and Subsequent Year of employment – .15385 hours of 14 PTO for each accrual base hour (approximately 40 PTO days (320 hours) per 15 year for a full- full-time nurse). However, nurses accruing at the rate of .15769 hours 16 of PTO for each accrual base hour (approximately 41 PTO days (328 hours) per 17 year for a full-time nurse) as of June 30, 2013 shall continue to accrue at that 18 higher rate. 20 f. There shall be a maximum PTO accrued balance for each nurse of 21 600 hours. Once an accrual balance reaches 600 hours, accrual shall stop until 22 the balance is reduced below 600.

Appears in 1 contract

Samples: Professional Services

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Accrual Rates. Eligible nurses shall accrue PTO as followsfollows through December 31, 2011: a. A. First through Third Years of employment - .1000 hours of PTO for each accrual base hour (approximately 26 PTO days (208 hours) per year for a full-time nurse). B. Fourth through Eighth Years of employment - .1192 hours of PTO for each accrual base hour (approximately 31 PTO days (248 hours) per year for a full-time nurse). C. Ninth through Twentieth Years of employment - .1385 hours of PTO for each accrual base hour (approximately 36 PTO days (288 hours) per year for a full-time nurse). D. Twenty-First and Subsequent Years of employment - .1577 hours of PTO for each accrual base hour (approximately 41 PTO days (328 hours) per year for a full-time nurse.) E. There shall be a maximum PTO accrued balance for each nurse of 600 hours. Once an accrual balance reaches 600 hours, accrual shall stop until the balance is reduced below 600. Eligible nurses shall accrue PTO as follows effective January 1, 2012: A. First through Fourth Year of employment – .10385 hours of PTO for each accrual base hour (approximately 27 PTO days (216 hours) per year for a full-time nurse). b. B. Fifth through Ninth Year of employment – .12308 hours of PTO for each accrual base hour (approximately 32 PTO days (256 hours) per year for a full-time nurse). c. C. Tenth through Fourteenth Year of employment – .13846 hours of PTO for each accrual base hour (approximately 36 PTO days (288 hours) per year for a full- full-time nurse). d. D. Fifteenth through Nineteenth Year of employment – .14615 hours of PTO for each accrual base hour (approximately 38 PTO days (304 hours) per year for a full-full- time nurse). e. E. Twentieth and Subsequent Year of employment – .15385 hours of PTO for each accrual base hour (approximately 40 PTO days (320 hours) per year for a full- time nurse). However, nurses accruing at the rate of .15769 hours of PTO for each accrual base hour (approximately 41 PTO days (328 hours) per year for a full-time nurse) .) F. Nurses shall not suffer a reduction in accrual rate as a result of June 30, 2013 shall continue to accrue at that higher rateimplementation of the new accrual rates in Paragraphs A through C above. f. G. There shall be a maximum PTO accrued balance for each nurse of 600 hours. Once an accrual balance reaches 600 hours, accrual shall stop until the balance is reduced below 600.

Appears in 1 contract

Samples: Professional Agreement

Accrual Rates. Eligible nurses shall accrue PTO as follows: 18 a. First through Fourth Year fourth year of employment – .10385 0.10385 hours of 19 PTO for each accrual base hour (approximately 27 twenty-seven PTO days (20 [216 hours) ] per year for a full-time nurse). 22 b. Fifth through Ninth Year ninth year of employment – .12308 0.12308 hours of 23 PTO for each accrual base hour (approximately 32 thirty-two PTO days ([256 24 hours) ] per year for a full-time nurse). 26 c. Tenth through Fourteenth Year fourteenth year of employment – .13846 0.13846 27 hours of PTO for each accrual base hour (approximately 36 thirty-six PTO 28 days ([288 hours) ] per year for a full- full-time nurse).. Page 42 of 121 Date Accepted / / Accepted by XXX Accepted by Employer 1 d. Fifteenth through Nineteenth Year nineteenth year of employment – .14615 0.14615 2 hours of PTO for each accrual base hour (approximately 38 thirty-eight PTO 3 days ([304 hours) ] per year for a full-time nurse). 5 e. Twentieth and Subsequent Year subsequent year of employment – .15385 0.15385 6 hours of PTO for each accrual base hour (approximately 40 forty PTO days (7 [320 hours) ] per year for a full- full-time nurse). However, nurses accruing at 8 the rate of .15769 0.15769 hours of PTO for each accrual base hour 9 (approximately 41 forty-one PTO days ([328 hours) ] per year for a full-time 10 nurse) as of June 30, 2013 shall continue to accrue at that higher rate. 11 f. There shall be a maximum PTO accrued balance for each 12 nurse of 600 hours. Once an accrual balance reaches 600 hours, accrual 13 shall stop until the balance is reduced below 600.

Appears in 1 contract

Samples: Professional Services

Accrual Rates. Eligible nurses shall accrue PTO as follows: a. A. First through Fourth Year Third Years of employment – .10385 - .1000 hours of PTO for each accrual base hour (approximately 27 26 PTO days (216 208 hours) per year for a full-time nurse). b. Fifth B. Fourth through Ninth Year Eighth Years of employment – .12308 - .1192 hours of PTO for each accrual base hour (approximately 32 31 PTO days (256 248 hours) per year for a full-time nurse). c. Tenth C. Ninth through Fourteenth Year Twentieth Years of employment – .13846 - .1385 hours of PTO for each accrual base hour (approximately 36 PTO days (288 hours) per year for a full- time nurse). d. Fifteenth through Nineteenth Year D. Twenty-First and Subsequent Years of employment – .14615 hours of PTO for each accrual base hour (approximately 38 PTO days (304 hours) per year for a full-time nurse). e. Twentieth and Subsequent Year of employment – .15385 hours of PTO for each accrual base hour (approximately 40 PTO days (320 hours) per year for a full- time nurse). However, nurses accruing at the rate of .15769 - .1577 hours of PTO for each accrual base hour (approximately 41 PTO days (328 hours) per year for a full-time nurse) .) E. A change to a different accrual rate under the preceding paragraphs will be effective at the beginning of the pay period following the applicable anniversary date of employment. The modification to the accrual rates under Paragraphs C and D above shall not apply to nurses who have already entered their 20th year of service and are accruing at the Paragraph D rate as of June 30July 1, 2013 shall continue to accrue at that higher rate2006. f. F. There shall be a maximum PTO accrued balance for each nurse of 600 hours. Once an accrual balance reaches 600 hours, accrual shall stop until the balance is reduced below 600. Nurses with more than 560 accrued PTO hours as of July 1, 2006 shall be provided the opportunity to cash out all accrued hours in excess of 560 through July 1, 2007.

Appears in 1 contract

Samples: Professional Agreement

Accrual Rates. Eligible nurses shall accrue PTO as follows: 25 a. First through Fourth Year fourth year of employment – .10385 0.10385 hours of 26 PTO for each accrual base hour (approximately 27 twenty-seven PTO days (27 [216 hours) ] per year for a full-time nurse). 29 b. Fifth through Ninth Year ninth year of employment – .12308 0.12308 hours of 30 PTO for each accrual base hour (approximately 32 thirty-two PTO days ([256 31 hours) ] per year for a full-time nurse). 33 c. Tenth through Fourteenth Year fourteenth year of employment – .13846 0.13846 34 hours of PTO for each accrual base hour (approximately 36 thirty-six PTO 35 days ([288 hours) per year for a full- time nurse). d. Fifteenth through Nineteenth Year of employment – .14615 hours of PTO for each accrual base hour (approximately 38 PTO days (304 hours) ] per year for a full-time nurse). e. Twentieth and Subsequent Year 1 d. Fifteenth through nineteenth year of employment – .15385 0.14615 2 hours of PTO for each accrual base hour (approximately 40 thirty-eight PTO 3 days (320 [304 hours) ] per year for a full- full-time nurse). However, nurses accruing at the rate . 5 e. Twentieth and subsequent year of .15769 employment – 0.15385 6 hours of PTO for each accrual base hour (approximately 41 forty PTO days (328 7 [320 hours) ] per year for a full-time nurse). However, nurses accruing at 8 the rate of 0.15769 hours of PTO for each accrual base hour 9 (approximately forty-one PTO days [328 hours] per year for a full-time 10 nurse) as of June 30, 2013 shall continue to accrue at that higher rate. 12 f. There shall be a maximum PTO accrued balance for each 13 nurse of 600 hours. Once an accrual balance reaches 600 hours, accrual 14 shall stop until the balance is reduced below 600.

Appears in 1 contract

Samples: Professional Agreement

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