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Common use of Accumulation Account Clause in Contracts

Accumulation Account. An employee’s Accumulation Account, established as of July 1, 1986, includes the following: (a) All Regular hours worked (excluding overtime), from July 1, 1986, as a Regular, Term, Casual/Part-time employee on the following basis: (i) Operator Services – Thirty-five (35) hours worked will equal seven (7) days for accumulation purposes. A Part-time employee who works a six (6) hour evening shift will be credited with seven (7) hours work for the purpose of this formula. (ii) Clerical – Thirty-six and one quarter (36.25) hours worked will equal seven (7) days for accumulation purposes. (b) All Regular Full-time, Regular Part-time and Term service prior to July 1, 1986, provided there has been no break in service. (c) Any previous Full-time service that qualifies under the bridging rules will be credited to the Accumulation Account when the conditions outlined under the bridging rules are met. (d) The Accumulation Account will be used to establish a NCS date upon reclassification to Regular.

Appears in 3 contracts

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

Accumulation Account. An employee’s Accumulation Account, established as of July 1, 1986, includes the following: (a) All Regular hours worked (excluding overtime), from July 1, 1986, as a Regular, Term, Casual/Part-time employee on the following basis: (i) Operator Services – Thirty-five (35) hours worked will equal seven (7) days for accumulation purposes. A Part-time employee who works a six (6) hour evening shift will be credited with seven (7) hours work for the purpose of this formula. (ii) Clerical – Thirty-six and one quarter (36.25) hours worked will equal seven (7) days for accumulation purposes. (b) All Regular Full-time, Regular Part-Part- time and Term service prior to July 1, 1986, provided there has been no break in service. (c) Any previous Full-time service that qualifies under the bridging rules will be credited to the Accumulation Account when the conditions outlined under the bridging rules are met. (d) The Accumulation Account will be used to establish a NCS date upon reclassification to Regular.

Appears in 1 contract

Samples: Collective Bargaining Agreement