Accumulation of Credit Sample Clauses

Accumulation of Credit. A. A full-time unit member is defined, for purposes of this Article, as a unit member who is regularly employed by the Board for at least eight (8) hours per day. B. Unit members who are employed by the Board as of January 1, 2016 shall continue to accrue the hourly equivalent of fifteen sick leave days each contract year, prorated based upon their full time equivalent status. C. Unit members employed after January 1, 2016 shall accrue four and six-tenths (4.6) hours of paid sick leave for each completed eighty (80) hours of service, up to a maximum of one hundred twenty (120) hours of paid sick leave per contract year. D. Unit members are eligible to accrue a maximum of two thousand eighty (2080) hours of paid sick leave. Unit members who are regularly scheduled to work less than eight (8) hours per day are eligible to accrue a pro-rata portion of this maximum sick leave accrual. For example, a unit member regularly scheduled to work four (4) hours per day is eligible to accrue up to one thousand and forty (1040) hours of paid sick leave.
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Accumulation of Credit. Sick leave is earned at the rate of one and one-quarter (1-1/4) days per month of employment, or fifteen (15) days per year.
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Accumulation of Credit. Sick leave is earned in accordance with State minimum requirements at the rate of 1-1/4 days per month of employment, or fifteen (15) days per calendar year, except that the requirements of H.B. 153 regarding the sick leave accrual rate for casual substitutes, and adult education instructors, shall govern. Paychecks shall reflect sick leave accumulation at the rate of one and one-quarter days per month.
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Accumulation of Credit. 1. All regular, full-time unit members shall be entitled to accrue fifteen (15) days of paid sick leave for each contract year, at a rate of one and one-quarter (1.25) days per month. Unit members who are employed for less than a full contract year shall earn sick leave in proportion to the fractional part of the contract year that remains. 2. Unused sick leave shall accumulate to a maximum of two hundred and ten (210) days. The Board shall accept the transfer of accumulated sick leave up to two hundred and ten (210) days for any new employee who acquired sick leave in another position of public service in Ohio, provided that the termination of such service occurred within ten (10) years of hire.
Sample 1
Accumulation of Credit. On the effective date of an employee’s initial contract and annually thereafter at the beginning of each school year, each employee shall be credited with an advanced allowance of one (1) day for each fifteen (15) days (8 hours for each 120 hours) of contracted service, to a maximum of twelve (12) days per contracted year. One-half (1/2) day shall be credited in instances where such formula results in a fraction of five-tenth (5/10) or more. These days shall be used for the following provisions outlined below. The unused portion of such leave shall accumulate from year to year to a maximum of one thousand four hundred forty (1,440) hours. Employees will be compensated for unused general leave days in accordance with legal requirements.
Sample 1
Accumulation of Credit. On the effective date of an employee’s initial contract and annually thereafter at the beginning of each school year, each employee shall be credited with an advanced allowance of one (1) day for each fifteen (15) days (8 hours for each 120 hours) of contracted service, to a maximum of twelve (12) days per contracted year. One-half (1/2) day shall be credited in instances where such formula results in a fraction of five-tenth (5/10) or more. These days shall be used for the following provisions outlined below: Illness or Injury, Emergency, Ceremony, and Personal. The unused portion of such leave shall accumulate from year to year to a maximum of one thousand four hundred forty (1,440) hours. Employees will be compensated for unused sick leave days in accordance with legal requirements. The parties agree that employees who retire who are eligible in accordance with the appropriate statute (RCW 28A.400.210) shall be compensated for their respective accumulated sick leave in accordance with applicable state regulations. Upon request, employees shall be compensated annually for unused sick leave days pursuant to RCW 28A.400.210, and in accordance with appropriate regulations as established by the Superintendent of Public Instruction. Unless otherwise prohibited by law, employees who elect to retire under the provisions of an early retirement legislation shall receive remuneration for accrued leave for illness or injury pursuant to District procedures on the following schedule: (a) one-half of said amount shall be paid at the time of the employee’s separation from employment as is allowed for other retiring employees; and (b) the remaining balance shall be paid on the date the employee would have been eligible to retire under RCW 41.32.480 or RCW 41.40, or spread in equal installments over the three years following the date of the employee’s separation from employment, whichever occurs first.
Sample 1

Related to Accumulation of Credit

  • Application of credit balances Each Creditor Party may without prior notice: (a) apply any balance (whether or not then due) which at any time stands to the credit of any account in the name of the Borrower at any office in any country of that Creditor Party in or towards satisfaction of any sum then due from the Borrower to that Creditor Party under any of the Finance Documents; and (b) for that purpose: (i) break, or alter the maturity of, all or any part of a deposit of the Borrower; (ii) convert or translate all or any part of a deposit or other credit balance into Dollars; (iii) enter into any other transaction or make any entry with regard to the credit balance which the Creditor Party concerned considers appropriate.

  • Termination of Credit Facility The Credit Facility shall terminate on the earliest of (a) the third anniversary of the Closing Date (the "Maturity Date"), (b) the date of termination by the Borrower pursuant to Section 2.5(a) and (c) the date of termination by the Administrative Agent on behalf of the Lenders pursuant to Section 10.2(a).

  • Extension of Credit For the purposes hereof, each drawdown, rollover and conversion shall be deemed to be an extension of credit to the Borrower hereunder.

  • Transfer of Credits The receiving institution will accept 60 credits from the sending program. A total of 62 credits remain to complete the receiving program.

  • Initial Extension of Credit The obligation of Lender to make the initial Advance or issue the initial Letter of Credit is subject to the condition precedent that Lender will have received on or before the day of such Advance or issuance of such Letter of Credit all of the following, each dated (unless otherwise indicated) the Closing Date, in form and substance satisfactory to Lender:

  • Reserve Account Draw Amount On or before two Business Days before a Payment Date, the Servicer will calculate the Reserve Account Draw Amount for the Payment Date and will direct the Indenture Trustee to withdraw from the Reserve Account and deposit the Reserve Account Draw Amount into the Collection Account on or before the Payment Date.

  • Transcription of Credit For dual credit courses, high school as well as college credit should be transcripted immediately upon a student's completion of the performance required in the course. [TAC 19, Part 1, Chapter 4, Subchapter D, §4.85 (h)]

  • Amount of Credit Any reference herein to the amount of credit outstanding means, at any particular time: (a) in the case of a Canadian Prime Rate Loan or CDOR Loan, the Dollar Equivalent of the principal amount thereof; and (b) in the case of a LIBOR Loan or U.S. Base Rate Loan, the principal amount of such Loan.

  • Use of Credit Neither the Borrower nor any of its Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying Margin Stock, and no part of the proceeds of any extension of credit hereunder will be used to buy or carry any Margin Stock.

  • Funding Account The Administrative Agent shall have received a notice setting forth the deposit account of the Borrower (the “Funding Account”) to which the Administrative Agent is authorized by the Borrower to transfer the proceeds of any Borrowings requested or authorized pursuant to this Agreement.

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