Common use of Computation of Credit Clause in Contracts

Computation of Credit. After establishment of initial eligibility for sick leave, no additional sick leave credit will be accumulated during periods on layoff, or for absence in excess of the first thirty (30) calendar days of the leave of absence period. Such absence during a year will reduce the sick leave credit granted at the beginning of the next year. The reduction will be in proportion of 1/365th of forty (40) hours for each calendar day of absence, rounded to the next 1/10th hour.

Appears in 5 contracts

Samples: Production and Maintenance Agreement, Production and Maintenance Agreement, Production and Maintenance Agreement

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