Crediting Accruals Sample Clauses

Crediting Accruals. A supervisor who is reinstated or reappointed to State service, and within four (4) years from the date of resignation in good standing or retirement shall accrue vacation leave with the same credit for length of service that existed at the time of such separation. An Appointing Authority may adjust length of service to reflect credit for the supervisor’s previous public sector service including service with the Minnesota Historical Society and the Metropolitan Council, or previous private sector experience in a position directly related to the supervisor’s current State position. Length of service credit shall be subject to the following conditions: 1. The supervisor must have been appointed to State service within four (4) years of separation from the other employer. 2. The only time credited will be for the time the supervisor spent in a vacation eligible position with the other employer. 3. The supervisor must provide the necessary documentation demonstrating their previous vacation eligibility status. 4. The amount of the length of service credit granted is at the discretion of the Appointing Authority. An Appointing Authority may, at its discretion, adjust length of service to reflect credit for all, none or a portion of the supervisor’s service in the United States Armed Forces provided the service was full-time and continuous for at least one (1) year. The supervisor must have been appointed to State service within four (4) year of separation from the Armed Forces. A supervisor may, at any time, request that prior public sector service, United States Armed Forces service, or private sector service in a position directly related to the supervisor’s current State position be credited for purposes of vacation accrual. Changes in the accrual rate will commence effective at the beginning of the next payroll period following the Appointing Authority’s approval of the adjusted rate, and are not retroactive. Upon request, supervisors of any branch of Minnesota State government who are appointed to the Executive Branch within four (4) years of the date of resignation in good standing or retirement, shall receive credit for their length of service in the other branch of Minnesota State government that existed at the time of such transfer or separation for vacation accrual purposes provided that the supervisor was in an eligible status as defined in Section 1(A) of this Article when employed by the other branch of Minnesota State government. Such supervisors ...
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Crediting Accruals. Pre-service Corrections Officer trainee service and any other Department of Corrections trainee service that is unbroken and precedes a probationary appointment does not apply toward vacation accumulation except as modified below. For the purposes of determining an employee’s length of service credit for vacation accruals, the Appointing Authority shall use the date the employee was appointed to a trainee classification, provided the employee began accruing vacation immediately after completing training. However, for trainees who had accrued vacation prior to being appointed to a trainee classification, the employee’s length of service credit for vacation accruals will include any time when vacation was previously accrued. In the case of an employee who had previously served as an intermittent Corrections Officer, the employee’s length of service credit for vacation accruals will be the State Seniority date.
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Crediting Accruals. Once an employee has become eligible to use vacation, vacation accruals shall then be credited back to the date of hire in an eligible position.
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Crediting Accruals. A supervisor who is reinstated or reappointed to State service, and within four
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Crediting Accruals. Once an employee has completed six months of service in a vacation eligible status, vacation accruals shall then be credited back to the original date of eligibility as defined in Section 1A. above.
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Crediting Accruals. Pre-service Corrections Officer trainee service and any other Department 14 of Corrections trainee service that is unbroken and precedes a probationary appointment does 15 not apply toward vacation accumulation except as modified below.
Sample 1
Crediting Accruals. A supervisor who is reinstated or reappointed to State service, and within four 15 (4) years from the date of resignation in good standing or retirement shall accrue vacation leave 16 with the same credit for length of service that existed at the time of such separation.
Sample 1
Crediting Accruals. Full time Employees shall earn paid vacation based on years of continuous service with the Employer in Accordance with the following schedule: 0 through 1 year 3.08 hours per pay period After 1 through 5 years 3.70 hours per pay period After 5 through 10 years 4.31 hours per pay period After 10 through 15 years 4.93 hours per pay period After 15 through 20 years 5.54 hours per pay period After 20 through 25 years 6.16 hours per pay period After 25 years 6.76 hours per pay period Part-time employees shall earn pro-rata vacation benefits based on the number of hours worked during a calendar month. Changes in accrual rates shall be made effective at the beginning of the next payroll period following the completion of the specified length of service requirement. Employees, who began employment at a vacation rate higher than the vacation accrual rate listed under the 0-1 year service rate, shall advance vacation accrual rates based on years of service at each rate.
Sample 1
Crediting Accruals. A supervisor who is reinstated or reappointed to State service, and 18 within four (4) years from the date of resignation in good standing or retirement shall 19 accrue vacation leave with the same credit for length of service that existed at the time of 20 such separation. 1 An Appointing Authority may adjust length of service to reflect credit for the supervisor’s 2 previous public sector service including service with the Minnesota Historical Society and 3 the Metropolitan Council, or previous private sector experience in a position directly related 4 to the supervisor’s current State position. Length of service credit shall be subject to the 6 1. The supervisor must have been appointed to State service within four (4) years of 7 separation from the other employer. 8 2. The only time credited will be for the time the supervisor spent in a vacation eligible 9 position with the other employer. 10 3. The supervisor must provide the necessary documentation demonstrating their previous 11 vacation eligibility status. 12 4. The amount of the length of service credit granted is at the discretion of the Appointing
Sample 1

Related to Crediting Accruals

  • Crediting of Deposits Deposits made after the deposit cutoff time and deposits made on holidays or days other than our business days will be credited to your account on the next business day.

  • Crediting of Accounts If PFPC Trust in its sole discretion credits an Account with respect to (a) income, dividends, distributions, coupons, option premiums, other payments or similar items on a contractual payment date or otherwise in advance of PFPC Trust's actual receipt of the amount due, (b) the proceeds of any sale or other disposition of assets on the contractual settlement date or otherwise in advance of PFPC Trust's actual receipt of the amount due or (c) provisional crediting of any amounts due, and (i) PFPC Trust is subsequently unable to collect full and final payment for the amounts so credited within a reasonable time period using reasonable efforts or (ii) pursuant to standard industry practice, law or regulation PFPC Trust is required to repay to a third party such amounts so credited, or if any Property has been incorrectly credited, PFPC Trust shall have the absolute right in its sole discretion without demand to reverse any such credit or payment, to debit or deduct the amount of such credit or payment from the Account, and to otherwise pursue recovery of any such amounts so credited from the Fund. Nothing herein or otherwise shall require PFPC Trust to make any advances or to credit any amounts until PFPC Trust's actual receipt thereof. The Fund hereby grants a first priority contractual possessory security interest in and a right of setoff against the assets maintained in an Account hereunder in the amount necessary to secure the return and payment to PFPC Trust of any advance or credit made by PFPC Trust (including charges related thereto) to such Account.

  • Accruals All material accruals for unpaid vacation pay, premiums for unemployment insurance, health premiums, federal or provincial pension plan premiums, accrued wages, salaries and commissions and payments for any plan for any officer, director, employee or consultant of the Corporation have been accurately reflected in the books and records of the Corporation.

  • Cash Accounts The Custodian will open and maintain in the name of the Client one or more cash deposit accounts (each a “Cash Account”) in such currencies as may be required in connection with the investment activity of the Client.

  • Crediting Payments The receipt of any payment item by Agent shall not be required to be considered a payment on account unless such payment item is a wire transfer of immediately available funds made to Agent’s Account or unless and until such payment item is honored when presented for payment. Should any payment item not be honored when presented for payment, then Borrowers shall be deemed not to have made such payment. Anything to the contrary contained herein notwithstanding, any payment item shall be deemed received by Agent only if it is received into Agent’s Account on a Business Day on or before 1:30 p.m. If any payment item is received into Agent’s Account on a non-Business Day or after 1:30 p.m. on a Business Day (unless Agent, in its sole discretion, elects to credit it on the date received), it shall be deemed to have been received by Agent as of the opening of business on the immediately following Business Day.

  • CREDITS TO ACCOUNT Promptly after each purchase or sale of Securities by the Fund, the Fund shall deliver to Custodian a Certificate or Instructions, or with respect to a purchase or sale of a Security generally required to be settled on the same day the purchase or sale is made, Oral Instructions specifying all information Custodian may reasonably request to settle such purchase or sale. Custodian shall account for all purchases and sales of Securities on the actual settlement date unless otherwise agreed by Custodian,

  • Retirement Accounts With respect to certain retirement plans or accounts (such as individual retirement accounts (“IRAs”), SIMPLE IRAs, SEP IRAs, Xxxx IRAs, Education IRAs, and 403(b) Plans (such accounts, “Retirement Accounts”), the Transfer Agent, at the request and expense of the Fund, provide or arrange for the provision of various services to such plans and/or accounts, which services may include custodial agent services such as account set-up maintenance, and disbursements as well as such other services as the parties hereto shall mutually agree upon.

  • Cash Account Except as otherwise provided in Instructions acceptable to Bank, all cash held in the Cash Account shall be deposited during the period it is credited to the Account in one or more deposit accounts at Bank or at Bank's London Branch. Any cash so deposited with Bank's London Branch shall be payable exclusively by Bank's London Branch in the applicable currency, subject to compliance with any Applicable Law, including, without limitation, any restrictions on transactions in the applicable currency imposed by the country of the applicable currency.

  • Deferred Compensation Account The Employer shall maintain on its books and records a Deferred Compensation Account to record its liability for future payments of deferred compensation and interest thereon required to be paid to the Employee or his beneficiary pursuant to this Agreement. However, the Employer shall not be required to segregate or earmark any of its assets for the benefit of the Employee or his beneficiary. The amount reflected in said Deferred Compensation Account shall be available for the Employer's general corporate purposes and shall be available to the Employer's general creditors. The amount reflected in said Deferred Compensation Account shall not be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment or garnishment by creditors of the Employee or his beneficiary, and any attempt to anticipate, alienate, transfer, assign or attach the same shall be void. Neither the Employee nor his beneficiary may assert any right or claim against any specific assets of the Employer. The Employee or his beneficiary shall have only a contractual right against the Employer for the amount reflected in said Deferred Compensation Account and shall have the status of general unsecured creditors. Notwithstanding the foregoing, in order to pay amounts which may become due under this Agreement, the Employer may establish a grantor trust (hereinafter the "Trust") within the meaning of Section 671 of the Internal Revenue Code of 1986, as amended. The assets in such Trust shall at all times be subject to the claims of the general creditors of the Employer in the event of the Employer's bankruptcy or insolvency, and neither the Employee nor any beneficiary shall have any preferred claim or right, or any beneficial ownership interest in, any such assets of the Trust prior to the time such assets are paid to the Employee or beneficiary pursuant to this Agreement. The Employer shall credit to said Deferred Compensation Account the amount of any salary to which the Employee becomes entitled and which is deferred pursuant to Section 1 hereof, such amount to be credited as of the first business day of each month. The Employer shall also credit to said Deferred Compensation Account an Interest Equivalent in the amount and manner set forth in Section 3 hereof.

  • Vacation Accrual ‌ A. During the first three (3) years of employment, a full-time employee in a regular or limited-term position shall earn .0385 hours of vacation for each hour of pay during his or her regularly scheduled workweek (approximately eighty [80] hours per year). Part-time employees will earn vacation on a pro- rated basis. Such credit shall be applied to the employee's vacation accrual account only upon completion of each pay period. B. After an employee in a regular or limited-term position has been paid for six thousand two hundred forty (6240) regularly scheduled hours, the employee shall earn .0577 hours of vacation for each hour of pay during his or her regularly scheduled workweek (approximately one hundred twenty [120] hours per year), but not to exceed credit for more than eighty (80) regularly scheduled hours in any pay period. Such credit shall be applied to the employee's vacation accrual account only upon completion of each pay period. C. Commencing with the pay period following that in which the employee completed ten (10) years of continuous full-time County service (20,800 regularly scheduled hours), an employee in a regular or limited-term position shall earn .077 hours of vacation for each hour of pay during his or her regularly scheduled workweek (approximately one hundred sixty [160] hours per year), under the same terms and conditions as under subsection B., above. D. The maximum allowable vacation credit an employee may accrue at any one (1) time for employees with less than ten (10) years of continuous County service shall be two hundred forty (240) hours. The maximum allowable vacation credit an employee may accrue at any one (1) time for employees with ten (10) or more years of continuous County service (20,800 regularly scheduled hours) shall be three hundred twenty (320) hours. An employee who has accrued the maximum allowable vacation credit will not accrue additional credit until the employee’s vacation credit drops below the maximum allowed.