Common use of Credits and Debits Clause in Contracts

Credits and Debits. These are calculated at the end of the accounting period when the number of hours worked varies from the required number of hours to be worked. No one can have a credit of more than fifteen (15) hours, or a debit of more than ten (10) hours, at the end of a given accounting period. Credit hours in excess of 15 hours will be forfeit. Debit hours in excess of ten (10) hours for two (2) consecutive accounting periods will be considered as absence without pay. If a debit in excess of ten (10) hours continues for a third consecutive accounting period, the person should be removed from the privilege of flexible hours. Credit hours being used may not be taken during core hours or when assigned by schedule except with the prior approval of one’s supervisor. Credit hours can be used during the following accounting period by working shorter daily hours outside of the core or scheduled periods, having informed one’s supervisor.

Credits and Debits. These are calculated at the end of the accounting period when the number of hours worked varies from the required number of hours to be worked. No one can have a credit of more than fifteen (15) hours, or a debit of more than ten (10) hours, at the end of a given accounting period. Credit hours in excess of 15 hours will be forfeit. Debit hours in excess of ten (10) hours for two (2) consecutive accounting periods will be considered as absence without pay. If a debit in excess of ten (10) hours continues for a third consecutive accounting period, the person should be removed from the privilege of flexible hours. Credit hours being used in less than half-day or full-day units may not be taken during core hours or when assigned by schedule except by prior arrangement with the prior approval of one’s supervisor. Credit hours can be used during the following accounting period by working shorter daily hours outside of the core or scheduled periods, having informed one’s supervisor.by: