Definitions and Sick Leave Accrual Rates Sample Clauses

Definitions and Sick Leave Accrual Rates. Sick leave eligibility/anniversary date - date on which an employee begins to accrue sick leave hours each year. This is the anniversary of the employee’s last start date. • Current sick leave account – an account in which current year awarded sick leave hours are accumulated, maintained and used. • Unused sick leave account – an account in which sick leave earned but not used from previous years is accumulated and is maintained for use as needed. These hours accumulate from year to year without limit to the total number of accumulated hours.
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Definitions and Sick Leave Accrual Rates. 34 • Sick leave eligibility/anniversary date – date on which an employee begins to accrue sick leave 35 hours each year. This is the anniversary of the employee’s last start date. 36 37 • Current sick leave account – an account in which current year awarded sick leave hours are 38 accumulated, maintained and used. 39 40 • Unused sick leave account – an account in which sick leave earned but not used from previous 41 years is accumulated and is maintained for use as needed. These hours accumulate from year to 42 year without limit to the total number of accumulated hours. 43 44 6.3 Award, Accumulation and Maintenance of Sick Leave Hours 45 46 • Award – after completing one full month of continuous Company service, employees are 47 awarded eight hours each consecutive month, up to a maximum of eighty (80) hours per sick leave 48 eligibility year. These hours are available for use in the current sick leave account. 49 50 • When the continuity of employment is broken other than by layoff or termination to 51 enter military service, an employee must begin with the date of reemployment to accumulate 52 one (1) month continuous active service with the Company before being eligible for 53 sick leave. 55 • For part-time employees, sick leave credits will be accumulated in the proportion that the 56 hours worked bear to full-time hours, rounded to the nearest one-tenth hour unit. • Accumulation – upon reaching the annual sick leave eligibility date, one half of the remaining 1 hours in the current sick leave account will be moved to the unused sick leave account and 2 maintained there while the other half of the current year account is forfeited. 3 • Maintenance of Current Sick Leave Account – when this account is zeroed out upon reaching 5 the employee’s eligibility/anniversary date, a new sick leave award period begins. 6
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Definitions and Sick Leave Accrual Rates. 3 Section 6.3 Award, Accumulation and Maintenance of Sick Leave Hours. 15 Other Accrual Provisions (Full-Time Employees) 41 1 Agreement will not be changed as a result of this Agreement.
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Definitions and Sick Leave Accrual Rates. 51 53 sick leave hours each year. This is the anniversary of the employee’s last start date. 56 hours are accumulated, maintained and used. Section 6.3 Award, Accumulation and Maintenance of Sick Leave Hours. 5 Other Accrual Provisions (Full-Time Employees) 35
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Related to Definitions and Sick Leave Accrual Rates

  • Vacation Leave Accrual Rate Schedule Full Years of Service Hours Per Year

  • Vacation Accrual Rates Laid off employees who are re-employed shall have the vacation accrual rate they held immediately prior to layoff restored.

  • Accrual Rates All eligible employees shall accrue vacation pay according to the following rates:

  • Employee Definitions A Regular Full-Time Employee is an employee who is employed on a full-time basis of 35, 37½, 40 or such other number of weekly hours as is recognized in the Collective Agreement as normal for a particular class of positions, for an indefinite period of time.

  • Accrual Rate Compensatory time for employees will accrue at the rate of one and one-half hours for each one hour of overtime worked.

  • Definitions and Basic Provisions The following definitions and basic provisions shall be used in conjunction with and limited by the reference thereto in the provisions of this lease:

  • Interest Rates and Letter of Credit Fee Rates Payments and Calculations (a) Interest Rates. Except as provided in Section 2.13(c) and Section 2.15(a), all Obligations (except for the undrawn portion of the face amount of Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest at a per annum rate equal to the lesser of (i) the LIBOR Rate plus the Applicable Margin, or (ii) the maximum rate of interest allowed by applicable laws; provided, that following notice to Borrower in accordance with Section 2.15(a) hereof, all Obligations that have been charged to the Loan Account pursuant to the terms hereof shall bear interest at a per annum rate equal, during the duration of the circumstances described in Section 2.15(a), to the lesser of (A) the Base Rate plus the Applicable Margin as calculated pursuant to Section 2.15(a) or (B) the maximum rate of interest allowable by applicable laws.

  • Definitions Etc For purposes of this Section 5 and Section 7: The issuance of any warrants, options or other subscription or purchase rights with respect to shares of Common Stock and the issuance of any securities convertible into or exchangeable for shares of Common Stock (or the issuance of any warrants, options or any rights with respect to such convertible or exchangeable securities) shall be deemed an issuance at such time of such Common Stock if the Net Consideration Per Share which may be received by the Company for such Common Stock (as hereinafter determined) shall be less than the Purchase Price at the time of such issuance and, except as hereinafter provided, an adjustment in the Purchase Price and the number of shares of Common Stock issuable upon exercise of this Warrant shall be made upon each such issuance in the manner provided in Section 5. 1. Any obligation, agreement or undertaking to issue warrants, options, or other subscription or purchase rights at any time in the future shall be deemed to be an issuance at the time such obligation, agreement or undertaking is made or arises. No adjustment of the Purchase Price and the number of shares of Common Stock issuable upon exercise of this Warrant shall be made under Section 5.1 upon the issuance of any shares of Common Stock which are issued pursuant to the exercise of any warrants, options or other subscription or purchase rights or pursuant to the exercise of any conversion or exchange rights in any convertible securities if any adjustment shall previously have been made upon the issuance of any such warrants, options or other rights or upon the issuance of any convertible securities (or upon the issuance of any warrants, options or any rights therefor) as above provided. Any adjustment of the Purchase Price and the number of shares of Common Stock issuable upon exercise of this Warrant with respect to this Section 5.2 which relates to warrants, options or other subscription or purchase rights with respect to shares of Common Stock shall be disregarded if, as, and to the extent that such warrants, options or other subscription or purchase rights expire or are canceled without being exercised, so that the Purchase Price effective immediately upon such cancellation or expiration shall be equal to the Purchase Price that otherwise would have been in effect at the time of the issuance of the expired or canceled warrants, options or other subscriptions or purchase rights, with such additional adjustments as would have been made to that Purchase Price had the expired or cancelled warrants, options or other subscriptions or purchase rights not been issued. For purposes of this Section 5.2, the "Net Consideration Per Share" which may be received by the Company shall be determined as follows:

  • Overtime Definition Overtime shall be defined as being all hours worked in excess of the normal or standard work day, or in excess of the normal or standard work week. The overtime rate shall be one and one-half (1½) times the regular straight time hourly rate of pay. NOTE: Article 16.04 is applicable to full-time employees only.

  • Sick Leave Credit-Based Retirement Gratuities 1) A Teacher is not eligible to receive a sick leave credit gratuity after August 31, 2012, except a sick leave credit gratuity that the Teacher had accumulated and was eligible to receive as of that day. 2) If the Teacher is eligible to receive a sick leave credit gratuity, upon the Teacher’s retirement, the gratuity shall be paid out at the lesser of, a) the rate of pay specified by the board’s system of sick leave credit gratuities that applied to the Teacher on August 31, 2012; and b) the Teacher’s salary as of August 31, 2012. 3) If a sick leave credit gratuity is payable upon the death of a Teacher, the gratuity shall be paid out in accordance with subsection (2). 4) For greater clarity, all eligibility requirements must have been met as of August 31, 2012 to be eligible for the aforementioned payment upon retirement, and the Employer and Union agree that any and all wind-up payments to which Teachers without the necessary years of service were entitled to under Ontario Regulation 01/13: Sick Leave Credits and Sick Leave Credit Gratuities, have been paid. 5) For the purposes of the following boards, despite anything in the board’s system of sick leave credit gratuities, it is a condition of eligibility to receive a sick leave credit gratuity that the Teacher have ten (10) years of service with the board: i. Near North District School Board ii. Avon Maitland District School Board iii. Xxxxxxxx-Xxxxxxxxx District School Board

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