Entitlement and Accumulation Sample Clauses

Entitlement and Accumulation a) A permanent full-time or probationary employee, shall be allowed for illness, or other pressing necessity, fifteen (15) working days per year on the basis of one and one-quarter (1 1/4) working days for each completed calendar month of service. For Permanent part-time, term and relief provided that periods of service are not interrupted by resignation, dismissal, or an interval of non-employment of greater than one hundred and twenty (120) calendar days, an employee shall earn and accumulate sick leave at the rate of: i) For thirty-seven and one-third (37 1/3) hour per week designation – regular hours worked multiplied by 0.0618 = earned hours of sick leave credits. ii) For thirty-six (36) hour per week designation – regular hours worked multiplied by 0.0641 = earned hours of sick leave credits. Basis - for the purpose of time calculation for earned benefits, completed calendar months of service shall include time worked, paid vacation leave, paid sick leave and leave of absence with pay. b) Initial probationary employees with less than three (3) months continuous service shall be allowed to take, but have not earned, up to five (5) working days. c) Leave benefits shall not accumulate when an employee is receiving Tuberculosis Compensation. d) When an employee separates from the service, his accumulated sick leave will be calculated by adding the number of days' service in the first month of employment, or leave of absence if less than the full number of working days in that month, plus the number of days' service in the final month of employment, or leave of absence if less than the full number of working days in that month, when equal to or greater than twenty-two (22) days, shall count as a month's service. e) Wherever medical evidence is submitted to substantiate that absence is due to a reaction following an immunization shot provided by management, no charge will be made against accumulated sick leave. f) If a full time term employee or less than full time employee is ill on a day on which he has been pre-scheduled to work, he shall be able, subject to the provisions of 19.04, 19.05 and 19.06, draw against his sick leave accumulation.
Sample 1
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Entitlement and Accumulation a. Every full time bargaining unit member in the District shall be entitled to ten (10) days leave of absence for illness or injury (sick leave) with full pay for a regular school year of service. b. A bargaining unit member serving the District on less than a full time basis or for less than a full school year shall have sick leave credited to his/her sick leave account in an amount that is directly proportionate to the amount of time spent in required service to the District when compared to the amount of such time that would be spent by a regular full time employee. c. Persons who teach during the full term of the District’s summer school program (total number of days offered taught) shall have one additional day of sick leave credited to their sick leave account. d. The full amount of a bargaining unit member’s sick leave entitlement shall be credited to his/her sick leave account at the beginning of the school year or upon the unit member’s first day of employment, whichever occurs first. Credit for sick leave need not be “earned” prior to utilization of such leave by the unit member, and such leave may be taken at any time during the school year. e. Total sick leave earned in any one year shall be calculated to the nearest one-half (1/2) of a day. f. If a bargaining unit member does not utilize the full amount of sick leave to which he/she is entitled in any school year, the amount not utilized shall be carried forward in his/her sick leave account with the District and shall accumulate from year to year. g. The District shall provide each bargaining unit member with a statement which shall be current as of September 30 of the contract year indicating the total number of days which have been credited to his/her sick leave account as of that time. Such statement shall be delivered to unit member no later than October 15.
Sample 1
Entitlement and Accumulation. 1. Every full-time teacher shall be entitled to ten (10) days of leave of absence for illness or injury for a regular school year of service. 2. Teachers who serve the District on less than a full-time basis (i.e., part-time, or partial school year) during a given school year shall have that proportion of ten (10) days sick leave credited to their sick leave accounts which is directly proportionate to the amount of such time thus spent by a regular full-time employee. 3. Unused earned sick leave shall accrue from school year to school year. 4. At the beginning of each school year each teacher’s sick leave account shall be credited with an allotment of available leave time equal to his/her sick leave entitlement for that school year. 5. Available sick leave notification is provided monthly on each in employee’s pay warrant. 6. If a teacher leaves his/her position of employment with the District prior to the completion of the school year, any sick leave that was used, but not earned by the employee during that school year shall be deducted from said employee’s sick leave account. Should this result in a negative balance of sick leave time in the employee’s sick leave account, the District may reduce the teacher’s final pay warrant by the amount equal to the negative balance times the employees’ regular daily and/or hourly rate of pay. 7. Only that portion of a teacher’s sick leave which is actually earned and remains unused shall be permanently credited to his/her sick leave account.
Sample 1
Entitlement and Accumulation. 29.3.1.1 The employee is not entitled during the first 12 months of any period of service to leave in excess of 40 hours of working time nor in any year after completion of such 12 months service to leave in excess of 64 hours of working time. Sick leave will accumulate from year to year of continuous service with the employer except as provided in clause 28.7 of this Agreement. 29.3.1.2 Leave taken by an employee under clause 29.3.1 is deducted from the amount of personal or caress leave available within clause 29.1. 29.3.1.3 An employee is entitled to use accumulated sick leave for personal sickness if the employee has already used: (i) the current year's sick leave component of the personal/ carer's leave entitlement as personal sick leave, or (ii) the current year's aggregated personal/carer's leave entitlement. 29.3.1.4 The employee is not entitled to paid leave in excess of 10 hours during the first three months of employment with the employer, a further 10 hours during the second three months of such employment and an additional 20 hours between the seventh and twelfth months of service. Provided that should his/her employment continue beyond six months the employee will be paid for the leave for which they would otherwise have been entitled to be paid except for the limitations prescribed by this clause and for which payment has not previously been made 29.3.1.5 On the employee's anniversary date of starting work, 64 hours (8 days) sick leave is accrued for use over the following 12 months. For every year worked, the employee receives another 64 hours (8 days) sick leave. 29.3.1.6 In the event of an employee dying, the employer will pay to such deceased employee's estate the monetary value of all sick leave standing to the employees credit. 29.3.1.7 Where an employee retires because of age or incapacity, or his/her services terminate after ten years continuous service for any reason except misconduct the monetary value of any unused sick leave standing to the employee's credit will be paid. 29.3.1.8 For the purpose of this clause the rate of pay for sick leave will be the ordinary time rate of pay fixed by the terms of this Agreement.
Sample 1
Entitlement and Accumulation. Every full-time Bargaining Unit Member in the District shall be entitled to ten (10) days leave of absence for illness or injury (sick leave) with full pay for a regular school year of service.
Sample 1

Related to Entitlement and Accumulation

  • Controlled Accumulation Period The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation Date, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length; provided, that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period, upon written notice to the Indenture Trustee, with a copy to each Rating Agency, the Issuer shall either postpone or accelerate, as applicable, the Controlled Accumulation Date, so that as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, that the length of the Controlled Accumulation Period will not be less than one (1) month. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment of principal on the Notes and the reduction of the Principal Overcollateralization Amount on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization Amount, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than the lowest weighted average monthly principal payment rate for the Receivables held by the Issuer for the prior twelve (12) Monthly Periods, (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuer. Any notice by the Issuer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 shall specify (i) the Controlled Accumulation Period Length and (ii) the commencement date of the Controlled Accumulation Period.

  • Maximum Accumulation An employee may accumulate earned leave, excluding the separate vacation balance, if any, to a maximum of twice their annual time management accumulation. As of the end of the pay period in which March 31 falls in each year, any employee credited with accrued leave greater than twice their annual leave accumulation shall forfeit that amount above their maximum accumulation. An employee who has acquired the maximum allowable accumulation of earned leave may continue to accumulate earned leave for the balance of the year in which the maximum accrual was reached, provided, however, that the employee must reduce the accumulation to the maximum allowable prior to the following March 31 or forfeit the excess.

  • Targeted Deposits to the Accumulation Reserve Account The deposit targeted to be made to the Accumulation Reserve Subaccount for the Class A( - ) Notes for any Due Period during the Accumulation Reserve Funding Period will be an amount equal to the Targeted Accumulation Reserve Subaccount Deposit minus any amount on deposit in the Accumulation Reserve Subaccount for the Class A( - ) Notes.]

  • Vacation Accumulation (a) Vacations are not cumulative from year to year. (b) Notwithstanding the above, the Employer may grant a special request from an employee to carryover a maximum of five (5) vacation days into the next year. The employee shall specify in her request to the Employer the purpose for which she is seeking the carryover. (c) During the first year of employment, a full time employee with at least six

  • Yield Supplement Account On the Closing Date, the Seller will deposit the Yield Supplement Account Deposit to the Yield Supplement Account from the net proceeds of the sale of the Notes. The Yield Supplement Account shall be the property of the Issuer subject to the rights of the Indenture Trustee for the benefit of the Securityholders.

  • Sick Leave Accumulation (a) An employee is eligible to accumulate sick leave with full pay at the rate of 16 working hours for each 173 1/3 hours of service. (b) The maximum number of days of sick leave which may be awarded to an employee during any consecutive twenty (20) year period of service shall not exceed 3840 hours.

  • Seniority Accumulation (i) Part-time employees shall have their seniority expressed on the basis of number of hours worked in the bargaining unit. (The foregoing is for clarity only and therefore does not modify an employee’s level of seniority under this collective agreement or previous collective agreements.)

  • Administrative Accounts In connection with the services provided hereunder, the Custodian is hereby directed to open cash accounts on its books and records from time to time for the purposes of receiving subscriptions and/or processing redemptions on behalf of the Fund and/or for the purposes of aggregating, netting and/or clearing transactions (including, without limitation foreign exchange, repurchase agreements, capital stock activity, expense payment) or other administrative purposes, each on behalf of the Fund (each an “Account”). Each such Account shall be subject to the terms and conditions of this Agreement and the Fund shall be liable for the satisfaction of its obligations in connection with each Account.

  • Allocations During the Controlled Accumulation Period During the Controlled Accumulation Period (A) an amount equal to the product of (I) the sum of the Class B Principal Percentage and the Collateral Principal Percentage and (II) the Principal Allocation Percentage and (III) the Series 1997-1 Allocation Percentage and (IV) the aggregate amount of Collections of Principal Receivables deposited in the Collection Account on such Deposit Date, shall be allocated to the Series 1997-1 Certificateholders and retained in the Collection Account until applied as provided herein and (B) an amount equal to the product of (I) the Class A Principal Percentage and (II) the Principal Allocation Percentage and (III) the Series 1997-1 Allocation Percentage and (IV) the aggregate amount of Collections of Principal Receivables deposited in the Collection Account on such Deposit Date (such product for any such date, a "Percentage Allocation") shall be allocated to the Series 1997-1 Certificateholders and retained in the Collection Account until applied as provided herein; provided, however, that if the sum of such Percentage Allocation and all preceding Percentage Allocations with respect to the same Monthly Period exceeds the Controlled Deposit Amount for the related Distribution Date, then such excess shall not be treated as a Percentage Allocation and shall be first, if any other Principal Sharing Series is outstanding and in its amortization period or accumulation period, retained in the Collection Account for application, to the extent necessary, as Shared Principal Collections on the related Distribution Date, and second paid to the Holders of the Transferor Certificates only if the Transferor Amount on such Deposit Date is greater than the Required Transferor Amount (after giving effect to all Principal Receivables transferred to the Trust on such day) and otherwise shall be deposited in the Special Funding Account.

  • Establishment of and Deposits to Custodial Account The Servicer shall segregate and hold all funds collected and received pursuant to the Mortgage Loans separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts, in the form of time deposit or demand accounts, titled as directed by the Master Servicer. The Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Any funds deposited in the Custodial Account may be invested in Eligible Investments subject to the provisions of Section 3.11 hereof. Funds deposited in the Custodial Account may be drawn on by the Servicer in accordance with Section 3.04. The creation of any Custodial Account shall be evidenced by a letter agreement in the form of Exhibit B. A copy of such certification or letter agreement shall be furnished to the Master Servicer not later than 30 calendar days after the Closing Date, and, upon request, to any subsequent owner of the Mortgage Loans. The Servicer shall deposit in the Custodial Account within two Business Days of receipt, and retain therein, the following collections received by the Servicer and payments made by the Servicer after the Cut-off Date (other than scheduled payments of principal and interest due on or before the Cut-off Date or received by the Servicer prior to the Cut-off Date but allocable to the period subsequent thereto or Servicing Transfer Date), as applicable: (i) all payments on account of principal on the Mortgage Loans, including all Principal Prepayments; (ii) all payments on account of interest on the Mortgage Loans adjusted to the Mortgage Loan Remittance Rate; (iii) all Liquidation Proceeds; (iv) all Insurance Proceeds (other than amounts applied to the restoration or repair of the Mortgaged Property or immediately released to the Mortgagor in accordance with Accepted Servicing Practices); (v) all Condemnation Proceeds that are not applied to the restoration or repair of the Mortgaged Property or released to the Mortgagor; (vi) with respect to each Principal Prepayment in full or in part, the Prepayment Interest Shortfall Amount, if any, for the month of distribution. Such deposit shall be made from the Servicer’s own funds, without reimbursement therefor up to a maximum amount per month of the Servicing Fee actually received for such month for the Mortgage Loans; (vii) all Monthly Advances made by the Servicer pursuant to Section 4.03; (viii) any amounts required to be deposited by the Servicer in connection with the deductible clause in any blanket hazard insurance policy; (ix) any amounts received with respect to or related to any REO Property or REO Disposition Proceeds; (x) any Prepayment Penalty Amount; and (xi) any other amount required hereunder to be deposited by the Servicer in the Custodial Account. The foregoing requirements for deposit into the Custodial Account shall be exclusive, it being understood and agreed that, without limiting the generality of the foregoing, payments in the nature of the Servicing Fee and Ancillary Income need not be deposited by the Servicer into the Custodial Account. Any interest paid on funds deposited in the Custodial Account by the depository institution shall accrue to the benefit of the Servicer and the Servicer shall be entitled to retain and withdraw such interest from the Custodial Account pursuant to Section 3.04. Additionally, any other benefit derived from the Custodial Account associated with the receipt, disbursement and accumulation of principal, interest, taxes, hazard insurance, mortgage insurance, etc. shall accrue to the Servicer.

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