Example of the Conversion Formula Sample Clauses

Example of the Conversion Formula. An employee who was the first hired on March 17, 1986, worked intermittently thereafter. The employee then opted for regular employee status. He/she had worked a total of 2,158 hours up to the end of November 1989, in the same department and classification. The conversion formula works as follows:
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Example of the Conversion Formula. An employee who was the first hired on March 17, 1986, worked intermittently thereafter. The employee then opted for regular employee status, He/she had worked a total of 2,158 hours up to the end of November 1989, in the same department and classification. The conversion formula works as follows: (iv) (v) 2158/8 = 269 6/8 working days; 269 6/8 = 270; 270 x 1.4 = 378 calendar days; no rounding necessary; November 30, 1989 - 378 calendar days = November 17, 1988.
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